Bankruptcies in Canada averaged 362.22 Companies from 2004 until 2020, reaching an all time high of 872 Companies in March of 2004 and a record low of 108 Companies in April of 2020. Bankruptcies in Canada decreased to 165 Companies in November from 178 Companies in October of 2020. Alberta and British Columbia taking the biggest hit. 2020 hasn’t been kind to the energy sector, and a growing wave of energy bankruptcies has started to build. 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. The list of store closures include independent retailers as well as medium and larger chains which have either filed for bankruptcy protection or are simply shutting stores amid financial turmoil. (RICKS, DOUGLAS) (Entered: 03/18/2020) Mar 18, 2020: 2 Receipt of Filing Fee for Chapter 11 Voluntary Petition - case upload( 20-31032-11) [caseupld,volp11u] (1717.00). The Growing Wave of Oil & Gas Bankruptcies in 2020. ... Oklahoma Overtake Alberta … The number of companies filing for Ch. Us Trustee. This year has been huge for bankruptcies. There were 14,696 consumer insolvencies filed in the province over the 12 months ending in January, a figure that includes both bankruptcies and consumer proposals. 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. Licensed insolvency trustees. Trustee Red Deer - Bankruptcies. Corporate insolvencies were also up in Alberta in 2018, by approximately five per cent. A copy of the Notice and Proof of Claim may be accessed under the "Bankruptcy" tab of this website. On May 29, 2020 Boulder Creek Golf Course Limited Partnership was assigned into bankruptcy and PricewaterhouseCoopers Inc., LIT was named as Trustee. 853405 Alberta Ltd., which operated a fitness centre under the name “Peak Physique Gym and Fitness Centre” in the Town of St. Paul, Alberta, was adjudged bankrupt on November 18, 2020, on joint application by ATB Financial (“ATB”) and Servus Credit Union Ltd. Alberta Health didn’t say whether that death was linked to any current outbreaks. Notice to the Profession & Public 2019-04 Calgary Commercial Matters on Edmonton List: PDF: 70.84 KB: 10 Sep, 2019: Download: Notice to the Profession & Public - Calgary Commercial Duty List Matters Being Heard on the Edmonton Commercial Duty List - 2018-05: … Alberta Farmer Express . Alberta suffered the most hail damage on … A list of companies that have been granted protection under the Companies' Creditors Arrangement Act. Companies under creditor protection. Energy Bankruptcy Reports and Surveys 09/30/2020 LATEST UPDATE - September 30, 2020. Alberta weather disasters make Top 10 in 2020. Mar 18, 2020: 1 Petition Chapter 11 Voluntary Petition. Last year, the energy industry was rocked by record bankruptcies and write-downs that did not spare even the oil majors. DOUGLAS R RICKS on behalf of MLK Alberta, LLC. A list of all bankruptcies and proposals filed in Canada. In the 25 years from 1980 to 2005, personal bankruptcy filings rose significantly. Now it's even smaller. On February 20, 2020, The Bowra Group Inc. was appointed Receiver Manager of Professional Consulting Solutions Ltd. (“PCS”) pursuant to a Court Order of the Court of Queen’s Bench of Alberta. 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. Alberta Farmer Express . U.S. Exclusivity Period Expires 07/16/2020. Status of the File as at May 25, 2020 As of August 9, 424 companies had filed for … The oil crash is blocking American frackers from accessing the cheap credit that fueled their prolific rise. As well, three new regions have been added to a “watch” list on the province’s reopening status map. Bankruptcies went up fast, though there were periods where filings dropped for a few years. The official bankruptcy records in Canada are compiled by the Office of the Superintendent of Bankruptcy Canada (OSB) and are public records. The chain is now owned by Macy's Inc., and it has remained on the small side over the years. Le Tote Inc., joined the growing list of major retailers going bankrupt on August 2. The services-producing sector had a decrease in employment of about 25, 000 workers primarily in Ontario, Quebec and Alberta this November. The national unemployment rate was 8.6% in December 2020, up from 5.6% in the same period in 2019. Fee Amount $1717. Published Sunday, June 14, 2020 2:47PM EDT Last Updated Friday, October 23, 2020 4:44PM EDT Red Deer had 190 bankruptcies reported in 2019, increasing 19.5% from 159 in 2018. Status of File as of May 29, 2020 . British Columbia lost 18,000 jobs in November. The business segment had the largest decline over last year, decreasing -60.0% to 2. The Companies were adjudged bankrupt by virtue of Bankruptcy Orders granted by the Court of Queen’s Bench of Alberta on March 5, 2020. Bankruptcy filings this year have already surpassed what we … Table 2: Insolvencies Filed by Consumers -Volume % Change 12-Month Period Ending; January 2020 December 2019 January 2019 Dec. 2019 to Jan. 2020 Jan. 2019 to Jan. 2020 A list of the biggest companies that have filed for bankruptcy during the coronavirus pandemic, ranked by assets. Definition: A bankruptcy is a legal process governed by the Bankruptcy and Insolvency Act for a person who can no longer pay back debt. What Bankruptcy Records Exist in Canada? 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. Stores closing in 2020: 1. That's more than 40 per day. 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 to pay rents which has also put landlords in a … Bankruptcy is a legal process by which you may be discharged from most of your debts.Its purpose is to permit an honest, but unfortunate debtor to obtain a discharge … In December 2020, Alberta's seasonally adjusted unemployment rate was 11.0%, up from 7.0% in December 2019 and down 0.1% from November 2020. This year, Neiman Marcus and J.C. Penney joined the ranks of some of the biggest retail bankruptcies on record, including Sears, Toys R … Luxury department store Bloomingdale's has a lot of history, dating all the way back to its founding in 1861. Its 38 locations have been closed since March. 4 weeks The 10 biggest retail bankruptcies of 2020 CNBC . News, forms and other online services for … Bankruptcy Records in Canada: Who Will Know? Domenic E. Pacitti Klehr Harrison Harvey Branzburg LLP 919 Market Street Suite 1000 Wilmington, DE 19801 302-552-5511 Fax : 302-426-9193 Email: dpacitti@klehr.com. For the 12 months ending February 1, 2020, Aldo lost $74.8 million in Canada and $52.8 million in the United States. Bamboo Sushi NE Alberta, LLC 1409 NE Alberta Street Portland, OR 97211 MULTNOMAH-OR Tax ID / EIN: xx-xxx7610 aka Bamboo Sushi Represented By. Article content continued. Men between 25 to 54 and women aged 55 and older were most affected. Here are the 11 biggest consumer company bankruptcies to happen so far in 2020. news. More companies will file for bankruptcies in 2020 as businesses remain closed due to the coronavirus. 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