An Ontario judge rejected a Hudson’s Bay restructuring agreement Saturday evening, increasing the likelihood that lenders may seek to push the company into receivership.

An Ontario judge denied a proposal that would have given Hudson's Bay's lenders more control over the company's restructuring.{ai:summary}<p>An Ontario judge has rejected Hudson’s Bay's restructuring agreement, raising the possibility that lenders could move to place the company into receivership. This decision complicates the retailer's financial situation and future operations. #economy</p>

Court refuses Hudson's Bay restructuring plan to empower lender in creditor protection case

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