in the matter of the bankruptcy and insolvency act, r.s.c. When businesses or consumers cannot pay their debts, they may file for bankruptcy or make a proposal (a payment arrangement with their creditors for a percentage of their debts value). October 2020 The Archives of Ontario holds the court proceeding files for personal and corporate bankruptcies from 1990 and before. in the matter of the bankruptcy and . Below is a list of all companies that have been granted protection … records list. 2020 has been a hectic year for retail bankruptcies. Bankruptcies in Canada decreased to 165 Companies in November from 178 Companies in October of 2020. The official bankruptcy records in Canada are compiled by the Office of the Superintendent of Bankruptcy Canada (OSB) and are public records. Colin D'Mello 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. 09-toronto court no. doctor accused of failing to disclose contact with U.K. traveller removed from LTC home medical team, Ford offers glimmer of hope in COVID-19 numbers, Delay in COVID-19 vaccines at long-term care home, CTV News Toronto at Six for Friday, January 22, 2021, 9-year-old violinist rubs elbow with professionals, How will the COVID-19 vaccine delay impact Ontario, Toronto teen sweethearts open chocolate business, Canadians told to stay in their home province and cancel all travel plans, Wave of consumer demand may cause boat shortage in 2021, Business is blooming at flower shops amid pandemic, retailers say, Vehicle prices in Canada hit all-time high with average topping $40,000, New Ontario law will allow only 60 days for possible slip and fall claim. Popular Etobicoke bakery closes for two weeks after employees test positive for COVID-19, More than 100 Canada Post employees at Mississauga, Ont. The running list of 2020 retail bankruptcies The pandemic ushered in a wave of major bankruptcies — 29 since the start of the year — as retailers struggled to … commercial list . facility test positive for COVID-19, Toronto Mayor John Tory speaks to Pfizer about improving COVID-19 vaccine production, Metrolinx to replace some GO trains with buses and reduce UP service as ridership plummets, Ontario discovers 76 violations during safety blitz of big-box stores, expands list of workplaces to be targeted, Halton police board won't take disciplinary action against chief over trip to Florida, Quebec researchers say they have found an effective drug to fight COVID-19, At least 1 in 3 COVID-19 infections are asymptomatic, study suggests, O'Toole defends decision to oust controversial MP Derek Sloan, Supporters' words may haunt Trump at impeachment trial, Ottawa-based Spartan Bioscience says rapid COVID-19 test approved by Health Canada, Dramatic bodycam footage of woman and dog saved from ice, The science behind the magic that made these robots dance, Death on the Lake: A woman's death raises dark suspicions, Scott Reid: 'Episode of enormous disgrace', Police rescue woman and dog from icy waters, Ontario premier offers to drive to U.S. himself to pick up more COVID-19 vaccines, Instagram-famous Toronto pug receives more than $30,000 in donations following hospitalization, 'Super Sophia' releases her first song to inspire kids and help fund 'Love Boxes', Ontario man’s ‘Paint with Jeff’ goes viral on TikTok, helps special needs community, Here's where you can go skating in Toronto amid the COVID-19 pandemic. For Alberta, the number of filings also may reflect the economic downturn the province has experienced not only due to COVID but also to lower oil prices. Ontario barbershop reopens despite provincial lockdown using loophole, Schools in 7 southern Ontario regions will reopen Monday, rest will remain closed, How to check if your Toronto grocery store has a case of COVID-19, Parents of Ontario secondary students can now apply for their $200 payment. demand justice after SIU clears officer in killing of Jamal Francique, Police arrest 10 people after anti-lockdown protests in downtown Toronto, COVID-19 outbreak at Milton jail prompts new admissions to be diverted to other facilities: solicitor general, Ont. It operates some 500 company-owned and franchised restaurants. Business: Any commercial entity or organization other than an individual, or an individual who has incurred 50% or more of total liabilities as a result of operating a business. January 2020, Insolvency Statistics in Canada (open data). Delaware was the second most popular jurisdiction with six filings in 2020. North American Industry Classification System (NAICS): System that classifies economic units that have similar production processes in the same industry. The vast majority of filings in 2020 were in Ontario most likely because many of the companies are headquartered in that province. Thousands of small businesses across Ontario are considering bankruptcy as they sit on