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

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.