Proceedings taken under the CCAA allow an organization to restructure in an effort to become sustainable over the long term. For details about a particular record, click on the company name. Sudbury’s Laurentian University has filed for creditor protection under the Companies’ Creditors Arrangement Act.. On February 1, 2021, Laurentian University in Sudbury, Ontario, announced that it was filing for creditor protection under the Companies’ Creditors Arrangement Act (CCAA). “Laurentian will keep all stakeholders apprised of additional information and developments throughout the CCAA proceeding,” a spokesperson for Laurentian University tells TVO.org via email. Laurentian University Faculty Association FAQ on the CCAA Insolvency Proceedings of Laurentian University Posted on 2021-02-17 2021-02-17 Author communication.lufappul The school had been experiencing financial challenges in recent years, reporting $10.6 million in debt for the 2020-2021 year. Recurring deficits, declining northern Ontario demographics and the costs and revenue impacts associated with the Covid-19 pandemic have led Laurentian University in Sudbury towards a filing for creditor protection.. It faces the likelihood of massive program cuts and job losses. Posted in Main Postings By wlufa Posted on February 2, 2021 February 2, 2021. Laurentian University is broke and has been for some time. The Sudbury-based university is filing for court protection under the Companies’ Creditors Arrangement Act (CCAA) to address significant financial challenges. Article content. Laurentian University has filed for creditor protection amid what its president calls "unprecedented financial challenges." ... (CCAA… Credit: Laurentian University. Reuben Roth is a labour studies and sociology professor at Laurentian. (File) Laurentian University announced Monday that it will be axing 58 undergraduate and 11 graduate programs as it restructures amid insolvency. Laurentian University. Laurentian logo. Dear colleagues, I am reaching out to you today about the news that Laurentian University has filed for court protection under the Companies’ Creditors Arrangement due to financial challenges it is facing. Laurentian University has filed for court protection under the Companies' Creditors Arrangement Act (CCAA) to address the significant financial challenges they … On Feb. 11, Ontario Superior Court Justice Geoffrey Morawetz endorsed the school’s CCAA filing, giving Laurentian the go-ahead to borrow $25 million in … Laurentian filing for CCAA. records list. Below is a list of all companies that have been granted protection under the Companies' Creditors Arrangement Act (CCAA) since September 18, 2009.The CCAA is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. Laurentian University. 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