page_title: Commercial insolvency in Canada
hierarchical_section_title: Commercial insolvency in Canada
caption_attribution_description: A closed restaurant in Ontario, Canada
context_page_description: Commercial insolvency in Canada has options and procedures that are distinct from those available in consumer insolvency proceedings. It is governed by the following statutes:
  The Bankruptcy and Insolvency Act
  The Companies' Creditors Arrangement Act
  The Winding-Up and Restructuring Act
  The following discussion concentrates on insolvency as it applies to corporations, but the rules apply to individuals and other entities involved in commercial matters as well, with necessary modifications.
context_section_description: Commercial insolvency in Canada has options and procedures that are distinct from those available in consumer insolvency proceedings. It is governed by the following statutes:
  The Bankruptcy and Insolvency Act ("BIA")
  The Companies' Creditors Arrangement Act ("CCAA")
  The Winding-Up and Restructuring Act
  The following discussion concentrates on insolvency as it applies to corporations, but the rules apply to individuals and other entities involved in commercial matters as well, with necessary modifications.
caption: A closed restaurant in Gananoque, Ontario
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