Bankruptcy

Economic Indicators

Personal bankruptcies fall…for now

There’s a little more good news on the household debt front: Fewer Canadians are filing for personal bankruptcy.

By Staff |January 11, 2012

1 min read

Industry

Court approves MF Global client payout

Just in time for Black Friday, there’s good news for clients of bankrupt MF Global Canada; the Ontario Superior Court of Justice has granted an order that allows the bankruptcy trustees to start cutting cheques.

By Staff |November 25, 2011

1 min read

Industry

MF Global client positions closed out

Canadian Derivatives Clearing Corporation has completed the transfer and closure of all remaining open positions in MF Global Canada client accounts.

By Staff |November 22, 2011

1 min read

Industry

MF Global Canada in bankruptcy

The Canadian Investor Protection Fund and IIROC have obtained a bankruptcy order in Canada for MF Global Canada Co., with KPMG Inc. appointed trustee in bankruptcy.

By Staff |November 7, 2011

2 min read

Court urges closure of bankruptcy loophole

The Supreme Court of Canada has ruled a Manitoba man does not have to pay his ex-wife an equalization payment on their marital home because he filed for bankruptcy. The Court acknowledged the unfairness of the ruling in Schreyer v. Schreyer, which occurred due to the cross-purposes of bankruptcy and family law. Since an equalization […]

3 min read

MNP to merge with Stern Cohen Shier

Toronto-based insolvency firm Stern Cohen Shier Inc. has announced it will merge with MNP LLP, one of Canada’s largest chartered accounting and consulting firms, effective September 1, 2011. “Not only will we be strengthening our insolvency practice by gaining additional expertise and resources in communities we already operate in but we will also be helping […]

By Staff |July 14, 2011

1 min read

A.M. market numbers for January 21, 2010

The Toronto stock market could start Friday lower as commodity prices pull back and investors take in better than expected earnings from General Electric and Google. The Canadian dollar was down 0.29 of a cent to 94.82 cents US early Friday morning. U.S. futures were mostly flat as Wall Street tries to find footing sustaining […]

By Staff |January 22, 2010

3 min read