Knowledge (XXG)

Insolvency law of Canada

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In applying these statutes, provincial law has important consequences. Section 67(1)(b) of the BIA provides that "any property that as against the bankrupt is exempt from execution or seizure under any laws applicable in the province within which the property is situated and within which the bankrupt
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under Part XI of the BIA, to take possession and administer property as a consequence of provisions in a security agreement or by virtue of any federal or provincial law that authorizes the appointment of a receiver or
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is charged with the administration of the BIA and the CCAA. All records relating to matters under those Acts are accessible at their website. The Office also licenses insolvency trustees (
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regulates the resolution of financial difficulties that occur before the onset of insolvency. Notable legislation is in effect for governing:
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handle consumer and commercial proposals in order to forestall an assignment in bankruptcy
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John R. Sandrelli, Christopher J. Ramsay and Anjili I. Bahadoorsingh (2002-09-18).
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has exclusive jurisdiction to regulate matters relating to
1006:"Office of the Superintendent of Bankruptcy Canada - Home" 831:"Remedies under Security Interests in Canada: An Overview" 809:"Winding-up and Restructuring Act (R.S.C., 1985, c. W-11)" 875:
under contract to the Law Commission of Canada. June 2000
894:"Absconding Debtors Act (Ontario), R.S.O. 1990, c. A.2" 725:"Bankruptcy and Insolvency Act (R.S.C., 1985, c. B-3)" 551:. It has passed the following statutes as a result: 1257: 1058: 908:"Bulk Sales Act (Ontario), R.S.O. 1990, c. B.14" 950:"Execution Act (Ontario), R.S.O. 1990, c. E.24" 866:"Federal Security Interests: Contract #99-08-2" 1038: 512: 8: 1372:South Georgia and the South Sandwich Islands 767:"Farm Debt Mediation Act (S.C. 1997, c. 21)" 1045: 1031: 1023: 657:Office of the Superintendent of Bankruptcy 519: 505: 17: 716: 422: 341: 310: 274: 243: 212: 176: 145: 104: 38: 20: 569:Companies' Creditors Arrangements Act 7: 586:Wage Earner Protection Program Act 14: 607:Provincial legislation under the 1248: 1215:Saint Vincent and the Grenadines 651:Administration of insolvency law 594:Winding-Up and Restructuring Act 696:Commercial insolvency in Canada 675:act as a monitor under the CCAA 669:administer estates of bankrupts 1: 706:Bankruptcy and Insolvency Act 701:Consumer bankruptcy in Canada 560:Bankruptcy and Insolvency Act 646:assignments and preferences 1455: 1053:Bankruptcy in the Americas 663:), who are authorized to: 1390: 1357:Saint Pierre and Miquelon 1246: 609:property and civil rights 466:History of bankruptcy law 1439:Insolvency law of Canada 1377:Turks and Caicos Islands 236:Voidable floating charge 578:Farm Debt Mediation Act 483:Pre-packaged insolvency 436:Bankruptcy alternatives 324:Cross-border insolvency 262:Trading while insolvent 113:Insolvency practitioner 92:Provisional liquidation 1292:British Virgin Islands 873:Fraser Milner Casgrain 838:Fraser Milner Casgrain 636:fraudulent conveyances 623:(with