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Bankruptcy act canada

bankruptcy act canada

The Parliament of Canada has exclusive jurisdiction to regulate matters relating to bankruptcy and insolvency, by virtue of s of the Constitution Act, It has passed the following statutes as a result: The Bankruptcy and Insolvency Act ("BIA") ; The Companies' Creditors Arrangements Act ("CCAA") ; The Farm Debt Mediation Act; The Wage Earner Protection Program Act. The Bankruptcy and Insolvency Act is a federal law which regulates bankruptcy and proposal proceedings in Canada and as a federal law, it applies to all provinces and all three territories. Bankruptcy and Insolvency Law is overseen by the Superintendent of Bankruptcy, a federally appointed government official who oversees the Bankruptcy. Bankruptcy and Insolvency Act (R.S.C., , c. B-3) Full Document: appears to the court that there are grounds for believing that the bankrupt has absconded or is about to abscond from Canada with a view of avoiding payment of the debt in respect of which the bankruptcy application was filed.

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