The Bankruptcy, Insolvency & Restructuring team acted for the Monitor in the successful CCAA proceedings a distressed oil and gas company in Ontario.

Successful Conclusion to Oil & Gas CCAA Proceedings.

The Bankruptcy, Insolvency & Restructuring team acted for the Monitor in the successful CCAA proceedings a distressed oil and gas company in Ontario.  The business was sold through the CCAA process, by way of reverse vesting order, which say the purchase not only carry on the business but take on the responsibility of all environmental obligations – including remediation requirements – going forward.  Loopstra Nixon is proud to help facilitate this win, not only for the purchaser but also for the environment.