Keyword
bankruptcy

Court names KSV Advisory receiver for Hyndman

January 23, 2020 3:26PM by Abdul Latheef

TORONTO, Ont. — An Ontario Superior Court judge has appointed Toronto consulting firm KSV Advisory to oversee the liquidation of the assets of Hyndman Transport, the Canadian subsidiary of bankrupt American trucking company Celadon Group. Justice Glenn A. Hainey’s ruling…

Celadon agrees to place Hyndman under receivership

January 20, 2020 11:46AM by Abdul Latheef

TORONTO, Ont. – Bankrupt U.S. trucking company Celadon Group has agreed to place its Canadian subsidiary Hyndman Transport under receivership as early as Thursday, a Toronto lawyer said Monday. The agreement came during a hearing on Andrew J. Hatnay’s motion…

Ontario judge bars sale of Hyndman assets

January 17, 2020 5:20PM by Abdul Latheef

TORONTO, Ont. – An Ontario judge has barred U.S.-based Celadon Group from selling the assets of its Canadian subsidiary as he considers a motion for placing Hyndman Transport under receivership. “The Canadian assets shall not be sold without the approval…

Hyndman closed as Celadon files for bankruptcy

December 10, 2019 7:56AM by Truck News

AYR, Ont. – Hyndman Transport has been shuttered as part of a Chapter 11 bankruptcy filing by parent company Celadon. Hyndman was the Canadian division of Celadon, and has been in business for more than 75 years. Hyndman management didn’t…