The Companies’ Creditors Arrangement Act (CCAA) is a federal law that allows insolvent corporations with debt in excess of five million dollars to restructure their business and financial affairs. The purpose of the CCAA legislation is to enable a distressed company to restructure its debt so it can avoid bankruptcy and carry on in business while maintaining its social and economic benefits to society.
To find out how this specifically impacts you and your company, arrange a meeting with one of our debt solution professionals. Knowing your options is the first step to putting your mind at ease. And that’s why we’re here.
Thank you very much for all your help and giving us pointers.Marguerite and Jeff