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report on business
Business insolvencies in Canada more than doubled in January from year earlier, led by bankruptcies
Business insolvencies more than doubled in January compared with a year earlier, and far surpassing pre-pandemic levels for the month. A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. THE CANADIAN PRESS/Adrian Wyld
report on business
The Body Shop to cut more than 200 jobs in Canada
A Body Shop retail store at Shops at Don Mills, which is slated for closure, in Toronto ON, March 1, 2023. The Body Shop plans to close nearly one-third of its stores in Canada and is seeking protection from its creditors, just weeks after its U.K.-based parent company also began restructuring under its new owners, German private equity firm Aurelius Investment. (Ian Willms / The Globe and Mail)
report on business
The Body Shop to close nearly a third of stores in Canada, seeks creditor protection
Pedestrians pass a Body Shop cosmetics store in London's Oxford Street in this file photo.
report on business
Lynx Air owes Ottawa $25-million in taxes and millions more to suppliers
Lynx Air signage is displayed at the John C. Munro Hamilton International Airport in Hamilton, Ont., Friday, February 23, 2024. Officials with the Calgary-based company announced that it is ceasing operations after filing for creditor protection. THE CANADIAN PRESS/Nick Iwanyshyn
advisor news
The debt spiral: How much is too much and where to turn when in too deep
Video32:13
opinion
In praise of (gentler) business bankruptcy rules
The Editorial Board
international business
WeWork founder Adam Neumann trying to buy back company, sources say
Adam Neumann, CEO of WeWork, speaks to guests during the TechCrunch Disrupt event in Manhattan, in New York City, NY, U.S. May 15, 2017. REUTERS/Eduardo Munoz/ File Photo
report on business
WeWork explores bankruptcy loan options amid landlord dispute
FILE PHOTO: A WeWork logo is seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo
international business
Scandinavian airline SAS to file second amended Chapter 11 plan
FILE PHOTO: Scandinavian Airlines (SAS) Airbus A320 planes are parked at Copenhagen airport in Kastrup, Denmark, March 15, 2020. TT News Agency/Johan Nilsson via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. SWEDEN OUT. NO COMMERCIAL OR EDITORIAL SALES IN SWEDEN./File Photo
report on business
Bad Boy Furniture Warehouse deemed bankrupt after failure to file proposal
People walk past a Bad Boy furniture store, in Brampton, Ont., Monday, Nov., 13, 2023. Furniture retailer Bad Boy Furniture Warehouse Ltd. is officially bankrupt. THE CANADIAN PRESS/Christopher Katsarov
world
A diverse coalition owed money by Rudy Giuliani meets virtually for first bankruptcy hearing
FILE - Former New York Mayor Rudy Giuliani speaks during a news conference outside the federal courthouse in Washington, Friday, Dec. 15, 2023. A group of people and businesses who say they are owed money by Giuliani gathered virtually Friday, Jan. 19,2 024, for the first hearing since he declared bankruptcy last month after losing a defamation suit to two Georgia election workers. (AP Photo/Jose Luis Magana, File)
international business
Bitcoin miner Core Scientific gets court approval for restructuring
FILE PHOTO: Representation of Bitcoin cryptocurrency is seen in this illustration taken January 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
report on business
Black Press Ltd. files for creditor protection, announces sale
The Black Press Ltd logo is shown image.Black Press Ltd. says it has entered creditor protection as it works to restructure its financial affairs. The Surrey, B.C.-based publisher says the order under the Companies' Creditors Arrangement Act provides a stay of proceedings and approves debtor-in-possession financing. THE CANADIAN PRESS/HO
arts
Artscape formally enters receivership
Artscape Youngplace is photographed on Sept 28, 2023. (Fred Lum/The Globe and Mail)
report on business
SVB Financial plans to hand VC business to creditors
FILE PHOTO: An employee removes tape from the window at the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki/File Photo
international business
Radio broadcaster Audacy seeks fast-track bankruptcy turnaround
INGLEWOOD, CALIFORNIA - DECEMBER 09: (L-R) Leandra Earl and Jordan Miller of The Beaches performs onstage during Audacy's KROQ Almost Acoustic Christmas 2023 at The Kia Forum on December 09, 2023 in Inglewood, California. (Photo by Kevin Winter/Getty Images for Audacy)
international business
Celsius Network wins court approval for shift to bitcoin mining
FILE PHOTO: Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration//File Photo
international business
FTX debtors settle some claims over Embed deal with Sam Bankman-Fried, others
FILE PHOTO: FTX logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
world
Rudy Giuliani seeks bankruptcy after $148-million judgment in defamation case
FILE - Former Mayor of New York Rudy Giuliani speaks during a news conference outside the federal courthouse in Washington, Friday, Dec. 15, 2023. Giuliani has filed for bankruptcy in a New York court less than a week after a jury returned a $148 million judgment against him over lies about two Georgia election workers. (AP Photo/Jose Luis Magana, File)
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