Monday, June 29, 2020 | 10 a.m.
Montreal-based live entertainment company Cirque du Soleil announced today it has filed for protection from creditors under the Companies Creditors Arrangement Act (CCCA) in order to restructure, and its application under the CCCA will be heard Tuesday by the Superior Court of Quebec. If the court grants the order, the company will seek immediate provisional recognition in the United States under Chapter 15 in the U.S. Bankruptcy Court.
“For the past 36 years, Cirque du Soleil has been a highly successful and profitable organization. However, with zero revenues since the forced closure of all of our shows due to COVID-19, management had to act decisively to protect the company’s future,”