In 2005 and 2007 the Parliament of Canada passed statutes to amend the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 (the “BIA”) and the Companies Creditors’ Arrangement Act, R.S.C. 1985, c. C-36 (the “CCAA”). Some amendments to the BIA and CCAA were proclaimed in force on July 7, 2008. The remainder will come into force on September 18, 2009.
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