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
2026-07-13
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, nearly three in five British Columbians (58%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
