Onex Corporation (TSX: OCX) and Goldman Sachs owned business and special mission aircraft maker, Hawker Beechcraft, Inc., has, as previously speculated, filed for bankruptcy protection. Once merging from... 

Air Canada (TSX: AC.A) said it is disappointed at Aveos Fleet Performance Inc.’s decision to reject its offer of $15 million Debtor-in-Possession (DIP) financing and instead permanently cease operations. Air... 

Salamon Group Inc. (OTC BB: SLMU) announced that on Friday, March 2, 2012, Sunlogics Power Fund Management Inc., its wholly owned subsidiary, completed the court approved acquisition of the assets of ARISE... 

Prestige Telecom Inc. (TSX-V: PR) has completed the previously announced sale of substantially all of its assets to a company controlled by Thornhill Investments Inc. Thornhill has acquired from Raymond... 

Parlay Entertainment Inc. (TSX-V: PEI), a developer of online gaming technologies, announced today that its board of directors has appointed BDO Canada Limited to act as proposal Trustee in the filing... 

Nortel Networks Corporation (OTC BB: NRTLQ) said it has obtained orders from the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice approving the “stalking... 

Nortel Networks Corporation (OTC BB: NRTLQ) said the mediation process in respect of the allocation of sale proceeds of Nortel’s various business and asset divestitures and other inter-estate matters,... 

Ambrilia Biopharma Inc. (formerly TSX: AMB) said today that its board of directors has authorized the company to seek court permission to terminate Companies’ Creditors Arrangement Act (Canada) (CCAA) protection,... 

IPICO Inc. (TSX-V: RFD) reported today that the Ontario Superior Court of Justice has approved IPICO’s proposal under the Bankruptcy and Insolvency Act (Canada) (BIA). The Court authorized the implementation... 

Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) announced today that it has completed the asset purchase agreement to acquire the Multi Service Switch (MSS) business of Nortel Networks Corporation (OTC... 

IPICO Inc. (TSX-V: RFD) reported today that the Ontario Superior Court of Justice has approved the terms of the interim loan facility negotiated with Trilon Bancorp Inc., an affiliate of Brookfield Asset... 

IPICO Inc. (TSX-V: RFD) has filed a proposal to its creditors under the Bankruptcy and Insolvency Act (Canada) (BIA). Under the BIA proposal IPICO will seek approvals of its creditors and the Ontario Superior...