Topics

Learning to walk, wirelessly

Tue, 01 Jul 2008 15:39:04 -0700

by Tony Wanless

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.

Here come the vultures

Tue, 01 Jul 2008 13:39:21 -0700

by Cynthia Cushing

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.

Clean slate

Fri, 01 Feb 2008 10:01:35 -0800

By Peter Severinson

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.

Belly up

Mon, 03 Jul 2006 20:02:05 -0700

by Jane Mundy

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

Topics

Learning to walk, wirelessly

Here come the vultures

Clean slate

Blogroll - 11/15/07

Belly up