Canadian Bankruptcy and Insolvency Law: Cases, Text, and Materials, 3rd Edition

Canadian Bankruptcy and Insolvency Law: Cases, Text, and Materials, 3rd Edition
Emond Publishing
Page Count:
Publication Date:
December 2014
Business, Corporate, and Commercial Law

Authored by leading experts from across the country, the third edition of Canadian Bankruptcy and Insolvency Law: Cases, Text, and Materials provides detailed and cutting edge commentary on all aspects of Canadian bankruptcy and insolvency law. The presentation of content fosters an appreciation for the practical, political, and intellectual importance of bankruptcy law, and the manner in which it permeates many aspects of modern corporate, commercial, and consumer law. In addition to providing an overview of the key issues in contemporary bankruptcy law, this text addresses the procedural aspects involved in different types of bankruptcy and insolvency proceedings, and their impact on debtors and creditors.

This edition of Canadian Bankruptcy and Insolvency Law: Cases, Text, and Materials has expanded in several areas to account for recent developments and elaborate upon particular subjects. It features new material on fraud, the objectives and outcomes of corporate restructuring proceedings, liquidations proceedings and asset sales under the CCAA, and developments following the enactment of the new BIA and CCAA cross-border insolvency provisions.

This text offers insight into the interplay of social, economic, and legal issues in the development of modern bankruptcy policy, and is an invaluable resource for legal professionals seeking to understand the actual operation of the Canadian bankruptcy system.

  • Discusses the influence that global interconnectedness has had on bankruptcy policy development
  • Presents a comparative analysis of the approaches taken in other jurisdictions
  • Provides a sequential account of voluntary and involuntary bankruptcy proceedings under the Bankruptcy and Insolvency Act for consumer and commercial bankruptcies, and commercial restructuring of debt pursuant to the Companies’ Creditors Arrangement Act
  • Outlines conflict of laws rules governing cross-border insolvencies, and Canada’s adoption of the UNCITRAL Model Law on Insolvency
  • Examines the developments that have been made to regulate the credit counselling industry in various jurisdictions, and the impact of the economic recession on consumer debt levels
  • Offers insightful commentary on how the bankruptcy system balances its policy objectives and operations (i.e. the rehabilitation of debtors and maintaining the integrity and efficiency of the system)

Table of Contents

Part I  —  Introduction
Chapter One  —  Introduction, Evolution, and Modern Objectives
I. Introduction
II. Evolution of Bankruptcy Law
III. Modern Bankruptcy Objectives
Chapter Two  —  Constitutional Aspects and the Structure of the Bankruptcy System
I. Constitutional Aspects
II. The Structure of the Bankruptcy System
III. Conclusion
Part II  —  Bankruptcy
Chapter Three  —  Initiation of Bankruptcy Proceedings and Consequences of Bankruptcy
I. Introduction
II. Initiation of Bankruptcy Proceedings
III. Consequences of Bankruptcy Order: Stay of Proceedings
Chapter Four  —  Property of the Estate
I. Introduction
II. What Is "Property"?
III. Secured Creditors
IV. Bona Fide Purchasers and the Like
V. Trusts
VI. The Intersection of Bankruptcy and Family Law
VII. Sales
VIII. Set-ff
Chapter Five  —  Review of Pre-Bankruptcy Transactions
I. Introduction
II. The Provincial Fraudulent Conveyance Laws
III. The BIA Transfers at Undervalue Provision
IV. The BIA Preference Provisions
V. The Provincial Preference Provisions
Chapter Six  —  Executory Contracts
I. Introduction
II. Disclaimer
III. Affirmation
IV. Assignment
Chapter Seven  —  Claims Against the Estate and Recovery of Claims
I. Introduction
II. Illustrative Cases
III. The Rule Against Double Proof
Chapter Eight  —  Secured Creditors, Crown Claims, and Statutory Deemed Trusts
I. Introduction
II. Secured Creditors' Claims
III. Crown Claims
Chapter Nine  —  Ranking of Creditors and Distribution of Proceeds
I. The Bankruptcy Scheme of Distribution
II. Unpaid Suppliers
III. Wage Claims
IV. Pension Fund Contributions
V. Environmental Claims
VI. Preferred Claims
VII. The Pari Passu Rule
VIII. Postponed Claims
Chapter Ten  —  Liability of Corporate Directors and Insolvency
I. Introduction
II. Directors' Personal Liability for Corporate Debts
III. Sanctions for Director and Officer Conduct Detrimental to Creditors
Chapter Eleven  —  Individual Bankruptcies and Consumer Issues
I. Introduction
II. Role of Trustees
III. Exempt Property
IV. Debtor's Obligation to Contribute Surplus Income to the Estate
V. Discharge
VI. Reaffirmation of Discharged Liabilities
VII. Credit Granting Practices and Their Impact on Bankruptcy Filings
Part III  —  The Companies' Creditors Arrangement Act
Chapter Twelve  —  The Companies' Creditors Arrangement Act: An Introduction
I. introduction
II. The Essentials of Restructuring Law
III. Scope of the CCAA
IV. The Initial Filing
V. Scope of the Stay
Chapter Thirteen  —  Carrying On Business During CCAA Proceedings
I. Introduction
II. The Monitor
III. Governance
IV. Executory Contracts
V. Derivatives
VI. Interim (DIP) Financing
VII. Critical Suppliers
VIII. Aspects of the Sale Process in Liquidating CCAAs
Chapter Fourteen  —  Claims
I. Introduction
II. Disputed and Late Claims
III. Mass Tort Claims
IV. Priorities
V. Avoidable Transactions
VI. Set-Off
Chapter Fifteen  —  Approval of CCAA Plans
I. Introduction
II. Voting and Classification of Claims
III. Acquisition of Claims
IV. Treatment of Shareholders
V. Treatment of Equity Claims
VI. Court Approval
Part IV  —  Bankruptcy and Insolvency Act Proposals
Chapter Sixteen  —  Bankruptcy and Insolvency Act Commercial Proposals
I. Genesis and Evolution of Commercial Proposals
II. Key Features of the Commercial Proposal Regime
III. Case Law
IV. Operational Experience Under BIA Part III.
Chapter Seventeen  —  Consumer Proposals
I. Alternatives to Consumer Bankruptcies
II. Case Law on Consumer Proposals
III. Credit Counselling and Consumer Education as Part of the Bankruptcy Process
Part V  —  Receiverships
Chapter Eighteen  —  Receiverships
I. Introduction
II. The Position at Common Law
III. The Statutory Regulation of Receiverships
IV. Priorities
V. The Rise and Fall of the Interim Receiver
VI. The New Approach to Receiverships
VII. Template Receivership Orders
Part VI  —  International Insolvencies
Chapter Nineteen  —  International Insolvencies
I. Introduction
II. Jurisdiction of Canadian Courts
III. Recognition and Enforcement of Foreign Insolvencies
Prices and Formats

Canadian Bankruptcy and Insolvency Law: Cases, Text, and Materials, 3rd Edition

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Canadian Bankruptcy and Insolvency Law: Cases, Text, and Materials, 3rd Edition Emond Reader ebook (1 Year Rental)

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Cover: Online
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Price: $80.00

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