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Canadian bankruptcy: the first meeting of creditors. (International Affairs Section).
Editor's note: A previous article "Insolvency: The Canadian Landscape" appeared in the May 2002 issue of Business Credit providing an overview of the Canadian insolvency regime. This article explores in more detail creditors' rights in Canadian bankruptcy proceedings.
The mail arrives, and you open up an envelope only to learn that one of your Canadian customers has gone bankrupt! As the expression goes, "another one bites the dust!" The notice also extends to you an invitation to attend the first meeting of creditors.
How Do You RSVP?
The decision to become involved or not is a personal decision based upon the amount of your claim, your past ...
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