Quebecor World set to emerge from creditor protection following court approval

The failed printing giant, which went into the US and Canadian equivalent of administration in January last year said it now expects to emerge from bankruptcy protection in mid-July.

Last month, creditors in the US and Canada approved its plans. It had been reported that the US government had voiced concerns over unpaid debts. However, these issues appear to have been addressed.

Quebecor World president and chief executive Jacques Mallette said: “This is a major milestone in successfully restructuring our company to benefit all stakeholders.

“We look forward to exiting creditor protection in mid-July and moving forward with the implementation of our business plan as a strong competitor in the industry.”

Under North American bankruptcy laws, a company can trade for months in creditor protection without the threat of having its debts called in enabling it to restructure and realign its cost base.


Read the original article at

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at [email protected]  

Sign up to the Sprinter newsletter

Leave a comment:

Your email address will not be published. All fields are required


Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.
  • This field is for validation purposes and should be left unchanged.