ARTICLE · 04 OCTOBER 2009

Focus On Insolvency - September, 2009

Dentons Canada LLP

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On September 18, 2009, amendments (the "Amendments") to the Companies’ Creditors Arrangement Act (the "CCAA") and Bankruptcy and Insolvency Act (the "BIA") came into force.

CanadaInsolvency/Bankruptcy/Re-Structuring

Roger Simard

Mary Buttery

Louis Dumont

Shayne R Kukulowicz

David LeGeyt

Alexander MacFarlane

David Mann

Christopher Ramsay

Philip Rimer

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If you have any questions or would like further information on these Amendments to the CCAA and BIA, please contact one of the following members of our Insolvency, Bankruptcy and Restructuring Group.

SUMMARY OF AMENDMENTS TO THE CCAA AND BIA

On September 18, 2009, amendments (the "Amendments") to the Companies' Creditors Arrangement Act (the "CCAA") and Bankruptcy and Insolvency Act (the "BIA") came into force.

The CCAA Amendments are applicable to all entities which commence proceedings under the CCAA on or after September 18, 2009. The BIA Amendments are applicable to all persons that become bankrupt, file a notice of intention or a proposal, or have an interim receiver or receiver appointed in respect of all or part of that person's property on or after September 18, 2009.

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