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Rescue and liquidation in restructuring law
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- Author(s) / Creator(s)
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Introduction: Two critical questions emerge when considering rescue and liquidation in Canadian restructuring law. The first is whether the use of the traditional restructuring to rescue a financially distressed firm has become a thing of the past - whether it is on its way out and being replaced with a court-supervised sale mechanism as the preferred method for ensuring that the value of the assets of an insolvent firm will be maximized. The second is about the appropriate method for effecting a liquidation in the event that this is considered to be the preferred route - does it make sense to be using a scheme that was originally designed for restructuring to accomplish this task?
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- Date created
- 2013
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- Type of Item
- Article (Published)
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- License
- © 2013 Canadian Business Law Journal. This article has been reproduced with the permission of the CBLJ.