enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Bankruptcy and Insolvency Act - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_and_Insolvency_Act

    The Bankruptcy and Insolvency Act (BIA; French: Loi sur la faillite et l'insolvabilité) is one of the statutes that regulates the law on bankruptcy and insolvency in Canada. It governs bankruptcies, consumer and commercial proposals, and receiverships in Canada.

  3. Insolvency law of Canada - Wikipedia

    en.wikipedia.org/wiki/Insolvency_law_of_canada

    The Parliament of Canada has exclusive jurisdiction to regulate matters relating to bankruptcy and insolvency, by virtue of Section 91(2) of the Constitution Act, 1867. It has passed the following statutes as a result: The Bankruptcy and Insolvency Act ("BIA") [1] The Companies' Creditors Arrangements Act ("CCAA") [2] The Farm Debt Mediation ...

  4. Administration (law) - Wikipedia

    en.wikipedia.org/wiki/Administration_(law)

    A receivership is when an external administrator known as a "receiver" (usually a "receiver and manager" if it requires controlling the company) is appointed by a secured creditor to sell off a company's assets in order to repay the secured debt, or by the court to protect the company's assets or carry out other tasks. [1]

  5. If you run a company that has found itself with unmanageable debt, you might be weighing your options. Your choices may include filing for bankruptcy or restructuring the company under a ...

  6. Commercial insolvency in Canada - Wikipedia

    en.wikipedia.org/.../Commercial_insolvency_in_Canada

    The Ontario Court of Appeal has ruled that, in the case of a "requirement to pay" under the Income Tax Act (Canada) that was issued after a notice of application to appoint a receiver (but before the court heard the application), supported by an ex parte "jeopardy order" issued by the Federal Court of Canada under s. 225.1(1) of that Act, [60 ...

  7. Companies' Creditors Arrangement Act - Wikipedia

    en.wikipedia.org/wiki/Companies'_Creditors...

    The Companies' Creditors Arrangement Act [1] (CCAA; French: Loi sur les arrangements avec les créanciers des compagnies) is a statute of the Parliament of Canada that allows insolvent corporations owing their creditors in excess of $5 million to restructure their businesses and financial affairs.

  8. Receivership - Wikipedia

    en.wikipedia.org/wiki/Receivership

    In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especially in cases where a company cannot meet its financial obligations and is said to be insolvent. [1]

  9. Consumer bankruptcy in Canada - Wikipedia

    en.wikipedia.org/wiki/Consumer_bankruptcy_in_Canada

    For the purposes of the BIA, it is important to be able to distinguish between legal definition of "insolvent person" and one of "bankrupt".Generally, an insolvent person is one who cannot pay his or her debts and may subsequently become bankrupt, either by assigning himself into bankruptcy, being petitioned into bankruptcy by the creditors, or being deemed to assign himself into bankruptcy by ...