the sidelines of the COVID-19 economic recovery, according to an advocate for independent business owners. wfk:00020821.2. court file no. More News: January Announced U.S. Biden pulls Keystone Line's Permits - Layoffs to begin. Bankruptcy filings this year have already surpassed what we … Coronavirus vaccine tracker: How many people in Canada have received shots? Published Sunday, June 14, 2020 2:47PM EDT Last Updated Friday, October 23, 2020 4:44PM EDT SHARE TORONTO -- The Canadian retail sector was … Corporation: A commercial entity or organization. in the matter of the notice of intention to make a proposal of muskoka grown limited, a corporation incorporated under the laws of ontario . Bankruptcies in Canada averaged 362.22 Companies from 2004 until 2020, reaching an all time high of 872 Companies in March of 2004 and a record low of 108 Companies in April of 2020. Here's how, Use of this Website assumes acceptance of Terms & Conditions and Privacy Policy, Queen's Park Bureau Chief and Videojournalist, CTV News Toronto, Published Friday, July 3, 2020 3:15PM EDT, Last Updated Friday, July 3, 2020 6:31PM EDT, 350 Canada Post employees at Mississauga, Ont. The bankruptcy surplus income limits for 2020 may look complicated, but the math is relatively simple. "Businesses need to start making revenue again, otherwise they're just not going to survive" said Ryan Mallough, CFIB's Director of Provincial Affairs for Ontario. Below are the 10 biggest retail bankruptcies of 2020, listed by asset sizes and liabilities at the time of their filings. The previous year saw a number of well-known national and regional retailers file for both Chapter 7 and Chapter 11 bankruptcy. 31-2693995 ontario superior court of justice (commercial list) in bankruptcy and insolvency the honourable mr. justice cavanagh ) ) ) wednesday, the 2nd day of december, 2020 in the matter of the bankruptcy of haggar canada direct co. order 31-2639875 estate no. While Premier Doug Ford has said he has been lobbied by a number of sectors to reopen the rest of the economy, his government wants to move "cautiously" and ensure that the new COVID-19 case numbers are as low as possible. ontario superior court of justice (in bankruptcy and insolvency) commercial list . • 2020 saw an increase in billion-dollar bankruptcies. 2016 to 46% in 2020. These are legal proceedings carried out under the Bankruptcy and Insolvency Act, and must be registered with the Office of the Superintendent of Bankruptcy Canada.. 31-2693995 ontario superior court of justice (commercial list) in bankruptcy and insolvency the honourable mr. justice cavanagh ) ) ) wednesday, the 2nd day of december, 2020 in the matter of the bankruptcy of haggar canada direct co. order This is a supply-based or production-oriented economic concept. A proposal is a formal agreement under the Bankruptcy and Insolvency Act. "Even having a fantastic summer, a fantastic fall, or even a fantastic winter, you still lost a quarter of your year at near zero revenue. View Case Details 32-2670414 Estate No. Bankruptcy Records in Canada: Who Will Know? We don't want that happening up here.". District of Ontario Division No. The company will look to reduce debt and re-emerge from bankruptcy. in the matter of the bankruptcy and insolvency act, r.s.c. 2019 and 2020 closings: 3 This seafood restaurant chain, which first opened in Houston in 1991, shrank by over a third when 41 locations abruptly went out of business in 2017. January 21 , 2021. And more have closed since then, including restaurants in California, Texas and South Carolina last year. - 5,718. 32-2670414 ONTARIO SUPERIOR COURT OF JUSTICE IN BANKRUPTCY AND INSOLVENCY AND IN THE MATTER OF THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF GEOX CANADA INC., OF THE CITY OF MISSISSAUGA, IN THE PROVINCE OF ONTARIO SERVICE LIST (as of October 29, 2020) GENERAL Although residents of Ontario have traditionally been less willing to take on consumer debt than residents of the United States, that does not mean that they have avoided consumer debt entirely. Fourteen cases were filed in 2020 compared to … Updated on 11/10/2020 at 3 p.m. ... Companies that file Chapter 11 bankruptcy negotiate with creditors to restructure debt terms. Schwartz Levitsky Feldman is the bankruptcy trustee. The Ira Smith Team is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a … Mallough said businesses such as movie theatres, gyms, fitness studios and yoga studios as well as restaurants that are restricted to patio-dining have been struggling as they wait for the province to enter the third and final stage of the economic revival plan. Layoff Total (Est.) Proposal: An offer to creditors to settle debts under conditions other than the existing terms. For context, NRN reported on nine bankruptcies in all of 2019. commercial list . applicant . TORONTO -- This