Understanding restructuring and insolvency in Canada: Twenty-four questions answered

10 June 2021

This article was originally published in The Legal 500: Restructuring & Insolvency Country Comparative Guide, including a full list of jurisdictional Q&As.     

Gowling WLG was pleased to contribute to the Canada chapter of The Legal 500: Restructuring & Insolvency Country Comparative Guide, which offers a high-level overview of the laws and regulations applicable to restructuring and insolvency procedures in different jurisdictions. 

Download the Canadian guide

Presented in a user-friendly Q&A-format, the Canada chapter provides readers with a practicable and current overview of the following topics: 

  • Common forms of security granted over immovable and movable property
  • Canadian insolvency and restructuring procedure
  • Creditors' and stakeholders' ranking on a debtor's insolvency
  • The procedure for challenging pre-insolvency transactions; financing options for debtor's in restructuring or insolvency proceedings
  • Director's and stakeholder's obligations and liabilities on a debtor's insolvency or restructuring
  • The treatment of contractual agreements in restructuring and insolvency processes
  • The recognition of concurrent foreign restructuring and insolvency proceedings
  • The current state of Canada's insolvency and restructuring regime, including proposed reform and barriers to efficient and effective restructurings and insolvencies.

Contact any member of our team today to learn more about how we can help you navigate Canada’s complex restructuring, bankruptcy and insolvency landscape.


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.