Those who got their money included secured creditors and those owed vacation pay
Certain classifications of Laurentian University’s creditors were recently paid back what they’re owed.
In February 2021, Laurentian University became the first publicly funded university in Canada to file for protection under the Companies’ Creditors Arrangement Act . After having its debt plan, known as a plan of arrangement, approved by creditors earlier this fall, Laurentian finally exited insolvency on Nov. 28.
In addition, after a review by Employment and Social Development Canada, “all vacation pay compensation claims have been paid by cheque on December 13, 2022.”
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