I believe they filed for the Canadian equivelent of the US's "Chapter 11". Technically, it's protection from creditors. It prevents a creditor from forcing you into bankrupcy in order to allow you to continue operating while you restructure the organization and it's finances. This is the same...
Just remember this feeling and recall it when you start hating every second of every day you have to work there ;) I used to manage a staff of 15 at my previous job and it would always amaze me how some super-eager and ultra-grateful new hires would turn into miserable drones after time. They...