'An earthquake is coming': Insolvency second wave looms as once-strong businesses falter

As the second wave of the coronavirus pandemic was taking hold in Canada, with Toronto once again prohibiting indoor dining, Peter Tsebelis and his team at King Street Company Inc. decided they had little choice but to file for creditor protection. It was a stunning reversal of fortune for the network of trendy restaurants including Italian eatery Buca and Jacobs & Co. Steakhouse. Less than a year ago, plans were under way to open more concepts in and around Canada’s largest city. ...