On July 25, 2023, NextPoint Financial, Inc. along with some affiliated entities, approached the Supreme Court of British Columbia to secure an initial order under the Companies' Creditors Arrangement Act. This initial order provided a stay of proceedings, with the possibility of extension, as part of their restructuring efforts. Subsequently, NextPoint sought to have these proceedings recognized in the United States, aiming for the U.S. Bankruptcy Court for the District of Delaware to acknowledge the Canadian court's order under Chapter 15 of the U.S. Bankruptcy Code. A provisional relief hearing was scheduled for July 27, 2023, to discuss this matter further. The court appointed FTI Consulting Canada Inc. as the monitor to oversee NextPoint's restructuring process. The summary does not mention the transaction value or legal advisors, indicating that these details were not provided in the given article excerpt.