Stay informed on the latest business and legal insights and events.
Alberta Law Firms Stock Up on Insolvency Experts
May 20, 2009
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.