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Canada Bankruptcy News. Service for global professionals. Constantly updated news and information about Canada.
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Latest Canada Bankruptcy News

  • GM considers options ahead of court ruling 4 Jul 2009 20:40 GMT
    ... will have a 60 percent stake. The Canadian government will control 11 percent, the (UAW) ... shares sold as soon as possible, but Canada has said it could take eight years ... in its next incarnation. After emerging from bankruptcy, GM could operate as a privately-held company, ...

  • Hancock and Kime busy this summer 4 Jul 2009 18:31 GMT
    ... Illinois, Arizona, Georgia, Maryland, Texas, Oklahoma and Canada. The hard-throwing right-hander pitched in two games for ... Cleveland Browns quarterback Bernie Kosar filed for bankruptcy last week. Among some of those owed ...

  • China's Beijing Auto bids for Opel 4 Jul 2009 16:51 GMT
    ... A Chinese automaker has offered to buy a stake ... Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on ... lawyers to submit papers to US federal bankruptcy Judge Robert Gerber who will rule by ...

  • General Motors says sale of Opel to Magna nearing completion 4 Jul 2009 15:52 GMT
    ... Magna International Inc. co-chairman Siegfried Wolf, left, and Carl-Peter ... Corp.'s German unit Adam Opel GmbH to Canadian autoparts maker Magna are progressing well and ... GM subsidiary. GM - now restructuring under bankruptcy court protection - would keep a 35 ...

  • Healthy debate 4 Jul 2009 15:22 GMT
    ... AM Updated: July 04, 2009 7:33 AM Canada’s health system is getting a bashing in ... and in some cases this leads to bankruptcy. Our system is too bureaucratic, although it ...

  • GM: Sale of Opel to Magna nearing completion 4 Jul 2009 13:11 GMT
    ... A small flag reading 'We are Opel' is seen ... Corp.'s German unit Adam Opel GmbH to Canadian autoparts maker Magna are progressing well and ... GM subsidiary. GM -- now restructuring under bankruptcy court protection -- would keep a 35 ...

  • The Samaritan principle or the profit principle? 4 Jul 2009 10:31 GMT
    ... has become a major cause of personal bankruptcy. In June of this year, David Himmelstein ... as it has been developing in both Canada and Great Britain, Woolhandler and Himmelstein have summarised ...

  • Straw homebuyer scheme is illegal 4 Jul 2009 09:51 GMT
    ... likely be garnisheed. She was facing personal bankruptcy. Unfortunately, Melanie had fallen victim to the ... monitored by the Criminal Intelligence Service of Canada (CISC), an inter-agency organization that coordinates and shares ...

  • Leafs won't get shot to land Nash 4 Jul 2009 09:32 GMT
    ... Talented winger agrees to eight-year extension with the ... the signing on the club's website. The Canadian Press reports the deal is worth $62.4 ... Jerry Reinsdorf's $148 million bid for the bankrupt Phoenix Coyotes, owner Jerry Moyes wants to ...

  • Forgiving of student debt tricky 4 Jul 2009 08:50 GMT
    ... it difficult to dodge student loans through bankruptcy. You had better have a good excuse ... 29, from paying the Royal Bank of Canada $134,000. Part of it was a loan ... the son with a cellphone: "Millions of Canadians grew up, and, I dare say, continue ...

  • Fort Worth Star-Telegram, Texas, Mitchell Schnurman column: Schnurman: Well-timed financial moves may have saved Pier 1 Imports 4 Jul 2009 07:51 GMT
    ... their plans, so they ended up in bankruptcy. McClatchy Co., which publishes the Star-Telegram, recently ... had 1,271 stores in the U.S. and Canada. It's on track to reduce the total by ...

  • GM gets offer for Opel unit from Beijing Auto 4 Jul 2009 07:20 GMT
    ... for its European Adam Opel unit. The bankrupt car giant is also in talks with ... already signed a memorandum of understanding with Canada's Magna International Inc. over a proposed deal ... Magna's access to GM technology and the Canadian group's ability to pass the technology onto ...

  • AUTO INDUSTRY: Fate of GM in judge's hands as bankruptcy exit hearing closes 4 Jul 2009 06:50 GMT
    ... automaker can execute a swift exit from bankruptcy protection by selling its best assets to ... some 50 billion dollars in emergency loans. Canada, which also provided billions in loans, will have ...

  • China moves on Opel with BAIC bid 4 Jul 2009 05:50 GMT
    ... A view of the main entrance of the Opel ... Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on ... lawyers to submit papers to U.S. federal bankruptcy Judge Robert Gerber who will rule by ...

  • Arabian: Sacrifices for Independence 4 Jul 2009 05:31 GMT
    ... The home was destroyed, and Nelson died bankrupt. Francis Lewis had his home and properties ... by the thousands to take refuge in Canada, the West Indies, or England. Gregory H. Arabian ...


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