Laurentian University files for creditor protection

Laurentian University files for creditor protection

Laurentian University files for creditor protection

 

Facing massive long-term debts and lower revenue as a result of COVID-19, Laurentian University has filed for court protection from creditors. This 60-year-old university has a long history of enrolling international students. In a news release, Laurentian University President Robert Haché said despite being insolvent, the court filing would not affect day-to-day operations and students will not be affected. At the same time, many experts stress that the problems of Laurentian are rooted in the failed policy to engage more international students to the university.

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