Fri., Oct. 23, 2020 timer 1 min. A list of the biggest companies that have filed for bankruptcy during the coronavirus pandemic, ranked by assets. (not optimized for mobile browsing), Copyright 2020 SPEEDY SEARCH & REGISTRY. Service Center Limited, D.P.B. Carlton Cards … These are the companies on Retail Dive's bankruptcy "watch list" for 2020, based on data from CreditRiskMonitor. Director liability – Inquiry into dividends, redemption of shares or compensation. Atlantic Yarns Inc., Atlantic Fine Yarns Inc. AutoCanada v. Mirbach - Receiver of Disputed Vehicles. Grande Cache II Ltd. Allarco Entertainment 2008 Inc. and Allarco Entertainment Limited Partnership. Instagram/ @norman.realestate. 101133330 Saskatchewan Ltd. (O/A Orr Centre) 101149825 Saskatchewan Ltd. 101133330 Saskatchewan Ltd. o/a Orr Centre Regina; 101149825 Saskatchewan Ltd. read TORONTO - A list of some of the companies that have taken steps under the Companies’ Creditors Arrangement Act or Bankruptcy … Countless more are on their way. Bankruptcies in Canada decreased to 178 Companies in October from 188 Companies in September of 2020. source: Statistics Canada Bankruptcies in Canada averaged 363.20 Companies from 2004 until 2020, reaching an all time high of 872 Companies in March of … FILING DATE Bearcat Explorations Ltd. and Stampede Oils Inc. BioAmber Inc., Bioamber Canada Inc. & Bioamber Sarnia Inc. C. & C. Wood Products Ltd. and Westside Logging Ltd. Chestermere Land Development Limited Partnership and BF Land Development General Partner Incorporated, Cirbin Inc. (doing business as Campagna) and 9158-7147 Québec Inc. Clover Living Limited Partnership and Clover Living Inc. Consumer bankruptcies in Alberta decreased by 41.9%, from 461 in September 2019 to 268 in September 2020. Ascena Retail Group. Pier 1 Imports. Improving worldwide economic conditions are probably the most significant reasons for the shift. Switch to Standard View Elaborate Homes Ltd. and Elaborate Developments Inc. Enseco Energy Services Corp. and Enseco Energy Services USA Corp. First International Bank of Grenada Limited, Fraser Papers Inc. General Creditor Trust, Gemma GP Corp., Gemma Communications LP and Akron Insurance Limited, Groupe MPECO ( MPÉCO Construction Inc., MPECO Électrique Inc., MPECO Inc. and MPÉCO Fabrication Inc.), 2537330 Ontario Inc. and GuestLogix Ireland Limited, Homco Realty Fund (121) Limited Partnership. Stein Mart. ... Cancelled its 2020 season, resulting in the loss of 240 jobs. Infinity Dental South, Omar Nsair Professional Corporation, Hussien Nsair Professional Corporation, and Infinity Dental Ltd. 1325775 Ontario Inc., Winddown RSKAPP, Inc. and 4172507 Canada Inc. John Butcher’s Kitchens & Millwork Limited and 3056104 Nova Scotia Limited, John David Best and J. David Best & Sons Partnership, Kahunaverse Sports Group Inc. and Soccer Express Trading Corp. La Compagnie de recyclage de papiers MD Inc. Lands and Premises and License of the Waterfront at Arrow Lakes. Eleven coal companies have declared bankruptcy since President Donald Trump took office, including Murray Energy, which filed for Chapter 11 Tuesday, S&P Global Market Intelligence told Newsweek. DS Commercial Inc. d/b/a/ Stealth Metal Recycling and Processing. {{contentList.dataService.numberHits}} {{contentList.dataService.numberHits == 1 ? For the 12 months ending February 1, 2020, Aldo lost $74.8 million in Canada and $52.8 million in the United States. The biggest failure of the oil bust so far has been Canadian-listed Pacific Exploration & Production, which produces heavy oil in Colombia, and entered bankruptcy with $5.3 billion in debt. (As of October 31, 2020) LIST OF NORTH AMERICAN OIL AND GAS PRODUCER BANKRUPTCIES* 2020 BANKRUPTCIES, January –August. Outcome: Filed for Chapter 11 with a plan to shed $800 million in debt, inject new equity and debt capital, and ... Furniture Factory Outlet. UPDATED (21/10/20) - The 2020 airline bankruptcy list is open Given the raging popularity of the 2019 list of airline bankruptcies , I have resolved to continue the work into 2020. However, one should not underestimate the impact that consumer education has on lowering of the bankruptcy rate. Business Hours: 9am-5pm (PST) Mon-Fri Phone: 1.800.661.5951. and Merchant Sales Inc. Devlin Construction Ltd., S7 Ventures Ltd., & KMOJ Holdings Ltd. DHE Weissman Holdings Ltd. operating as Sussex Mall, Sussex, New Brunswick (“DHE”), DS Commercial Inc. a.k.a. Nemaska Lithium Inc., Nemaska Lithium Shawinigan Transformation Inc., Nemaska Lithium P1P Inc., Nemaska Lithium Whabouchi Mine Inc. and Nemaska Lithium Innovation Inc. North America Milling Company Limited and Woodbine Holdings Ontario Inc. Section 101(1) of … 3/27/2020: Cobalt Energy Services Ltd. and 1592809 Alberta Ltd. Receivership / … Académie linguistique internationale Inc. All in West! All rights reserved. 