Pre-Construction Real Estate Deal Blow-Ups

Market Segment Review A Condo Purchaser’s Nightmare:  When Is a Proposal to Creditors a Possible Solution?­ By: Paul J. Franchi LL.B, MBA, CIRP, LIT and Jeremy Kroll, CPA, CA CIRP, LIT, Baigel Corp.­­ What, at the time of the commitment, seemed like a no-lose investment or home purchase, with a sale agreement signed (hereinafter “APS”… continue reading

Market Segment Review

­­­­­FURNITURE RETAILERS AND DECLINING ONTARIO HOME SALES By: Paul J. Franchi LL.B, MBA, CIRP, LIT Baigel Corp.­­ My November 2022 presentation on Insolvency in Scarborough, Ontario connected me with hundreds of local professionals engaged in the Furniture Distribution industry and dozens of furniture retailers. Within months, I found myself knee-deep in my first furniture retailer… continue reading

RocketFin Consulting Inc.

Engagement Status RocketFin Consulting Inc. filed an assignment in bankruptcy on November 10, 2023, and Baigel Corp., Licensed Insolvency Trustee, was appointed as trustee of the estate of the bankrupt by the Official Receiver. The first meeting of creditors will be held by videoconference on November 30, 2023, at 11:00 a.m. (Eastern time) and is… continue reading

Paul Franchi LL.B. MBA CIRP LIT joins Baigel Corp.

Baigel Corp are delighted to announce that Paul Franchi has joined the firm. Whilst Paul is a newly minted Licensed Insolvency Trustee, he also has 30+ years experience in financial analysis and advisory services. Paul will focus on assisting clients identify, consider and implement their restructuring options.

M-B Stucco Ltd.

Engagement Status On October 10, 2023, M-B Stucco Ltd. (the “Bankrupt“) was adjudged bankrupt by order (the “Bankruptcy Order“) of the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) (the “Court“), and Baigel Corp., Licensed Insolvency Trustee, was appointed as trustee of the estate of the Bankrupt. The Application for the Bankruptcy Order (Court… continue reading

Gyroscopic Inc.

Bankruptcy Gyroscopic Inc. (“Gyroscopic“) filed an assignment in bankruptcy on September 22, 2023, and Baigel Corp., Licensed Insolvency Trustee (“Baigel“), was appointed as trustee of the estate of the bankrupt by the Official Receiver. Receivership On February 26, 2024, the Ontario Superior Court of Justice (Commercial List) (the “Court“) issued an order (the “Receivership Order“)… continue reading

Baigel Corp. has joined IR Global to enhance its cross-border capabilities

Baigel Corp has been admitted as the Canadian insolvency representative of the IR Global network. IR Global is a multi-disciplinary professional services network that provides legal, accountancy, financial advice to companies and individuals around the world. Membership of IR Global will enable Baigel Corp to extend its ability to provide services on insolvency matters that have… continue reading

13272664 Canada Inc.

Engagement Status Updates On the 25th day of January 2023, 13272664 Canada Inc. (the “Company”) filed an assignment in bankruptcy and Baigel Corp. was appointed as Trustee. The Company had its head office located in Georgina, Ontario, and operated two retail franchises of Sessions Cannabis in Uxbridge, Ontario and Kingston, Ontario. The first meeting of… continue reading

Welcome to the Baigel Corp. Euro 2020 Pool in 2021

It is late notice, but not as late as the Euros 2020 which are about to start this week in 2021. This football aka soccer tournament is the second greatest sports competition in the world. Unfortunately, due to the current viral restrictions, none of us will be able to travel around Europe to watch the… continue reading