What Is A Plan Of Arrangement?
A Plan of Arrangement is a formal restructuring plan under the Companies’ Creditors Arrangement Act (the “CCAA”). It is similar to a Proposal under the Bankruptcy and Insolvency Act however, the rules for restructuring under the CCAA are generally more flexible while the costs of a filing under the CCAA are also generally higher than a Proposal. In addition, a restructuring under the CCAA is only available for Companies that owe at least $5 million.
Related Questions
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