ARTICLE
21 December 2020

Canadian Insolvency Trends In 2020: A Pandemic Year In Numbers

DW
Davies Ward Phillips & Vineberg

Contributor

Davies is a law firm focused on high-stakes matters. Committed to achieving superior outcomes for our clients, we are consistently at the heart of their most complex deals and cases. With offices in Toronto, Montréal and New York, our capabilities extend seamlessly to every continent. Visit us at www.dwpv.com.
The economic conditions caused by the COVID-19 pandemic are unprecedented: unemployment is up, consumer confidence is down, countless businesses have permanently closed and many others are barely holding
Canada Insolvency/Bankruptcy/Re-Structuring

The economic conditions caused by the COVID-19 pandemic are unprecedented: unemployment is up, consumer confidence is down, countless businesses have permanently closed and many others are barely holding on. Yet the number of bankruptcies of individuals and small and medium-sized businesses has plummeted since the pandemic was declared earlier this year. Unusual as this might seem, this trend is evident throughout the developed world.

In this report, we provide a detailed analysis of the data on insolvency filings available in Canada, situated in historical, geographic and sectorial contexts.

We analyze the key trends that have emerged in bankruptcies, proposals, receiverships and arrangements under the Canada Business Corporations Act and filings under the Companies' Creditors Arrangement Act.

Finally, we offer a look ahead to what we might expect in the post-pandemic era.

Read our report.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More