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Newspaper publisher Metroland offers creditors 13 cents on the dollar for $70-million debt

Deadline for Laurentian to complete insolvency process extended to Jan 31

Deadline for Laurentian to complete insolvency process extended to Jan 31
northernontario.ctvnews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northernontario.ctvnews.ca Daily Mail and Mail on Sunday newspapers.

Laurentian created a manufactured crisis to cut ties with 3 schools for $10M loan, court told

Laurentian created manufactured crisis to cut ties with 3 schools for $10M loan, lawyer argues Laurentian University s attempts to cut ties with three federated schools, on the road to getting a $10-million loan to help it continue with restructuring for survival, was met with heated opposition and accusations in Ontario Superior Court on Thursday. Social Sharing CBC News · Posted: Apr 29, 2021 9:18 PM ET | Last Updated: April 30 Laurentian University has been going though unprecedented restructuring in the wake of declaring financial insolvency on Feb. 1. The Sudbury school is currently under creditor protection, and was in Ontario Superior Court on Thursday seeking approval to move forward with its financial plan.(Yvon Theriault/Radio-Canada)

Laurentian, Thorneloe remain at loggerheads

Lawyer for Thorneloe says university will go bankrupt without its federation agreement with Laurentian Author of the article: Harold Carmichael Publishing date: Apr 30, 2021  •  4 hours ago  •  7 minute read  •  Article content A court-ordered April 30 deadline for Laurentian Univesity to have a restructuring plan in place to resolve its insolvency situation has been moved back. Superior Court Justice Geoffrey Morawetz announced Thursday following a full-day virtual hearing on two motions that he will have his rulings ready by 11 p.m. since they pertained to the Companies’ Creditors Arrangement Act. We apologize, but this video has failed to load. Try refreshing your browser. Laurentian, Thorneloe remain at loggerheads Back to video

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