Canada: Insolvency/Bankruptcy

As part of the ongoing Hudson's Bay Company ("HBC") insolvency proceedings under the Companies' Creditors Arrangement Act ("CCAA"), Blaney McMurtry LLP lawyers, John Wolf and Brendan Jones...

Toronto bankruptcy and insolvency lawyer Andrew Johnstone explains the key differences between secured and unsecured debt in Ontario and why those differences matter when it comes to repayment and recovery.

Priority disputes among creditors with an interest in the debtor's personal property are ordinarily determined by the various priority rules in the applicable Personal Property Security Act ("PPSA").

Dans Atlantic Sea Cucumber Ltd. (Re), la Cour suprême de la Nouvelle-Écosse (« la Cour »), siégeant en matière de faillite, a refusé d'accorder priorité à une sûreté invoquée par une société liée au débiteur, et ce, malgré l'existence d'une garantie antérieurement consentie.

Security deposits are a common practice in commercial leasing. They are defined as the payment of a sum of money by the tenant to guarantee performance of the latter's obligations under the terms of the lease.

When a Ponzi scheme collapses, how does a bankruptcy trustee with limited resources and hundreds of innocent investors — some winners, some losers — address all the competing issues in an equitable and cost-effective way?

In a recent decision, the Ontario Court of Appeal clarified how payments made shortly before a company's bankruptcy are to be treated under Canadian bankruptcy law, particularly when one creditor appears to be favoured over others.

Recent British Columbia cases, Atom Holdings (Re), 2024 BCSC 1397, and its appellate follow-up, Su v. Atom Holdings, 2025 BCCA 199, offer valuable insights...

Quand une compagnie en proie à des difficultés financières procède à une restructuration, ses administrateurs peuvent-ils demeurer protégés de toute responsabilité, même lorsque les autorités fiscales s'y opposent?