2020-09-15: Ernst & Young Inc. Representative: Alexander Morrison 416 … Studies show that many people who qualify for bankruptcy are instead choosing to file a consumer proposal after learning about it as a debt relief optio… Poseidon Concepts Corp., Poseidon Concepts Ltd., Poseidon Concepts Limited Partnership and Poseidon Concepts Inc. Proform Management Inc., Proform Concrete Services Inc., and Proform Construction Products Inc. River’s Bend Wood Products Incorporated, Select Transport Inc. (“Select Transport”). The running list of 2020 retail bankruptcies. 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. S.W., Suite 2600 Calgary, Alberta T2P 3H5 Phone: 403-460-1230 Fax: 403-460-1231 Crew. Holdings Limited, Wayland Group Corp., 2751609 Ontario Inc.and Nanoleaf Technologies Inc. (Maricann Inc. was also a party in the CCAA proceedings and was removed pursuant to the Approval & Vesting Order), Weslease Income Growth Fund GP Ltd. and Weslease Income Growth Fund Limited Partnership, Wilfrid Paquet & fils ltée / Industries Paquet inc. / Transport W. Paquet, Notice of Intention to Make a Proposal / Interim Receivership, Notice of Intention to Make a Proposal / Receivership, Notice of Intention to Make a Proposal/CCAA. 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. Cross Country Installation & Service (C.C.I.S.) Canadian firms need to see 'a little more confidence' before deploying cash hoards: CN CEO ... Drilling forecast calls for 14% rebound in 2021 from depths of 2020 activity. Cobalt Energy Services Ltd. and 1592809 Alberta Ltd. 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… The database is most often searched by Business or Individual name and can be narrowed to the approximate year the bankruptcy or insolvency was filed. The Clover on Yonge Inc. and The Clover on Yonge Limited Partnership, The Clover on Yonge Inc., The Clover on Yonge Limited Partnership, 480 Yonge Street Inc. and 480 Yonge Street Limited Partnership (Cresford Group). Bankruptcy filings this year have already surpassed what we saw in … 1. Please see www.pwc.com/structure for further details. There has been a 39 per cent increase in the number of corporate bankruptcies in Ontario, according to the latest numbers from the Office of the Superintendent of Bankruptcy Canada. Michael Vi / Shutterstock. 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. Bankruptcy and Insolvency Records Search - The Office of the Superintendent of Bankruptcy Canada contain a nationwide database of the records of: If you need to find out whether an individual or corporation has been bankrupt in the past, a bankruptcy search will give you the answers. J. Trigger is a Waterloo, Ontario-based firearms and ammunition wholesaler. Founded: 1947 (as Popular Merchandise Inc.) Filed for bankruptcy: May 4. © 2018 - 2020 PwC. 605 5 Ave. Links Of London. The Running List Of Retail Store Closures And Bankruptcies In 2020. The pandemic recession plunged dozens of large American companies into bankruptcy this summer. The brand that … Century 21. Ocean Legacy Inc., Supreme Atlantics (2000) Ltd., and Limekiln Fisheries 2000 Ltd. Peers Foster Kristiansen Inc. and Federal Mortgage Corporation Ltd. Pike’s Recreation & Marine Inc. (“Pike’s”). Shopping Cart Software by BigCommerce, basic debtor information of all bankruptcies and proposals registered in Canada since 1978, all receiverships registered since January 1993. ANN Canada Inc. and Tween Brands Canada Stores Ltd. Athanasios Kouremenos Pharmacien Inc. & Gestion Athanasios Kouremenos Inc. Aonix Advanced Materials Corp. (the “Company”), Athabaskan Resource Company Limited Partnership. 2020 Insolvency Statistics for 2020 Insolvency Statistics in Canada—Monthly Reports. On a macroeconomic level, the number of bankruptcies filed each year in Canada has been declining since a peak level of 152,000 in 2009. TORONTO -- Home decor chain Pier 1, Carlton Cards and Forever 21 are simply the latest in a growing list of retailers closing their doors in Canada or filing for bankruptcy. Le Château Inc. and Château Stores Inc. Les entreprises commerciales Hexagone Inc. Les Industries Fermco Ltée., Les Distribution Fermco Ltée., Gestion Fermco inc., Fermco U.S. inc. Lone Pine Resources Canada Ltd. (direct and indirect wholly owned subsidiaries; Lone Pine Resources Inc., Lone Pine Resources (Holding) Inc., Wiser Delaware LLC, and Wiser Oil Delaware, LLC), Mad Catz Interactive Inc. and 1328158 Ontario Inc. o/a Mad Catz Canada (collectively the “Companies”), Marv Holland Apparel Ltd. (“Marv Holland”). Filing date: Nov. 21. January 2020; February 2020; March 2020; April 2020; May 2020; June 