CPD 344.5 – An Update for BIA, 50.4 proposals and CCAA insolvency legislation (Session 5, Debtor-Creditor Update 2022)

Recorded 2022-11-24
Qualifies for 1.0 CPD Hour

Presenters: Jeff Lee,K.C., MLT Aikins LLP. Craig Frith, McDougall Gauley LLP.

Jeff and Casey delve into the intricacies of insolvency, discussing the Bankruptcy and Insolvency Act, its evolution, and accessibility. They explore options for insolvent individuals, including statutory remedies, balance sheet restructuring, and creditor compromises. The bankruptcy process, roles of court officers, and three main restructuring platforms are explained. They also discuss the sale of business assets and the importance of template orders and administrative notices in insolvency proceedings.