Appearing in the
Financial Post, Jim Middlemiss's article, “Alberta Law Firms Look for Insolvency Talent,” details the surge in Alberta insolvency practice hires as a result of energy sector insolvencies. Chris Simard is quoted saying, “We expect a large wave of insolvencies this year. We expect to see more [creditor protection] filings and more creditors attempting to take steps [to collect on debt owed.]” Simard also comments on the potential for an increase of insolvency work as loan covenants could be breached by new pricing realities.