No reason to think the company or jobs are in jeopardy. Maybe they are, maybe not. The really bag-holders are the lenders who will take a haircut. Most companies emerge from bankruptcy stronger than before, having never ceased operations.
From the article:
"Broadly speaking, the CCAA is the Canadian equivalent of Chapter 11 of the U.S. bankruptcy code. Companies enter both processes when they are seeking the court's help to protect them from their creditors while they try to come up with a way to restructure the business and continue to operate."
From the article: "Broadly speaking, the CCAA is the Canadian equivalent of Chapter 11 of the U.S. bankruptcy code. Companies enter both processes when they are seeking the court's help to protect them from their creditors while they try to come up with a way to restructure the business and continue to operate."