The Companies Creditors Arrangement Act (CCAA) allows insolvent corporations owing their creditors in excess of $5 million to restructure their business and financial affairs.
Often used as part of a plan to negotiate a way out of insolvency, the CCAA is part of our legislative framework to manage insolvencies. Pallett Valo has experience guiding the indebted company, as well as lenders, suppliers, and landlords through CCAA proceedings.