Creditors Arrangement act (Bill C-36)
The most complex financial restructuring is generally done under the Creditors Arrangement Act (Bill C-36). The provisions of this act can only be used by companies having more than $5,000,000 in debt, generally with different secured positions by certain creditors upon the assets of the company, and often with related and affiliated groups having cross guarantees. These reorganizations are complicated and costly.
Imprimer cette page