notable caveats) 613:Constitution Act, 1867 549:Constitution Act, 1867 226:Undervalue transaction 33: 1205:Saint Kitts and Nevis 431:Anti-deprivation rule 329:Insolvency Regulation 221:Fraudulent conveyance 205:Scheme of arrangement 159:Preferential creditor 138:Trustee in bankruptcy 133:Referee in Bankruptcy 32: 533:Parliament of Canada 1382:U.S. Virgin Islands 1225:Trinidad and Tobago 1070:Antigua and Barbuda 640:relief of creditors 185:Administration (UK) 1135:Dominican Republic 626:absconding debtors 621:security interests 461:Financial distress 334:UNCITRAL Model Law 252:Fraudulent trading 169:Unsecured creditor 34: 1426: 1425: 643:seizure of assets 632:(in Ontario only) 529: 528: 488:Sovereign default 471:List of bankrupts 441:Creditors' rights 303:Security interest 231:Unfair preference 213:Avoidance regimes 123:Regulatory agency 1446: 1347:Saint Barthélemy 1307:Falkland Islands 1252: 1047: 1040: 1033: 1024: 1018: 1017: 1015: 1013: 1008:. 19 August 2002 1002: 996: 995: 993: 991: 984:"Basic Concepts" 980: 974: 973: 971: 970: 960: 954: 953: 946: 940: 939: 932: 926: 925: 918: 912: 911: 904: 898: 897: 890: 884: 883: 881: 880: 870: 862: 856: 855: 853: 852: 846: 840:. Archived from 835: 826: 820: 819: 817: 815: 805: 799: 798: 796: 794: 784: 778: 777: 775: 773: 763: 757: 756: 754: 752: 742: 736: 735: 733: 731: 721: 683:receiver-manager 521: 514: 507: 298:Second lien loan 267:Wrongful trading 164:Secured creditor 18: 1454: 1453: 1449: 1448: 1447: 1445: 1444: 1443: 1429: 1428: 1427: 1422: 1400:Central America 1386: 1261: 1253: 1244: 1061: 1054: 1051: 1021: 1011: 1009: 1004: 1003: 999: 989: 987: 982: 981: 977: 968: 966: 962: 961: 957: 952:. 24 July 2014. 948: 947: 943: 938:. 24 July 2014. 934: 933: 929: 924:. 24 July 2014. 920: 919: 915: 910:. 24 July 2014. 906: 905: 901: 896:. 24 July 2014. 892: 891: 887: 878: 876: 868: 864: 863: 859: 850: 848: 844: 833: 828: 827: 823: 813: 811: 807: 806: 802: 792: 790: 786: 785: 781: 771: 769: 765: 764: 760: 750: 748: 744: 743: 739: 729: 727: 723: 722: 718: 714: 692: 653: 543:, by virtue of 525: 319:Chapter 15 (US) 283:Floating charge 190:Chapter 11 (US) 67:Conservatorship 12: 11: 5: 1452: 1450: 1442: 1441: 1431: 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1273: 1270: 1269: 1267: 1265: 1260: 1256: 1251: 1241: 1238: 1236: 1233: 1231: 1230:United States 1228: 1226: 1223: 1221: 1218: 1216: 1213: 1211: 1208: 1206: 1203: 1201: 1198: 1196: 1193: 1191: 1188: 1186: 1183: 1181: 1178: 1176: 1173: 1171: 1168: 1166: 1163: 1161: 1158: 1156: 1153: 1151: 1148: 1146: 1143: 1141: 1138: 1136: 1133: 1131: 1128: 1126: 1123: 1121: 1118: 1116: 1113: 1111: 1108: 1106: 1103: 1101: 1098: 1096: 1093: 1091: 1088: 1086: 1083: 1081: 1078: 1076: 1073: 1071: 1068: 1067: 1065: 1063: 1057: 1048: 1043: 1041: 1036: 1034: 1029: 1028: 1025: 1007: 1001: 998: 985: 979: 976: 965: 959: 956: 951: 945: 942: 937: 931: 928: 923: 917: 914: 909: 903: 900: 895: 889: 886: 874: 867: 861: 858: 847:on 2012-03-29 843: 839: 832: 825: 822: 810: 804: 801: 789: 783: 780: 768: 762: 759: 747: 741: 738: 726: 720: 717: 711: 707: 704: 702: 699: 697: 694: 693: 689: 681: 677: 674: 671: 668: 667: 666: 665: 664: 662: 658: 650: 645: 642: 639: 637: 634: 631: 628: 625: 622: 618: 617: 616: 614: 611:power of the 610: 605: 596: 595: 590: 588: 587: 582: 580: 579: 574: 571: 570: 565: 562: 561: 556: 555: 554: 553: 552: 550: 546: 545:Section 91(2) 542: 538: 534: 522: 517: 