Simply, it was required that we have a balanced budget. At that point, Laurentian had no additional capacity to take on additional debt.
We did work very hard prior to the pandemic to meet the projected budget of the year, but then with the overall.... We just simply had no more room at the end of that.
On February 1, we had to take the decision, as Laurentian was insolvent. We had no alternative but to close the doors or to initiate this process. We initiated this process to provide a future for the students.