Domenico Magisano, Commercial Litigation Partner at Lerners LLP, discusses generally what happens when a company is insolvent and how restructuring tools can be used to help companies emerge from insolvency stronger.
Video Chapters
- 00:25 – Is there a difference between bankruptcy and insolvency?
- 01:05 – The media often speaks of bankruptcy protection, what does this mean?
- 01:37 – What is the equivalent to Chapter 11 in Canada?
- 02:37 – What happens if the creditors do not accept the proposal or plan of arrangement?
- 03:24 – What is a receiver?
- 03:51 – How is a receiver appointed?
- 04:28 – What is the difference between a court-appointed and privately-appointed receiver?
- 05:32 – Are there other restructuring tools available to creditors and debtors?
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