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Bankruptcy Reform in Canada – Yet Further Protection for Pension Plan and Employee Claims?

Posted in Bankruptcy & Insolvency, Pension

Amendments to the Bankruptcy and Insolvency Act (BIA) and related new legislation came into force in the summer of 2008 which were aimed at significantly enhancing and protecting, among other things, employee related claims against bankrupt or insolvent companies.  The amendments included a super priority charge over all assets for some, but not all, pension… Continue Reading