bankruptcy – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Sears Canada retirees’ group says bankruptcy laws unjust for pensioners https://uat-cumulus.benefitscanada.com/pensions/governance-law/sears-canada-retirees-group-says-bankruptcy-laws-unjust-for-pensioners/ Thu, 10 Jun 2021 13:30:26 +0000 https://www.benefitscanada.com/?p=101844 Canada’s bankruptcy laws should be changed to avoid future financial hardship for members of other underfunded pension plans, said a court-appointed representative for Sears Canada retirees. Kenneth Eady, a former Sears Canada management employee who now represents 17,000 other pensioners, told MPs on Tuesday that he doesn’t believe it’s fair that Canada’s two bankruptcy laws give banks more protection […]

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]]> Dividend payments, pension deficits among topics in new government consultation https://uat-cumulus.benefitscanada.com/canadian-investment-review/public-equities/dividend-payments-pension-deficits-among-topics-in-new-government-consultation/ Wed, 28 Nov 2018 05:11:39 +0000 https://cumulus.benefitscanada.com/uncategorized/dividend-payments-pension-deficits-among-topics-in-new-government-consultation/ The federal government is asking Canadians to weigh in on a consultation paper that tackles issues related to underfunding, insolvency and pension plans. The topics open for comment include that dividend payments, share redemptions and executive compensation packages could be restricted under the Canada Business Corporations Act if a company has a large pension deficit. […]

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]]> Union optimistic U.S. Steel agreement could lead to ‘good final deal’ for retirees https://uat-cumulus.benefitscanada.com/benefits/benefits-law/u-s-steel-canada-acquisition-proposal-will-protect-pensions-and-post-retirement-benefits/ Thu, 22 Sep 2016 05:25:35 +0000 https://cumulus.benefitscanada.com/uncategorized/u-s-steel-canada-acquisition-proposal-will-protect-pensions-and-post-retirement-benefits/ The union representing workers at U.S. Steel Canada Inc. is cautiously optimistic a proposed acquisition of the company by a U.S.-based holding company will lead to a “good final deal” for retirees at the struggling steelmaker. “We have been in discussions for quite some time with the province and various potential buyers about a restructuring […]

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]]> Bankruptcy Expert Talks Conditions and Distressed Investing https://uat-cumulus.benefitscanada.com/canadian-investment-review/cir-news/bankruptcy-expert-talks-conditions-and-distressed-investing/ Tue, 09 Mar 2010 07:00:53 +0000 https://cumulus.benefitscanada.com/uncategorized/bankruptcy-expert-talks-conditions-and-distressed-investing/ $1 trillion in US distressed debt and close to 18% unemployment rate.

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