After years of waiting, significant amendments to the Canadian regime of bankruptcy and insolvency law were declared in force as of September 18, 2009 (Amendments).
Canada, Insolvency & Restructuring, Miller Thomson LLP, Wage, Bankruptcy, Debtor, Consideration, Fair market value, Secured creditor, Prejudice, UNCITRAL, Title 11 of the US Code
No doubt by now, every creditor knows of the new protections given to employees in the face of a company’s insolvency as a result of the enactment of the Wage Earner Protection Program Act (“WEPPA”) and related amendments to the Bankruptcy and Insolvency Act (“BIA”) on July 7, 2008.
USA, Employment & Labor, Insolvency & Restructuring, Miller Thomson LLP, Wage, Bankruptcy, Debtor, Audit, Accounts receivable, Severance package, US Federal Government, Bankruptcy and Insolvency Act 1985 (Canada)