Companies' Creditors Arrangement Act

The Companies' Creditors Arrangement Act (CCAA; French: Loi sur les arrangements avec les créanciers des compagnies) is a statute of the Parliament of Canada that allows insolvent corporations owing their creditors in excess of $5 million to restructure their businesses and financial affairs. == The CCAA within the Canadian insolvency regime == In 1990, the British Columbia Court of Appeal discussed the background behind the introduction of the CCAA in one of its rulings: The CCAA was enacted by Parliament in 1933 when the nation and the world were in the grip of an economic depression.

Source: Wikipedia — Companies' Creditors Arrangement Act (CC BY-SA 4.0)

Companies' Creditors Arrangement Act

The Companies' Creditors Arrangement Act (CCAA; French: Loi sur les arrangements avec les créanciers des compagnies) is a statute of the Parliament of Canada that allows insolvent corporations owing their creditors in excess of $5 million to restructure their businesses and financial affairs. == The CCAA within the Canadian insolvency regime == In 1990, the British Columbia Court of Appeal discussed the background behind the introduction of the CCAA in one of its rulings: The CCAA was enacted by Parliament in 1933 when the nation and the world were in the grip of an economic depression.

This neuron ends here.

Source: Wikipedia "Companies' Creditors Arrangement Act" · CC BY-SA 4.0

Share this article: X · Bluesky
Privacy Policy