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Headlines
Analysis: End of De Minimis Exemption Helped Sink Luxury Retailer Ssense
The end of a duty exemption for small shipments to the United States was the last straw for Canadian luxury fashion retailer Ssense, according to a court filing in the company’s bankruptcy-protection case, Bloomberg News reported…
Debt Adviser Complaints Surge More Than 170% in Canada; Superintendent Points to Rising Awareness, Insolvencies
Complaints about debt advisers have soared more than 170 per cent, according to the Superintendent of Bankruptcy, which cites more awareness efforts alongside rising insolvencies for the increase, the Globe and Mail reported.…
Around 20% of Russian Property Developers on Verge of Bankruptcy
Nearly 20% of Russian property developers are on the brink of bankruptcy due to falling sales and high interest rates, and that figure could soon exceed 30%, Pravda.com reported. The most vulnerable are companies that build mass…
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