Insolvency Insider provides the following analysis of the 51 insolvency filings highlighted in Q1 2021:
- Oil and gas led all industries with 8 filings mentioned, followed by construction with 6 filings and real estate and manufacturing with 5 filings each.
- 24 filings mentioned were in Ontario, followed by 11 in Alberta and 7 in Quebec.
- 11 CCAA filings were mentioned. EY and FTI had 2 appointments each as monitor and several other firms had one appointment each (Alvarez & Marsal, BDO, KSV, MNP, PwC, Grant Thornton/Raymond Chabot and SLF).
- Stikeman Elliott was engaged as company counsel in 2 of these CCAA proceedings, followed by several other firms with one engagement each (Bennett Jones, BLG, Goodmans, McCarthy Tétrault, MLT Aikins, Aird & Berlis, Osler, TGF and Woods).
A summary of insolvency filings from 2020 can be found here.
About Insolvency Insider
Insolvency Insider, founded by Henry Louis, is a digital media company focused on the insolvency and restructuring industry in Canada. The platform provides information and coverage of the latest insolvency filings, court cases, news and more.