creditor protection

A Canadian court has cleared the reorganization plan of Red Lobster that will see the seafood chain exit bankruptcy.  Justice Peter Cavanagh of the Superior Court of Justice in Toronto on Tuesday granted an order that recognizes and gives force to the plan approved by a U.S. bankruptcy judge last week. The future of the […]

  Morris industries has been granted financial protection from its creditors by a Saskatoon judge. According to court documents, the company applied for protection under the Companies’ Creditors Arrangement Act while it undertakes a restructuring plan. According to the application, Morris is seeking 3 million dollars for its restructuring plan and hopes to weather the […]