Restructuring & Insolvency

We guide creditors, debtors, investors, and court officers through complex restructurings and insolvencies in Canada and across borders, delivering practical, timely, and creative solutions.
Key Contact
Meyer Kelsey
Building facade

Overview

Bennett Jones has one of the largest, most experienced and most active restructuring and insolvency practices in Canada. Our practice covers the entire range of insolvency and restructuring, regularly acting not only for creditors (both individually and through formal and informal committees) and debtors, but also new money investors in, and acquirors of, assets of insolvent entities and for Court officers such as CCAA monitors.

,,Sources value the team as one that 'provides the full package of top-notch services required for complex cases, and these are delivered in a timely manner and as efficiently as possible.',,

What Clients Say

We are recognized (both nationally and internationally) as a pre-eminent Canadian law firm and as one of the leading Canadian restructuring practices with special expertise in cross-border restructurings. We are also known especially for our representation of foreign bondholders, foreign banks, insurance companies and other foreign lenders in Canadian restructurings. Our lawyers have also represented debtors in some of the largest and most complex restructurings in Canadian corporate history.

Our lawyers have played significant roles in most major Canadian restructurings and, in addition to being involved in restructuring proceedings in every province of Canada, have developed a particular expertise in cross-border matters, including restructurings across Europe, Central America, Australia, and, of course, the US. Our lawyers have also acted as Canadian counsel in many significant and high profile US-based restructurings. We understand, and know how to navigate within, the bankruptcy/insolvency environment on both sides of the Canada-US border.

We are known for, and take pride in, our ability to apply experience and common sense in a timely manner to pursue the interests of our clients. Our reputation is as lawyers who can be especially creative, proactive and assertive when the circumstances require and who also have a long track record of facilitating very significant consensual deals. Our practice is a completely integrated one, incorporating all of the resources of the firm and its pre-eminent litigation, securities law, corporate, tax, commercial law as well as mergers and acquisitions practices.

,,They are extremely knowledgeable and understand the restructuring world. They are extremely responsive and focused on clients' needs.,,

What Clients Say

Client Work

Creditor Groups, Committees and Trustees
such as Loyalty Ventures (Air Miles), Tacora Resources – Bondholders, Contract Pharma – Secured Lender and DIP Provider and Source Energy Services (CBCA)
Debtors
such as Stoneway Capital Corporation – CBCA, Calfrac Well Services – CBCA, LXRandCo. – Board of Directors, BZAM Cannabis, Balboa et al and FIGR
Court Officers and Others
such as Nexii Building Solutions – CCAA Monitor, Mastermind Toys – CCAA Monitor, BioSteel – CCAA Monitor, Endo Pharmaceuticals – CCAA Information Officer and Bed Bath & Beyond – CCAA Monitor
Alvarez & Marsal
as the Court-appointed Monitor in the CCAA proceedings of Mastermind
Authentix
in its operation of two Canadian facilities – in BC and Quebec
Bridging Funds
counsel over proposals submitted by Goodmans and McCarthy Tétrault on the basis that we were uniquely qualified to represent the investors given our market leading insolvency practice
BZAM
in restructuring proceedings under the Companies’ Creditors Arrangement Act (CCAA)
Canso
in the CCAA restructuring and acquisition of Black Press and 311733 BC by a consortium of buyers
Coach USA
in the cross-border restructuring of Canada’s largest bus transportation company and the largest bus transportation company in the US North East
Corus
for an ad hoc group of its noteholders
CWM
in bankruptcy proceedings against BRON Media Holdings USA and subsidiaries, a digital animation and live-action production group of companies
PwC and FGC Health
in its sale of FGC Health LP et al's homecare business assets in BC and Manitoba pursuant to a sales process under the Bankruptcy and Insolvency Act (Canada)
FTI
in proceedings under the CCAA involving CURO Canada, recognizing the chapter 11 cases of CURO Group Holdings
FTI
for the court-appointed Monitor, with enhanced powers, of Long Run and Calgary Sinoenergy Investment
FTI
in the CCAA bankruptcy and restructuring proceedings of Canadian Dehua International Mines Group
KPS
the founder of a nutritional supplement business in his proposed acquisition of the company through a CCAA and Chapter 15 proceeding
KSV
in Endo International's CCAA proceedings, a restructuring of more than US$8.1 billion of funded debt and potential liability
KSV
in its capacity as the Court-appointed receiver of 6511 Sussex Heights Development, Minoru Square Development Limited Partnership and Minoru Homes
KSV
as the monitor of Nexii Building Solutions' C$100-million CCAA proceedings
LVI
in connection with a potential financial restructuring of LVI’s indebtedness
Pride Group
in its Chapter 11 DIP financing and US$745 million term and ABL exit financing
Governments of Yukon, Nunavut, Northwest Territories, BC, Saskatchewan, Manitoba, New Brunswick, Nova Scotia and PEI in their Court ordered mediation under the CCAA with major tobacco companies
PwC and Accuride Canada
in plenary proceedings under Chapter 11 of the US Bankruptcy Code on October 9, 2024
Wells Fargo
in its capacity as administrative agent on behalf of a syndicate of lenders providing a debtor-in-possession credit facility (“DIP Facility”) to the Teal-Jones Group
Wheel Pros
in developing a strategy that avoided the need for a separate Canadian CCAA filing despite the material operations company had in Canada
Xplore
in a potential financing and/or restructuring of Xplore's indebtedness and business

Recognitions

Chambers Canada
Ranked, Restructuring/Insolvency

Chambers Global
Band 2, Restructuring/Insolvency

The Legal 500: Canada
Ranked, Restructuring and Insolvency

Canadian Legal Lexpert Directory

Consistently Recommended, Insolvency & Financial Restructuring (Calgary, Toronto)

China Business Law Journal
Winner, Overseas Equity Deal of the Year, Sino-Forest Corporation's Restructuring Transaction
IFLR 1000: The Guide to the Worlds Leading Financial Law Firms
Ranked, restructuring and insolvency

Meyer Kelsey

Kelsey J. Meyer

Partner  •   Co-Head of Restructuring & Insolvency Practice

Your Guide to Legal Solutions: Restructuring & Insolvency

All the details you need, right at your fingertips. Download our brochure and explore our services.

The Bennett Jones Story

At Bennett Jones, legal solutions are our starting point. What drives us forward is knowing our clients inside and out—their ambitions, obstacles and success metrics.

For more than a century, we have shaped outcomes that matter in business, in law and in the broader Canadian landscape. And our commitment extends beyond legal matters: we invest deeply in the communities in which we live and work.