Originally a part of the Global Practice Guide by Chambers and Partners, this section on Insolvency in Canada has been republished with permission.

The Chambers Insolvency 2025 Guide covers nearly 30 jurisdictions and offers an up-to-date overview of key insolvency laws and procedures. It discusses creditor rights, both informal and statutory restructuring options, formal insolvency and liquidation pathways, cross-border considerations, the responsibilities and potential liabilities of directors and officers, and the grounds on which transactions may be challenged or overturned.

Gowling WLG lawyers David F.W. Cohen, Virginie Gauthier, Thomas Gertner, Cliff Prophet and Kate Yurkovich are contributing authors for the section on "Law and Practice" for the Canadian jurisdiction.