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Posted On: 06/22/2018 8:58:21 AM
Post# of 99128
$BIOAQ BK Dismissed and the CCAA in Canada, per PWC, is NOT BANKRUPTCY:
Q: Is a company that has filed for protection from its creditors under the Companies' Creditor Arrangement Act ("CCAA" in receivership or bankruptcy? A: In a word, no. A company (also referred to as the "Debtor" that has filed under the CCAA for protection from its creditors is not in receivership or bankruptcy.
CCAA Frequently Asked Questions , PwC Canada
Q: Is a company that has filed for protection from its creditors under the Companies' Creditor Arrangement Act ("CCAA" in receivership or bankruptcy? A: In a word, no. A company (also referred to as the "Debtor" that has filed under the CCAA for protection from its creditors is not in receivership or bankruptcy.
CCAA Frequently Asked Questions , PwC Canada
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