The extraordinary turmoil in the financial markets in recent times has caused many major economies, including the Canadian economy, to enter into a recessionary period. With the financial sector still trying to cope with the shocks of 2007 and 2008, prospects for a full Canadian economic recovery in the near future appear uncertain. Recent decisions by well-established Canadian companies such as Nortel Networks and Masonite International Corporation (a Kohlberg Kravis Roberts & Co.
Canada, Banking, Insolvency & Restructuring, Stikeman Elliott LLP, Bankruptcy, Debtor, Interest, Debt, Supply chain, Liquidation, Chrysler, Title 11 of the US Code, Bankruptcy and Insolvency Act 1985 (Canada)