process in Canada. Firms in bankruptcy or in reorganization are typically small firms; the former being significantly smaller … reorganization. Finally, the Canadian bankruptcy process is efficient in offering a rapid solution to financial distress. However … during the period 1977-87. Descriptive statistics from the data are used to characterize the0501n features of the bankruptcy …

The0501n objective of the new Bankruptcy Act (Bill C-22) is to promote the use of financial reorganization in order to …, that there are several reasons to believe that encouraging firms that would otherwise have opted for bankruptcy to …

discussion of the solutions to financial distress with a particular emphazis on the use of the bankruptcy law. We discuss the … functionning of the Canadian bankruptcy law, the problems arising from the use of legal frameworks such as those prevailing in …

financial distress and that creditors gain, in expected value terms, from reorganization over liquidation. Based on our … revising Chapter 11 have raised the possibility that the Canadian reorganization system might be a good alternative to the …-supervised reorganization. Canadian evidence shows that acceptance, confirmation, and consummation rates of proposals are very high. Moreover …