Learning to walk, wirelessly

Recently, Ascalade Communications Inc., a Richmond maker of digital wireless and communications products, filed for bankruptcy protection under the Companies’ Creditors Arrangement Act.

Ascalade – which makes wireless phones and other devices – was one of the bigger players in a B.C. wireless scene that’s been exploding of late, with an ever-increasing number of competitors. While it appears Ascalade’s troubles are bigger than those of its competition, they are emblematic of the sector. more...

Here come the vultures

Imagine there’s a company you’ve done a ton of work for – one that has yet to pay – and now the rumour is it’s going bankrupt. What do you need, urgently? The answer: certainty.

You need to know, now, what assets this shaky company has and what they’re worth, who the other creditors are and what they are owed, as well as how your claim ranks in the creditors’ lineup. more...

Clean slate

A well-known North Vancouver business has filed for bankruptcy, but if all goes according to plan, no one will notice. Well, almost no one. more...

Blogroll - 11/15/07

Blogroll this week zooms in on business news, providing an update on a new Victoria-based social networking application for parents, coaches and athletes, as well as one blogger's thoughts on how the Tourism industry can benefit from blogging. We also hear a blogger's thoughts on the demise of Music World, the last Canadian-owned national music retailer and finally check in on a downturn in one of the West's major industries: marijuana exports. more...

Belly up

When you’re drowning in red ink, do you cut your losses and start over or look for a lifeline? Five years ago Gail Winkelmann, small-business owner and mother of four, was one phone call away from declaring personal bankruptcy. Here’s how she salvaged her company, saved her home, satisfied her creditors and maintained her dignity more...