The Laurentian University of the future is under discussion as it reaches the first anniversary of exiting creditor protection- the only publicly funded post-secondary institution in Canada to ever seek insolvency under federal bankruptcy law.
The federal government plans to amend legislation to exclude post-secondary institutions from becoming the subject of insolvency proceedings, according to an update in the fall economic statement.
Staff and faculty members at Laurentian will be able to sign up for some online mental health sessions to help them deal with trauma and loss as the university recovers from its past insolvency.
After emerging from creditor protection earlier this year, Laurentian University says it will have an $8.2 million budget surplus for the 2023-2024 fiscal year.