Canada

http://blogs.wsj.com/moneybeat/2013/06/04/financo-to-sell-canadas-west-49-for-billabong/?mod=WSJBlog Financo to Sell Canada’s West 49 for Billabong Jun 4, 2013 | By Gillian Tan The Wall Street Journal reports Tuesday that New York-based boutique investment bank Financo has been appointed to sell youth apparel retailer West 49 for Australia’s Billabong International Ltd. BBG.AU -44.62% It comes as Billabong said takeover talks with separate… Continue Reading

http://www.newswire.ca/en/story/1177043/united-protection-files-notice-of-intention-to-make-a-proposal United Protection files Notice of Intention to make a Proposal June 3, 2013 5:32 PM EDMONTON, June 3, 2013 /CNW/ – United Protection Security Group Inc. (the “Company”) has claimed protection under Canadian federal legislation respecting insolvencies.  Following the decision of the Company’s Board of Directors, a formal Notice of Intention was filed on… Continue Reading

http://www.lexology.com/library/detail.aspx?g=6064b324-ec76-4a42-b7ee-091fdc0b7436&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2013-06-04&utm_term= Relevant factors when considering an application to appoint a receiver May 27 2013 In Kasten Energy Inc. v. Shamrock Oil & Gas Ltd., 2013 ABQB 63, the Alberta Court of Queen’s Bench considered the application of Kasten Energy Inc. (“Kasten”) to appoint a receiver over all of the assets and undertakings of Shamrock Oil… Continue Reading

http://www.bankruptcy-canada.ca/bankruptcy/2013/06/shared-title-to-a-property.html Shared title to a property Sunday, June 2, 2013 Question Asked… If a property has multiple equal share owners and one owner is declaring bankruptcy how does this affect the other owners of the property? Does the property have to be sold? Is the property lost to the other owners? 1 Expert Comment: When… Continue Reading

http://www.bankruptcy-canada.ca/consumer-proposals/2013/06/consumer-proposal-tax-implications.html Consumer proposal tax implications Sunday, June 2, 2013 Question Asked… What are the implications on your income taxes when you file a consumer proposal? 1 Expert Comment: Any taxes that you owe, as at the date you file a consumer proposal are a debt that will be dealt with as part of the proposal.… Continue Reading

http://www.bankruptcy-canada.ca/divorce-and-separation/2013/06/filing-bankruptcy-during-a-family-court-case.html Filing bankruptcy during a family court case Sunday, June 2, 2013 Question Asked… My husband and I are separtated and there is an ongoing family court case in the courts, can he file for bankruptcy during this period? 1 Expert Comment: Yes, he can. If your matter has already started in Family Court then… Continue Reading

http://www.bankruptcy-canada.ca/bankruptcy/2013/05/selling-property-to-family.html Selling property to family Friday, May 31, 2013 Question Asked… I co-own a cottage with a family member and am considering bankruptcy or a consumer proposal. Can I sell the rest of the cottage to a family member? IF I declare bankruptcy, how can the trustees sell half of a cottage? Would my family… Continue Reading

http://www.bankruptcy-canada.ca/bankruptcy/2013/05/mental-illness-and-bankruptcy.html Mental Illness and Bankruptcy Thursday, May 30, 2013 Question Asked… My friend is now hospitalized in a mental illness facility. He has been there for over a month and his mental health is still deteriorating. His troubles started with divorce proceedings , started over a year ago but now put on hold; he stands… Continue Reading

http://www.bankruptcy-canada.ca/divorce-and-separation/2013/05/debt-settlement-13.html Debt Settlement Thursday, May 30, 2013 Question Asked… My wife and I are separated and I am thinking of filing for Bankruptcy. If I file, can I declare all of the debt that has been accumulated durning the time of my marriage or does my wife have to file for Bankruptcy as well? 1… Continue Reading

http://www.newswire.ca/en/story/1174819/landdrill-international-inc-petitioned-into-bankruptcy Landdrill International Inc. petitioned into bankruptcy May 30, 2013 MONCTON, NB, May 30, 2013 /CNW/ – Landdrill International Inc. (the “Company“) (TSXV: LDI) announces that it has been petitioned into bankruptcy by its secured creditor Norrep Credit Opportunities Fund, LP, and has been declared bankrupt as of May 30th, 2013 pursuant to the Bankruptcy… Continue Reading