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Best Practices: Pre-Packaged Bankruptcy Filings




by:
Derrick C. Tay
Ogilvy Renault LLP - Toronto Office

 
June 11, 2009

Previously published by LexisNexis® Martindale-Hubbell® Counsel to Counsel Magazine on May 2009

Situation: Due to the economy, even relatively strong companies are having difficulty accessing the capital markets to refinance debt and/or fund ongoing operations. Unfortunately, senior  management often view Chapter 11 or CCAA reorganization (under Canada's Companies' Creditors Arrangement Act) as an option of last resort and wait too long to begin the restructuring process. That, in part, is leading to an increase in Chapter 11/CCAA filings.

Click here to read the full article in Counsel to Counsel e-magazine.



 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 

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