{"id":3861,"date":"2021-09-17T15:12:11","date_gmt":"2021-09-17T19:12:11","guid":{"rendered":"https:\/\/www.millerthomson.com\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/"},"modified":"2025-06-19T20:21:43","modified_gmt":"2025-06-20T00:21:43","slug":"owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection","status":"publish","type":"deals-cases","link":"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/","title":{"rendered":"Owner of historic Cambridge Club in Toronto emerges from CCAA protection"},"content":{"rendered":"<p>In September 2021, Cambridge Group Inc. (\u201cCambridge Group\u201d), the owner of the historic Cambridge Club, Toronto Athletic Club, and the Adelaide Club in Toronto, successfully emerged from protection under the Companies\u2019 Creditors Arrangement Act (\u201cCCAA\u201d).<\/p>\n<p>Due to the impact of the global COVID-19 pandemic, Cambridge Group had sought and obtained CCAA protection on December 11, 2020 with Grant Thornton Limited as Court-appointed Monitor, and listed approximately $7 million in liabilities. Despite sweeping cost cutting measures, the elimination of a substantial portion of Cambridge Group&#8217;s revenue had resulted in a financial strain that could not continue on the current path. Over the course of nine months, Miller Thomson LLP assisted Cambridge Group in a plan of arrangement which was ultimately approved by its creditors and the Court.<\/p>\n<p>Cambridge Group manages and operates clubs that offer athletic and social memberships to more than 6000 members from across the Greater Toronto Area. Cambridge\u2019s clubs include the Toronto Athletic Club, the Adelaide Club and the Cambridge Club.<\/p>\n<p>The Miller Thomson team advising Cambridge Group included Larry Ellis, David Ward and Sam Massie (Restructuring &amp; Insolvency).<\/p>\n","protected":false},"author":1,"template":"","class_list":["post-3861","deals-cases","type-deals-cases","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Owner of historic Cambridge Club in Toronto emerges from CCAA protection | Miller Thomson<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Owner of historic Cambridge Club in Toronto emerges from CCAA protection | Miller Thomson\" \/>\n<meta property=\"og:description\" content=\"Counsel to Cambridge Group Inc.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/\" \/>\n<meta property=\"og:site_name\" content=\"Miller Thomson\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MillerThomsonLaw\/\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-20T00:21:43+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@millerthomson\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/\",\"url\":\"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/\",\"name\":\"Owner of historic Cambridge Club in Toronto emerges from CCAA protection | Miller Thomson\",\"isPartOf\":{\"@id\":\"https:\/\/www.millerthomson.com\/en\/#website\"},\"datePublished\":\"2021-09-17T19:12:11+00:00\",\"dateModified\":\"2025-06-20T00:21:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.millerthomson.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Deals and Cases\",\"item\":\"https:\/\/www.millerthomson.com\/en\/deals-cases\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Owner of historic Cambridge Club in Toronto emerges from CCAA protection\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.millerthomson.com\/en\/#website\",\"url\":\"https:\/\/www.millerthomson.com\/en\/\",\"name\":\"Miller Thomson\",\"description\":\"National law firm providing business law expertise and litigation and disputes services for businesses across Canada since 1957.\",\"publisher\":{\"@id\":\"https:\/\/www.millerthomson.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.millerthomson.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.millerthomson.com\/en\/#organization\",\"name\":\"Miller Thomson\",\"url\":\"https:\/\/www.millerthomson.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.millerthomson.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/miller-thomson.svg\",\"contentUrl\":\"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/miller-thomson.svg\",\"width\":380,\"height\":50,\"caption\":\"Miller Thomson\"},\"image\":{\"@id\":\"https:\/\/www.millerthomson.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/MillerThomsonLaw\/\",\"https:\/\/x.com\/millerthomson\",\"https:\/\/www.linkedin.com\/company\/miller-thomson-llp\/\",\"https:\/\/www.youtube.com\/@millerthomson\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Owner of historic Cambridge Club in Toronto emerges from CCAA protection | Miller Thomson","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/","og_locale":"en_US","og_type":"article","og_title":"Owner of historic Cambridge Club in Toronto emerges from CCAA protection | Miller Thomson","og_description":"Counsel to Cambridge Group Inc.","og_url":"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/","og_site_name":"Miller Thomson","article_publisher":"https:\/\/www.facebook.com\/MillerThomsonLaw\/","article_modified_time":"2025-06-20T00:21:43+00:00","twitter_card":"summary_large_image","twitter_site":"@millerthomson","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/","url":"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/","name":"Owner of historic Cambridge Club in Toronto emerges from CCAA protection | Miller Thomson","isPartOf":{"@id":"https:\/\/www.millerthomson.com\/en\/#website"},"datePublished":"2021-09-17T19:12:11+00:00","dateModified":"2025-06-20T00:21:43+00:00","breadcrumb":{"@id":"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.millerthomson.com\/en\/deals-cases\/owner-of-historic-cambridge-club-in-toronto-emerges-from-ccaa-protection\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.millerthomson.com\/en\/"},{"@type":"ListItem","position":2,"name":"Deals and Cases","item":"https:\/\/www.millerthomson.com\/en\/deals-cases\/"},{"@type":"ListItem","position":3,"name":"Owner of historic Cambridge Club in Toronto emerges from CCAA protection"}]},{"@type":"WebSite","@id":"https:\/\/www.millerthomson.com\/en\/#website","url":"https:\/\/www.millerthomson.com\/en\/","name":"Miller Thomson","description":"National law firm providing business law expertise and litigation and disputes services for businesses across Canada since 1957.","publisher":{"@id":"https:\/\/www.millerthomson.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.millerthomson.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.millerthomson.com\/en\/#organization","name":"Miller Thomson","url":"https:\/\/www.millerthomson.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.millerthomson.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/miller-thomson.svg","contentUrl":"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/miller-thomson.svg","width":380,"height":50,"caption":"Miller Thomson"},"image":{"@id":"https:\/\/www.millerthomson.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/MillerThomsonLaw\/","https:\/\/x.com\/millerthomson","https:\/\/www.linkedin.com\/company\/miller-thomson-llp\/","https:\/\/www.youtube.com\/@millerthomson"]}]}},"_links":{"self":[{"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/deals-cases\/3861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/deals-cases"}],"about":[{"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/types\/deals-cases"}],"author":[{"embeddable":true,"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/deals-cases\/3861\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/media?parent=3861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}