09-23-2023, 06:12 AM
(09-22-2023, 07:55 PM)nms Wrote: As far as bankruptcy goes, various other organizations or companies have gone bankrupt (or something similar) and come out the other side with the same name and carried on.
I guess that in Canada "bankruptcy" doesn't mean the same thing as the US "Chapter 11 bankruptcy" where you get protection from creditors while you restructure (vs "Chapter 7" where you liquidate). Seems like we have CCAA for debts > $5M and a Division 1 Proposal for other cases, but they didn't say that. Someone could start a new KWS after this one liquidates though...

