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News
Grande Prairie hauling companies placed into receivership
6+ day, 8+ hour ago (124+ words) Insolvency Insider Canada Grande Prairie hauling companies placed into receivership Grant Thornton appointed after RBC demanded repayment of approximately $1.72 million Alberta West Transport Ltd., Bison Oilfield Services Ltd. and Ridgeline Forest Contracting Ltd. were placed into receivership on August 20, 2026, on…...
Gilda’s Club Greater Toronto bankrupt after losing charitable status
6+ day, 8+ hour ago (155+ words) Dina Kovacevic September 07, 2026 Gilda’s Club Greater Toronto filed an assignment in bankruptcy on August 24, 2026, after the cancer-support organization ceased operations due to the loss of its charitable status. The organization reported just $53,202 of assets against $190,525 of liabilities, leaving an estimated…...
MNP appointed receiver over Luxor, Mesa Edmonton lands after $10.9 million loan default
3+ week, 20+ hour ago (160+ words) Dina Kovacevic August 23, 2026 Luxor Land Ltd. and Mesa West Capital Corp. were placed into a limited receivership on August 10, 2026, on application by National Bank of Canada, owed approximately $10.9 million after the companies failed to repay a real estate loan and…...
Can a Late Higher Bid Reopen a Receivership Sale? Lessons from Cameron Stephens Mortgage Capital Ltd. v. Conacher Kingston Holdings
3+ week, 2+ day ago (141+ words) Insolvency Insider Canada - Can a Late Higher Bid Reopen a Receivership Sale? Lessons from Cameron Stephens Mortgage Capital Ltd. v. Conacher Kingston Holdings Simon Wu and Aaron Libby of Clark Wilson examine the Ontario Court of Appeal’s decision in Cameron Stephens…...