WHEN FILING FOR BANKRUPTCY IN CANADA

This received a 27/28 in my OAC law class so, have a blast..... WHEN FILING FOR BANKRUPTCY IN CANADA The law sometimes seems to pervade all aspects of our lives and an involvement with bankruptcy and insolvency law has proved to be almost unavoidable for business people in Canada during the 1990’s. In simplest term, corporate and individual bankruptcy law provides a set of rules to prevent chaos among the creditors of an insolvent corporation or …

…individual or corporation. Although, they do outline the proper procedure that one should take in order to and when filing for bankruptcy. Those laws can be found in the Bankruptcy and Insolvency Act ( BIA ). This just goes to show you that the law does indeed pervade all aspects of our lives and an involvement with bankruptcy and insolvency law has proved to be almost unavoidable for business people in Canada in this day and age.