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Canadian firm Colabor Group seeks debt restructuring under CCAA protection in Quebec.
Colabor Group, a Canadian company, has filed for protection under the Companies’ Creditors Arrangement Act (CCAA) in Quebec Superior Court, signaling efforts to restructure debt amid financial challenges.
The move, intended to allow the company to continue operating while negotiating with creditors under court supervision, comes amid broader economic pressures.
Specific financial details, sector, or operational scope were not disclosed.
The court will review the application, and the process may lead to changes in operations, though no information on layoffs, asset sales, or restructuring terms was provided.
The company stated its commitment to maintaining customer service throughout.
La empresa canadiense Colabor Group busca la reestructuración de la deuda bajo la protección de CCAA en Quebec.