Corporate Bankruptcy
The End of a Business – Corporate Bankruptcy in Canada
Canadian Companies can face Corporate bankruptcy either voluntarily or involuntarily. Corporate bankruptcy will be the End of the Company’s Existence. Good to know! In exceptional circumstances, a bankrupt company could make a proposal in order to exit bankruptcy. Creditor approval is required for this to occur.
Read MoreDirector Obligations and How To Prevent Corporate Debts From Becoming Personal
Company debts can become personal debts. It is important to understand the links between the Company and directors (including guarantors of Company debts). These links need to be considered and managed when dealing with a Company insolvency. We have the experience to help.
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