2009-12-28
No, not really. The process is generally the same for either a corporate and a personal bankruptcy, although the corporate ones are often more complex. The only real difference is that an individual person eventually gets a discharge - a release from the debts they owed when they filed, whereas a corporation never gets released from bankruptcy. I should note, however, that many large corporations are reorganized under the Companies' Creditors Arrangements Act ("CCAA"). This process is quite different from that found in the normal bankruptcy act. Ian Schofield MNP Regina 306-790-7904
2025-10-06
MNP Consumer Debt Index
Ontarians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
2025-10-06
MNP Consumer Debt Index
The financial vulnerability of Saskatchewan and Manitoba residents is intensifying as their financial cushions shrink and more households edge closer to insolvency.
2025-10-06
MNP Consumer Debt Index
Albertans’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
