Pending Default of a Proposal under the BIA where the Canada Revenue Agency is a majority creditor: April 23, 2020 OSB Webpage

COVID-19 context

The CRA has heard from Licensed Insolvency Trustees (LITs) and the Office of the Superintendent of Bankruptcy (OSB) about debtors...

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S. 60(1.1) of the Bankruptcy and Insolvency Act effectively provides that unless Her Majesty consents, any court-approved proposal must provide...

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