2020 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 … Visionwall Incorporated, Visionwall Corporation and 825764 Alberta Ltd. Voyage Vasco Saint-Eustache des Patriotes Inc. Wabush Hotel Limited, L.H. Here is a look at some of the major retail closures announced in Canada in 2020, both before and during the pandemic. ^^^Chesapeake filed on 8/21/2020 its schedules with a total of over $95B in debt, most of which is intercompany loans and therefore not included. Condominium Plan No. Guitar Center. All prices are in CAD. Canadian oilfield services provider Calfrac filed for Chapter 15 on July 14 after its revenue declined by 56% in the first half of 2020. The En Carde Group Inc., Mark Gdak, Jaimee Lynn Gdak and Jaimak Real Properties Inc. were placed into receivership on October 22, 2020, on application by ClearFlow Commercial Finance, owed approximately $48.6 million. ... one of the country's top bankruptcy firms is warning a "staggering" number of Canadians are on the brink of financial disaster. Schendel Mechanical Contracting Ltd., Schendel Management Ltd., and 687772 Alberta Ltd. Skywell Homes Ltd. and 2168601 Ontario Inc. Student Federation of the University of Ottawa Inc. Sural Laminated Products of Canada Inc. and Sural Québec Inc. syncreon Group B.V. and syncreon Automotive, Tech Link International Entertainment Limited. 923451 Ontario Limited (formerly known as Comstock Canada Ltd.), CCL Realty Inc. and CCL Equities Inc. 9342-8530 Québec inc. ( Formerly Diagnocure inc.). 'result' : 'results'}}, 33 Yorkville Residences Inc. and 33 Yorkville Residences Limited Partnership (Cresford Group), 101142701 Saskatchewan Ltd. and Cava Secreta Wines and Spirits Limited, 1721027 Ontario Inc. (o/a Becker Cogeneration Plant), 3147914 Nova Scotia Limited (Dartmouth Operations), 605673 British Columbia Ltd. dba A&J First Aid, 660748 NB Inc. (operating under the name IRM Moncton MRI), 8942595 Canada Inc. (operating as Herbal Magic Inc. effective August 1, 2014). PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. The Loder Group of Companies Ltd., 1407004 Alberta Ltd., 1624165 Alberta Ltd., 1450816 Alberta Ltd., 733856 Alberta Ltd., S A Pharmacy Ltd., Quant Sat Holdings Ltd., 1401865 Alberta Ltd., North East Pharmacy (2013) Ltd., North East Clinic (2013) Ltd., Crossroads Pharmacy (1969) Ltd., and 1441333 Alberta Ltd. Transport de matières recyclables Optimum Inc. UC Investments Inc.; Edge Marketing Inc.; 3214113 Nova Scotia Limited; UC Contract Services Inc. Vacances Sinorama Inc. - Provisional Administration, 1939243 Ontario Inc. (formerly Vari-Form Inc.). What Bankruptcy Records Exist in Canada? 8120257 o/a Hillview Park, Coopérative d’habitation Le Coin du Nord (Montréal-Nord), Coronavirus – Administrator for claims filed with the CFCTA. Tailored Brands. Sales had declined $28 million over the previous 3 years, but the recent mandatory store closures and uncertainty surrounding whether or not foot traffic will pick up at their stores after things open back up had made the trend “even worse”. A report released by Statistics Canada found one-in-five Canadian businesses had laid off more than 80 per cent of their staff. The Canadian tea retailer filed for creditor protection on July 8, 2020. The number of Canadian bankruptcies decreased by 1.1% over the same time period. Energy Bankruptcy Reports and Surveys 09/30/2020 LATEST UPDATE - September 30, 2020. Ann Taylor parent company Ascena Retail Group filed for Chapter 11 bankruptcy protection in July 2020, stating it planned to permanently close a "significant" number of Justice stores, along with certain Ann Taylor, Loft, Lane Bryant and Lou & Grey stores, and to permanently close all of its stores in Canada, Puerto Rico and Mexico. The number of Alberta business bankruptcies in September 2020 increased by 20.0% from the same period a year ago, from 10 to 12. Le Château:After 60 years … Ltd. Delphi Energy Corp. and Delphi Energy (Alberta) Limited. I also take the opportunity to thank all those that wrote to me with tips and suggestions from all over the world. Economy Landscape Contractors Ltd. and Economy Landscape Group Ltd. Bankruptcy odds: As high as 50%. Closed Wednesday Nov 11th, 2020 Low crude prices have left the U.S. oil industry has been teetering on the edge, and even more bankruptcies are on the horizon in 2020 The official bankruptcy records in Canada are compiled by the Office of the Superintendent of Bankruptcy Canada (OSB) and are public records. Grande Cache I Ltd. and All in West! Desautels Creative Printing Papers Inc., Creative International, L.L.C. Please note that information may not be available at this time for all current PwC insolvency assignments. 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