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insolvency
Business, Consumer Insolvencies Rise in December as Higher Rates Bite
Business insolvencies rose 57.2 percent in December compared with a year earlier, according to the Office of the Superintendent of Bankruptcy. For the entire year, business insolvencies were up 41.4 ...
February 2, 2024
BY
The Canadian Press
Number of Companies Going Bust at Record High: Insolvency Service
Businesses across the country have been hit by high cost of utilities, labour, and tax, as well as ...
January 31, 2024
BY
Evgenia Filimianova
Bad Boy Furniture Warehouse Fails to File Proposal, Is Deemed Bankrupt
Toronto-area furniture retailer Bad Boy Furniture Warehouse Ltd. is officially bankrupt. In November, the company filed a notice ...
January 25, 2024
BY
The Canadian Press
More Big Companies Set to Collapse in 2024, Industry Experts Warn
Insolvency experts predict a surge in business failures in 2024, citing the 'double whammy' of high borrowing costs ...
January 1, 2024
BY
PA Media
Alarming Insolvency Storm Sweeps Through Australian Business Community
Australian businesses are facing greater insolvency risks as tax regulators and creditors speed up their debt collections. According ...
August 11, 2023
BY
Alfred Bui
Food and Beverage Sector Faces Highest Risks of Insolvency: Warns CreditWatch
One of Australia’s top commercial credit reporting bureaus warns that the country's food and beverage sector is set ...
June 23, 2023
BY
Sophia Jiang
Bed Bath & Beyond Leaving Canada, 1,400 Jobs Lost
Bed Bath & Beyond will be closing all of its stores in Canada as the retail chain has ...
February 21, 2023
BY
Tara MacIsaac
Canadians’ Finances Shaken by Inflation and Rate Hikes: Insolvency Firm
Canadians are less prepared to buffer financial shocks as they spend more towards food, clothes, and shelter, says ...
October 4, 2022
BY
Noé Chartier
Nearly One-in-Five Canadian Small Businesses on the Verge of Bankruptcy: CFIB Survey
Nearly one-in-five small business owners are preparing to permanently close under the pressure of pandemic-related debts, lagging revenue, and ...
August 22, 2022
BY
Andrew Chen
US Social Security and Medicare Approach Insolvency, Warns Trustees
Both Social Security and Medicare programs are heading towards insolvency in the coming years, according to annual reports ...
June 3, 2022
BY
Naveen Athrappully
Australian Construction Insolvencies on Track to Surge Amid Costs Spike
One of Queensland’s major building companies BA Murphy Constructions, has been put into liquidation just before Christmas, adding ...
December 26, 2021
BY
Sophia Jiang
Europe’s Debt Cancellation Would Mean Recognition of Insolvency
Commentary More than 100 economists, led by French economist Thomas Piketty—the creator of some of the most absurd ...
February 7, 2021
BY
Daniel Lacalle
Laurentian’s Financial Woes Are a Warning to All Canadian Universities
Commentary If you want stability, a university is one of your best bets. Some of Canada’s oldest universities ...
February 6, 2021
BY
Michael Zwaagstra
TOP NEWS
The New Cholesterol Pill Isn’t for Everyone. Here’s How to Tell.
NEW
By
Sheramy Tsai
Senate Panel Advances Bill to Make Hospitals Compete on Price
1hr
By
Lawrence Wilson
House Adopts Budget Blueprint for $95 Billion Reconciliation Package
2hr
By
Jackson Richman
House Passes Congressional Stock Trading Ban
2hr
By
Jackson Richman
and
Nathan Worcester
US Signs Nuclear Cooperation Deal With Saudi Arabia
2hr
By
Emel Akan
House Passes Defense Policy Bill That Attaches SAVE America Act
2hr
By
Jackson Richman
Allergy Medication Recalled Over Possible ‘Life-Threatening’ Risks
3hr
By
Jack Phillips
US, Ukraine Sign Agreement for Drone Testing
3hr
By
Jill McLaughlin
White House Says NJ Noncitizen Voter Error Suggests Need for SAVE America Act
3hr
By
Jack Phillips
Doctor Urges Medical Community to Take Action Against China’s Forced Organ Harvesting
4hr
By
Frank Fang