Tag Archives: CCAA

Hurray, More Time to Restructure!

By Mark Evans | Published: January 22, 2010

For anyone wondering how much longer Nortel could stay in bankruptcy protection, you’ll be happy to hear that it’s going to last at least another three months. Nortel and its other Canadian subsidiaries have received an extension until April 23 from the Ontario Superior Court of Justice for creditor protection under the Companies’ Creditors Arrangement [...]

Posted in Financials | Also tagged bankruptcy, Nortel | 118 Comments

Can A New Nortel Still Emerge?

By Mark Evans | Published: July 31, 2009

Nortel has received approval from a Canadian court to extend its protection from creditors under the terms of the Companies’ Creditors Arrangement Act (CCAA) to Oct. 30, 2009. In a press release, the company said: “The purpose of the stay of proceedings is to allow the Nortel companies to continue to advance in discussions with [...]