Bankruptcy and Insolvency at a Glance (Infographic) thumbnail
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Bankruptcy and Insolvency at a Glance (Infographic)

This infographic defines and describes:

  • The Options: Bankruptcy, Proposal, CCAA (Companies' Creditors Arrangement Act) Proceeding
  • The Main Stakeholders: the Debtor (owes money), Creditors (are owed money), Licensed Insolvency Trustee (LIT), Office of the
    Superintendent of Bankruptcy (OSB)
  • The Legislation: Bankruptcy and Insolvency ActCompanies' Creditors Arrangement Act, Wage Earner Protection Program Act