LWP Capital Inc. Announces a Second Interim Distribution to Shareholders as Part of its Liquidation Proceedings – Canada NewsWire (press release)

Liquidation

Only Record Date holders will be entitled to receive the Second Interim Distribution, and the aggregate amount of the Second Interim Distribution is expected to total approximately $10.1 million, leaving a balance of approximately $2.5 million in the Liquidator’s trust account.  These funds, net of costs, will be distributed in the coming months as a final…

Yorkshire Meatball Company enter liquidation – Harrogate Informer (press release)

Liquidation

Spread the news! The Yorkshire Meatball Company has entered liquidation. (Company number 08578499) The business was set-up and run by David and Gareth Atkinson, father and son. They closed the Harrogate Restaurant in October 2016, after crowdfunding  £123,290 earlier the same year. There were was a further restaurant in York and they initially sold…

Sears Canada creditor process biased toward liquidation, says former exec – CBC.ca

Liquidation

Sears Canada’s former executive chairman defended his plan to turn around the embattled retailer, and said his bid to buy the company and save it from liquidation was hampered by a creditor protection process biased towards liquidation. Brandon Stranzl, speaking publicly for the first time since the retailer began a full liquidation of its remaining…

These stocks could feel the fallout from Sears Canada’s demise – Financial Post

Liquidation

The end of Sears Canada Inc. has put several other companies on the spot. Liquidation sales at Sears remaining Canadian stores began last week, after an Ontario Superior Court judge gave the go-ahead earlier this month. But the 65-year-old retailers passing leaves behind questions for companies it did business with and competed against. Those questions…