Navigating the complexities of cross-border bankruptcy and insolvency proceedings can be daunting for international businesses. This demystifying guide compares Chapter 11 of the U.S. Bankruptcy Code and Canada’s Companies’ Creditors Arrangement Act (CCAA), highlighting each jurisdiction’s unique processes and requirements.
The guide covers more than 30 core concepts in bankruptcy and insolvency law, from the initiation of proceedings to the roles of courts and oversight bodies. By understanding the differences between the two legal frameworks, businesses can better prepare for the challenges they may face when dealing with insolvency issues in either country.
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