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"Overview of insolvency proceedings in Canada"

Jurisdiction: - Canada/Federal

Law firm McMillan LLP has prepared a comprehensive "Overview of insolvency proceedings in Canada" (October 2009). It outlines the Canadian legislative framework and briefly describes the receivership process, the bankruptcy regime and the formal restructuring alternatives available to debtors. The three key statutes it addresses are:

  • the Bankruptcy and Insolvency Act,
  • the Companies' Creditors Arrangement Act, and
  • the Winding-up and Restructuring Act.