Mondaq Canada: Insolvency/Bankruptcy/Re-structuring
Cassels Brock
This approach by the lessors is incorrect, and was a lesson learned to all to register a lease of a term of more than one year.
Gehlen Dabbs
This article looks at how business owners can know whether their situation merits bankruptcy.
Gehlen Dabbs
A debtor company seeking to reorganize its financial affairs has two powerful tools by which it can hold creditors at bay and stay collection proceedings while it formulates its reorganization plan.
Torys LLP
An article by associates Jeremy Opolosky and Laura Guest, "Wolfridge Farms Ltd.: Farms and Fights over COMI," has been published by the National Insolvency Review.
Borden Ladner Gervais LLP
Does a fine imposed on a debtor by the disciplinary committee of the Chambre de la sécurité financière after the date of the debtor's bankruptcy constitute a provable claim pursuant to...
Gehlen Dabbs
When an individual or business can no longer keep up with its debt obligations or satisfy its liabilities, it is considered "insolvent".
Gehlen Dabbs
The Bankruptcy and Insolvency Act (BIA) and the Companies' Creditors Arrangement Act (CCAA) provide clear rules for legal proceedings between creditors and distressed debtors in Canada.
Gehlen Dabbs
Two major pieces of legislation govern insolvency and bankruptcy in Canada – the Bankruptcy and Insolvency Act (BIA) and the Companies' Creditors Arrangement Act (CCAA).
Gehlen Dabbs
In receivership, an appointed third party acts on behalf of a secured creditor and is tasked with taking possession of the debtor's assets, selling them and using the proceeds to pay the secured debt.
Borden Ladner Gervais LLP
The Supreme Court of British Columbia made an order that the funds in a Registered Disability Savings Plan (RDSP) could not be seized by the Trustee-in-Bankruptcy of the bankrupt beneficiary to satisfy the claims of creditors.
Gehlen Dabbs
Each province has its own laws governing issues related to property and commercial matters, but when insolvency or bankruptcy enter the scene, federal law becomes paramount.
Gowling WLG
The economies of the United States and Canada are closely intertwined. As operations expand across the border, so too do the complexities associated with carrying on business.
McCarthy Tétrault LLP
In a previous post we discussed how the Court of Queen's Bench of Alberta recently authorized a sale transaction after being satisfied with the appropriateness of a sales process...
Gehlen Dabbs
In 2008, the federal government established the Wage Earner Protection Program. The provision was designed to protect the rights of workers whose employers have gone into bankruptcy or receivership.
Gehlen Dabbs
Several months ago, we provided a summary of the bankruptcy process.
Mercantile Mergers & Acquisitions Corporation
Debtor in Possession (DIP) financing describes the funding obtained by an insolvent debtor while that debtor is restructuring its business.
McMillan LLP
The tension between a trustee seeking to facilitate a proposal for the benefit of all creditors and a single creditor being forced to release its rights for the "greater good" was front and center in a recent case before the Supreme Court of British Columbia.
Gehlen Dabbs
The Alberta Court of Appeal last week heard an appeal of a precedent setting decision allowing for bankrupt oil and gas companies to walk away from unproductive wells and leave the cleanup costs to the province.
Gehlen Dabbs
In our last post, we discussed various acts that may be deemed as offences under the Bankruptcy and Insolvency Act (BIA).
Gehlen Dabbs
The Canadian bankruptcy regime was designed with two key purposes in mind – provide options to ‘honest but unfortunate' debtors struggling with an unmanageable financial load and create an orderly means for creditors to recover amounts owed them.
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Blaney McMurtry LLP
Below are the summaries for this week's civil decisions of the Court of Appeal. Topics covered this week included a number of civil procedure issues...
Gehlen Dabbs
This article looks at how business owners can know whether their situation merits bankruptcy.
Gehlen Dabbs
A debtor company seeking to reorganize its financial affairs has two powerful tools by which it can hold creditors at bay and stay collection proceedings while it formulates its reorganization plan.
Gehlen Dabbs
When an individual or business can no longer keep up with its debt obligations or satisfy its liabilities, it is considered "insolvent".
Blake, Cassels & Graydon LLP
Welcome to the 16th issue of the Blakes Pensions Newsletter.
Borden Ladner Gervais LLP
Does a fine imposed on a debtor by the disciplinary committee of the Chambre de la sécurité financière after the date of the debtor's bankruptcy constitute a provable claim pursuant to...
Field LLP
What happens to a license for seismic data when the licensee suffers a bankruptcy event? In Part 1, we looked at a case of bankruptcy of the IP owner.
Blaney McMurtry LLP
Below are the summaries of this week's civil decisions of the Court of Appeal. Most of them were procedural in nature (dismissal for delay, appellate jurisdiction, limitation periods...
Cassels Brock
This approach by the lessors is incorrect, and was a lesson learned to all to register a lease of a term of more than one year.
Torys LLP
An article by associates Jeremy Opolosky and Laura Guest, "Wolfridge Farms Ltd.: Farms and Fights over COMI," has been published by the National Insolvency Review.
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