515: 510: 508: 503: 502: 500: 499: 494: 493:Subordination 491: 489: 486: 484: 481: 479: 478: 474: 472: 469: 467: 464: 462: 459: 457: 454: 452: 449: 447: 444: 442: 439: 437: 434: 432: 429: 428: 427: 426: 421: 416: 415:United States 413: 411: 408: 406: 403: 401: 398: 396: 393: 391: 388: 386: 383: 381: 378: 376: 373: 371: 368: 366: 363: 361: 358: 356: 353: 351: 348: 347: 346: 345: 340: 335: 332: 330: 327: 325: 322: 320: 317: 316: 315: 314: 311:International 309: 304: 301: 299: 296: 294: 291: 289: 286: 284: 281: 280: 279: 278: 273: 268: 265: 263: 260: 258: 255: 253: 250: 249: 248: 247: 242: 237: 234: 232: 229: 227: 224: 222: 219: 218: 217: 216: 211: 206: 203: 201: 200:Restructuring 198: 196: 193: 191: 188: 186: 183: 182: 181: 180: 177:Restructuring 175: 170: 167: 165: 162: 160: 157: 155: 152: 151: 150: 149: 144: 139: 136: 134: 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Retrieved 1000: 988:. Retrieved 978: 967:. Retrieved 958: 944: 930: 916: 902: 888: 877:. Retrieved 860: 849:. Retrieved 842:the original 824: 812:. Retrieved 803: 791:. Retrieved 782: 770:. Retrieved 761: 749:. Retrieved 740: 728:. Retrieved 719: 654: 619:creation of 606: 602: 592: 584: 576: 567: 558: 530: 475: 400:South Africa 364: 97:Receivership 77:Examinership 15: 1337:Puerto Rico 1264:territories 1210:Saint Lucia 1145:El Salvador 405:Switzerland 257:Misfeasance 87:Liquidation 72:Dissolution 1332:Montserrat 1327:Martinique 1322:Guadeloupe 1120:Costa Rica 1012:August 25, 990:August 25, 969:2011-09-13 879:2011-09-14 851:2011-09-13 814:August 25, 793:August 25, 772:August 25, 751:August 25, 730:August 25, 712:References 630:bulk sales 604:resides". 541:insolvency 537:bankruptcy 477:Pari passu 342:By country 128:Liquidator 52:Bankruptcy 22:Insolvency 1405:Caribbean 1317:Greenland 1240:Venezuela 1185:Nicaragua 1155:Guatemala 1075:Argentina 1060:Sovereign 678:act as a 572:("CCAA") 380:Hong Kong 355:Australia 195:Cram down 146:Claimants 105:Officials 39:Processes 1433:Category 1272:Anguilla 1220:Suriname 1195:Paraguay 1170:Honduras 1130:Dominica 1115:Colombia 1085:Barbados 690:See also 680:receiver 563:("BIA") 350:Anguilla 293:Mortgage 275:Security 244:Offences 154:Creditor 118:Tribunal 1302:Curaçao 1287:Bonaire 1282:Bermuda 1235:Uruguay 1175:Jamaica 1150:Grenada 1140:Ecuador 1095:Bolivia 1080:Bahamas 547:of the 456:Default 390:Ireland 1190:Panama 1180:Mexico 1160:Guyana 1105:Canada 1100:Brazil 1090:Belize 1062:states 451:Debtor 395:Russia 370:Cayman 365:Canada 1277:Aruba 1165:Haiti 1110:Chile 869:(PDF) 845:(PDF) 834:(PDF) 583:The 423:Other 385:India 375:China 1342:Saba 1262:and 1200:Peru 1125:Cuba 1014:2011 992:2011 816:2011 795:2011 774:2011 753:2011 732:2011 661:LITs 655:The 591:The 575:The 566:The 557:The 539:and 531:The 288:Lien 360:BVI 82:IVA 62:CVA 1435:: 871:. 836:. 1046:e 1039:t 1032:v 1016:. 994:. 972:. 882:. 854:. 818:. 797:. 776:. 755:. 734:. 520:e 513:t 506:v

Index

Insolvency

Administration
Bankruptcy
Chapter 7 (US)
CVA
Conservatorship
Dissolution
Examinership
IVA
Liquidation
Provisional liquidation
Receivership
Insolvency practitioner
Tribunal
Regulatory agency
Liquidator
Referee in Bankruptcy
Trustee in bankruptcy
Creditor
Preferential creditor
Secured creditor
Unsecured creditor
Administration (UK)
Chapter 11 (US)
Cram down
Restructuring
Scheme of arrangement
Fraudulent conveyance
Undervalue transaction

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