PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Carlton Cards … Haynes and Boone's Energy and Restructuring Practice Group lawyers have been helping clients navigate the ups and downs in the oil and gas sector for more than four decades. Schendel Mechanical Contracting Ltd., Schendel Management Ltd., and 687772 Alberta Ltd. Skywell Homes Ltd. and 2168601 Ontario Inc. Student Federation of the University of Ottawa Inc. Sural Laminated Products of Canada Inc. and Sural Québec Inc. syncreon Group B.V. and syncreon Automotive, Tech Link International Entertainment Limited. read TORONTO - A list of some of the companies that have taken steps under the Companies’ Creditors Arrangement Act or Bankruptcy … Canadian trucking company FTI owed more than C$18 million to creditors when it filed for bankruptcy in September, according to court filings that offer a glimpse into one of the few known Canadian trucking failures in 2019. A report released by Statistics Canada found one-in-five Canadian businesses had laid off more than 80 per cent of their staff. Ascena Retail Group. Bankruptcy filings this year have already surpassed what we saw in … Visionwall Incorporated, Visionwall Corporation and 825764 Alberta Ltd. Voyage Vasco Saint-Eustache des Patriotes Inc. Wabush Hotel Limited, L.H. The official bankruptcy records in Canada are compiled by the Office of the Superintendent of Bankruptcy Canada (OSB) and are public records. The pandemic recession plunged dozens of large American companies into bankruptcy this summer. There has been a 39 per cent increase in the number of corporate bankruptcies in Ontario, according to the latest numbers from the Office of the Superintendent of Bankruptcy Canada. Ann Taylor parent company Ascena Retail Group filed for Chapter 11 bankruptcy protection in July 2020, stating it planned to permanently close a "significant" number of Justice stores, along with certain Ann Taylor, Loft, Lane Bryant and Lou & Grey stores, and to permanently close all of its stores in Canada, Puerto Rico and Mexico. FILING DATE All prices are in CAD. Le Château:After 60 years … Energy Bankruptcy Reports and Surveys 09/30/2020 LATEST UPDATE - September 30, 2020. Consumer bankruptcies in Alberta decreased by 41.9%, from 461 in September 2019 to 268 in September 2020. For the 12 months ending February 1, 2020, Aldo lost $74.8 million in Canada and $52.8 million in the United States. Bankruptcy odds: As high as 50%. Here is a look at some of the major retail closures announced in Canada in 2020, both before and during the pandemic. © 2018 - 2020 PwC. {{contentList.dataService.numberHits}} {{contentList.dataService.numberHits == 1 ? ^^^Chesapeake filed on 8/21/2020 its schedules with a total of over $95B in debt, most of which is intercompany loans and therefore not included. Switch to Standard View Infinity Dental South, Omar Nsair Professional Corporation, Hussien Nsair Professional Corporation, and Infinity Dental Ltd. 1325775 Ontario Inc., Winddown RSKAPP, Inc. and 4172507 Canada Inc. John Butcher’s Kitchens & Millwork Limited and 3056104 Nova Scotia Limited, John David Best and J. David Best & Sons Partnership, Kahunaverse Sports Group Inc. and Soccer Express Trading Corp. La Compagnie de recyclage de papiers MD Inc. Lands and Premises and License of the Waterfront at Arrow Lakes. Century 21. Le Château Inc. and Château Stores Inc. Les entreprises commerciales Hexagone Inc. Les Industries Fermco Ltée., Les Distribution Fermco Ltée., Gestion Fermco inc., Fermco U.S. inc. Lone Pine Resources Canada Ltd. (direct and indirect wholly owned subsidiaries; Lone Pine Resources Inc., Lone Pine Resources (Holding) Inc., Wiser Delaware LLC, and Wiser Oil Delaware, LLC), Mad Catz Interactive Inc. and 1328158 Ontario Inc. o/a Mad Catz Canada (collectively the “Companies”), Marv Holland Apparel Ltd. (“Marv Holland”). There are a handful of marijuana companies that may not survive the year, meaning 2020 could be remembered less for growth in the pot industry and more for cannabis stock bankruptcies… The Clover on Yonge Inc. and The Clover on Yonge Limited Partnership, The Clover on Yonge Inc., The Clover on Yonge Limited Partnership, 480 Yonge Street Inc. and 480 Yonge Street Limited Partnership (Cresford Group). ... Cancelled its 2020 season, resulting in the loss of 240 jobs. Crew. 'result' : 'results'}}, 33 Yorkville Residences Inc. and 33 Yorkville Residences Limited Partnership (Cresford Group), 101142701 Saskatchewan Ltd. and Cava Secreta Wines and Spirits Limited, 1721027 Ontario Inc. (o/a Becker Cogeneration Plant), 3147914 Nova Scotia Limited (Dartmouth Operations), 605673 British Columbia Ltd. dba A&J First Aid, 660748 NB Inc. (operating under the name IRM Moncton MRI), 8942595 Canada Inc. (operating as Herbal Magic Inc. effective August 1, 2014). However, one should not underestimate the impact that consumer education has on lowering of the bankruptcy rate. Sales had declined $28 million over the previous 3 years, but the recent mandatory store closures and uncertainty surrounding whether or not foot traffic will pick up at their stores after things open back up had made the trend “even worse”. Please see www.pwc.com/structure for further details. Eleven coal companies have declared bankruptcy since President Donald Trump took office, including Murray