Our Retail Insolvencies series examines large retail insolvencies in Canada from the perspective of various stakeholders.
It focuses on Companies' Creditors Arrangement Act (Canada) (CCAA) proceedings, with reference to alternate insolvency proceedings where applicable. The CCAA is the principal statute for the reorganization or sale of large corporate debtors in Canada and the functional equivalent to Chapter 11 of the U.S. Bankruptcy Code.
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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.