list may not reflect recent changes (). • Texas accounted for 67% of the total producer filings in 2020, with 31 in total. For context, NRN reported on nine bankruptcies in all of 2019. "The prolonged and unexpected closures of our stores in response to COVID-19 has had severe consequences on our business," says CEO Steve Becker, in a news release. Stores closing in 2020: Up to 1,200. in the matter of the notice of intention to make a proposal of muskoka grown limited, a corporation incorporated under the laws of ontario . ontario superior court of justice (commercial list) (in bankruptcy and insolvency) the honourable justice conway ) ) ) wednesday, the 17th day of june, 2020 in the matter of the bankruptcy and insolvency act, r.s.c. Those excellent months are maybe going to help you break even, but not necessarily get ahead.". 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. applicant . 9 - Mississauga Court No. ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST) IN BANKRUPTCY AND INSOLVENCY IN THE MATTER OF THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF YUAN HUA (MIKE) WANG, OF THE CITY OF MARKHAM, ... 2020, including … When asked for a specific timeline on stage three, however, Ford said he couldn't provide an exact date but said the government's Jobs and Recovery Committee -- led by Finance Minister Rod Phillips -- was examining options and dates. What Bankruptcy Records Exist in Canada? Your car knows a lot about you. 9 - Mississauga Court No. 31-2693995 estate no. 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. UPDATED (31/12/20) - The 2020 airline bankruptcy list now closed Given the raging popularity of the 2019 list of airline bankruptcies , I have resolved to continue the work into 2020. Bankruptcies of all types were down 46.7 per cent in Q3 2020 compared with Q3 2019, and proposals were down 35.4 per cent. (commercial list) (in bankruptcy and insolvency) in the matter of the notice of intention to make a proposal of kmw energy inc. of the city of london, in the province of ontario second report to the court submitted by mnp ltd., in its capacity as trustee under the notice of intention to make a proposal of kmw energy inc. june 18, 2020 09-toronto court no. The Canadian Federation of Independent Business (CFIB) surveyed small and medium sized businesses and found that 16 per cent say they are on the verge of closing their doors permanently as a result of the pandemic-induced shut down of the economy. Instacart - 1,900. 32-2670414 ONTARIO SUPERIOR COURT OF JUSTICE IN BANKRUPTCY AND INSOLVENCY AND IN THE MATTER OF THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF GEOX CANADA INC., OF THE CITY OF MISSISSAUGA, IN THE PROVINCE OF ONTARIO SERVICE LIST (as of October 29, 2020… 32-2670414 Estate No. 31-2693995 estate no. Many people, of course, use credit cards, car loans, installment loans, and other forms of consumer credit to make large purchases now instead of saving up and paying off their purchases all at once.Default rates on such consumer debt remain low throughout Ontario and the rest of Canada. Proposals were a much more popular option for businesses and consumers, with almost twice as many filed in Q3 as bankruptcies (13,668 versus 7,667). TC Energy - 1,000 Construction Jobs due to Keystone XL Halted. Consumer: An individual with more than 50% of total liabilities related to consumer goods and services. Office of the Superintendent of Bankruptcy Canada, Table 3: Insolvencies Filed by Businesses, Table 3a: Insolvencies Filed by Corporations, Table 3b: Insolvencies Filed by Individual Businesses. If you are a family of two (such as a single parent with one child) and you earn $3,193 after tax each month, you are $400 over the limit for a family of two of $2,793, so you are required to make a surplus income payment of half of the amount you are over, or $200 per month. 1.2(1) Here are the major companies with at least 500 employees that have filed for bankruptcy in 2020. This page provides - Canada Bankruptcies - actual values, historical data, … Mr. Manjoo Logistics Ltd., a Hamilton, Ontario-based company, filed for bankruptcy on December 21, 2020, listing approximately $99.6 thousand in liabilities and $26.0 thousand in assets. district of ontario division no. facility sent home to self-isolate as cases continue to rise, Fewer than 2,400 new COVID-19 cases reported in Ontario, another 52 deaths logged, Protesters in Mississauga, Ont. Quarterly and annual statistics can be more indicative of the evolution of insolvency volume. I also take the opportunity to thank all those that wrote to me with tips and suggestions from all over the world. Individual Business: An individual who has incurred 50% or more of total liabilities as a result of operating a business. 3 February Report, para. 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