Energy, which filed for Chapter 11 Tuesday, S&P Global Market Intelligence told Newsweek. These are the companies on Retail Dive's bankruptcy "watch list" for 2020, based on data from CreditRiskMonitor. On a macroeconomic level, the number of bankruptcies filed each year in Canada has been declining since a peak level of 152,000 in 2009. The biggest failure of the oil bust so far has been Canadian-listed Pacific Exploration & Production, which produces heavy oil in Colombia, and entered bankruptcy with $5.3 billion in debt. J. This means that any member of the public can access them via an internet search tool on the OSB website, although there is a fee, and searches must be very specific. TORONTO -- Home decor chain Pier 1, Carlton Cards and Forever 21 are simply the latest in a growing list of retailers closing their doors in Canada or filing for bankruptcy. The database is most often searched by Business or Individual name and can be narrowed to the approximate year the bankruptcy or insolvency was filed. The En Carde Group Inc., Mark Gdak, Jaimee Lynn Gdak and Jaimak Real Properties Inc. were placed into receivership on October 22, 2020, on application by ClearFlow Commercial Finance, owed approximately $48.6 million. The number of Alberta business bankruptcies in September 2020 increased by 20.0% from the same period a year ago, from 10 to 12. Ltd. Delphi Energy Corp. and Delphi Energy (Alberta) Limited. Trigger is a Waterloo, Ontario-based firearms and ammunition wholesaler. Please note that information may not be available at this time for all current PwC insolvency assignments. Condominium Plan No. (not optimized for mobile browsing), Copyright 2020 SPEEDY SEARCH & REGISTRY. UPDATED (21/10/20) - The 2020 airline bankruptcy list is open Given the raging popularity of the 2019 list of airline bankruptcies , I have resolved to continue the work into 2020. Atlantic Yarns Inc., Atlantic Fine Yarns Inc. AutoCanada v. Mirbach - Receiver of Disputed Vehicles. 8120257 o/a Hillview Park, Coopérative d’habitation Le Coin du Nord (Montréal-Nord), Coronavirus – Administrator for claims filed with the CFCTA. The Running List Of Retail Store Closures And Bankruptcies In 2020. Cross Country Installation & Service (C.C.I.S.) Outcome: Filed for Chapter 11 with a plan to shed $800 million in debt, inject new equity and debt capital, and ... Furniture Factory Outlet. Service Center Limited, D.P.B. The Loder Group of Companies Ltd., 1407004 Alberta Ltd., 1624165 Alberta Ltd., 1450816 Alberta Ltd., 733856 Alberta Ltd., S A Pharmacy Ltd., Quant Sat Holdings Ltd., 1401865 Alberta Ltd., North East Pharmacy (2013) Ltd., North East Clinic (2013) Ltd., Crossroads Pharmacy (1969) Ltd., and 1441333 Alberta Ltd. Transport de matières recyclables Optimum Inc. UC Investments Inc.; Edge Marketing Inc.; 3214113 Nova Scotia Limited; UC Contract Services Inc. Vacances Sinorama Inc. - Provisional Administration, 1939243 Ontario Inc. (formerly Vari-Form Inc.). Closed Wednesday Nov 11th, 2020 Director liability – Inquiry into dividends, redemption of shares or compensation. Business Hours: 9am-5pm (PST) Mon-Fri Phone: 1.800.661.5951. Instagram/ @norman.realestate. Ocean Legacy Inc., Supreme Atlantics (2000) Ltd., and Limekiln Fisheries 2000 Ltd. Peers Foster Kristiansen Inc. and Federal Mortgage Corporation Ltd. Pike’s Recreation & Marine Inc. (“Pike’s”). Stein Mart. I also take the opportunity to thank all those that wrote to me with tips and suggestions from all over the world. S.W., Suite 2600 Calgary, Alberta T2P 3H5 Phone: 403-460-1230 Fax: 403-460-1231 Studies show that many people who qualify for bankruptcy are instead choosing to file a consumer proposal after learning about it as a debt relief optio… Low crude prices have left the U.S. oil industry has been teetering on the edge, and even more bankruptcies are on the horizon in 2020 101133330 Saskatchewan Ltd. (O/A Orr Centre) 101149825 Saskatchewan Ltd. 101133330 Saskatchewan Ltd. o/a Orr Centre Regina; 101149825 Saskatchewan Ltd. Michael Vi / Shutterstock. ... one of the country's top bankruptcy firms is warning a "staggering" number of Canadians are on the brink of financial disaster. Nemaska Lithium Inc., Nemaska Lithium Shawinigan Transformation Inc., Nemaska Lithium P1P Inc., Nemaska Lithium Whabouchi Mine Inc. and Nemaska Lithium Innovation Inc. North America Milling Company Limited and Woodbine Holdings Ontario Inc. Canadian firms need to see 'a little more confidence' before deploying cash hoards: CN CEO ... Drilling forecast calls for 14% rebound in 2021 from depths of 2020 activity. Cobalt Energy Services Ltd. and 1592809 Alberta Ltd. The company’s debt stands at $287 million and that’s not including rents owed for April and May of this year — the company failed … 923451 Ontario Limited (formerly known as Comstock Canada Ltd.), CCL Realty Inc. and CCL Equities Inc. 9342-8530 Québec inc. ( Formerly Diagnocure inc.). Tailored Brands. 605 5 Ave. Countless more are on their way. Desautels Creative Printing Papers Inc., Creative International, L.L.C. Ammunition wholesaler coronavirus pandemic, ranked by assets and Delphi Energy Corp. and Delphi Energy Corp. Delphi., visionwall Corporation and 825764 Alberta Ltd. Voyage Vasco Saint-Eustache des Patriotes Inc. Wabush Limited! 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