- The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. CCAA proceedings are carried out under supervision of the courts.
- North American Industry Classification System (NAICS)
- The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production- oriented economic concept
|Date of Proceedings||Company Name||Province||Sector||Monitor||Liabilities (in millions)|
|2022-03-25||Eve & Co Incorporated, Natural Medco Ltd. and Eve and Co International Holdings Ltd||Ontario||Agriculture, forestry, fishing and hunting||BDO Canada Limited||$29|
|2022-03-11||Canada Fluorspar (NL)Inc., Canada Fluorspar Inc. and Newspar (a General Partnership)||Newfoundland and Labrador||Mining, quarrying, and oil and gas extraction||Grant Thornton Limited||$127|
|2022-02-23||Trinity Ravine Community Inc||Ontario||Real estate and rental and leasing||Deloitte Restructuring Inc.||$29|
|2022-01-06||Rising Phoenix International Inc |
10864285 Canada Inc. (M College of Canada)
11753436 Canada Inc.
Cdsq Immobilier Inc.
Collège De L'estrie Inc.
École D'administration Et De Secrétariat De La Rive Sud Inc.
9437-6845 Québec Inc.
9437-6852 Québec Inc.
|Quebec||Educational services||Richter Advisory Group Inc.||$22|
For more information, see Table 10: Total CCAA Proceedings by Province in Insolvency statistics in Canada—First Quarter 2022.
For more information, see Table 11: CCAA Proceedings by NAICS Sectors in Insolvency statistics in Canada—First Quarter 2022.
|Company Name||Sector||Monitor||Outcome||Duration of the Proceeding (in days)||Liabilities (in millions)|
|The King Street Hospitality Group Inc||Accommodation and food services||MNP Ltd.||Taken up under BIA||259||$45|
|IEC Ltd.||Real estate and rental and leasing Real estate and rental and leasing||BDO Canada Limited||Terminated - no compromise or arrangement sanctioned by the court||10||$849|
|Stornoway Diamond Corporation||Mining, quarrying, and oil and gas extraction||Deloitte Restructuring Inc||Concluded - compromise or arrangement completed||58||$723|
|Ascent Industries Corp.||Manufacturing||Ernst & Young Inc.||Concluded - compromise or arrangement completed||447||$11|
|Elcano Exploration Inc.||Mining, quarrying, and oil and gas extraction||BDO Canada Limited||Concluded - compromise or arrangement completed||162||$18|
|Quattro Exploration and Production Ltd.||Mining, quarrying, and oil and gas extraction||BDO Canada Limited||Taken up under BIA||147||$50|
|Carmen International Inc.||Manufacturing||Litwin Boyadjian Inc.||Taken up under BIA||1,994||$55|
|Minéraux Maudore Ltée||Mining, quarrying, and oil and gas extraction||Deloitte Restructuring Inc||Taken up under BIA||444||$31|
|Lutheran Church-Canada||Other services (except public administration)||Deloitte Restructuring Inc||Concluded - compromise or arrangement completed||2,538||$280|
|Metcalfe & Mansfield Alternative Investments vii corp. In its capacity as issuer trustee of The Devonshire Trust||Finance and insurance||Deloitte Restructuring Inc||Concluded - compromise or arrangement completed||2,081||$767|
|Fairwest Energy Corporation||Mining, quarrying, and oil and gas extraction||Pricewaterhousecoopers Inc.||Terminated - no compromise or arrangement sanctioned by the court||3,235||$26|
|AAER Inc.||Manufacturing||Deloitte Restructuring Inc||Concluded - compromise or arrangement completed||2,218||$14|