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Overview of Canadian bankruptcy law.(International Section)
INTRODUCTION
A "crash course" in Canadian bankruptcy law was probably not considered necessary for many American credit executives a decade ago. With the passage of time, however, as our economies steadily integrate, insolvency proceedings increasingly ignore the 49th parallel. While American and Canadian insolvency and restructuring regimes share some similarities, they are different in other important respects. This article provides a brief overview of insolvency proceedings in Canada that every American credit executive should take into account when they are involved in such proceedings. It outlines Canada's legislative framework and briefly describes the ...
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