Companies' Creditors Arrangement Act

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Companies’ Creditors Arrangement Act
An Act to facilitate compromises and arrangements between companies and their creditors
Citation	SC 1932‑33, c. 36 (now RSC 1985, c. C-36) [1]
Territorial extent	Canada
Enacted by	Parliament of Canada
Date enacted	1933
Amendments
SC 1952‑53, c. 3; SC 1990, c. 17; SC 1997, c. 12; SC 1998, c. 30; SC 2000, c. 30; SC 2001, c. 34; SC 2005, c. 47; SC 2007, c. 29; SC 2007, c. 36
Related legislation
Related Provisions (English) Dispositions connexes (French)

The Companies' Creditors Arrangement Act ("CCAA")^[1] is a statute of the Parliament of Canada that allows insolvent corporations owing their creditors in excess of $5 million to restructure their business and financial affairs.

Contents

• 1 The CCAA within the Canadian insolvency regime
  • 1.1 Discretionary power of the court in a CCAA reorganization
• 2 Application of the Act
  • 2.1 Eligibility
  • 2.2 Debtor protection
  • 2.3 Approval of the compromise or arrangement
• 3 Powers of the court
  • 3.1 Stay of proceedings
  • 3.2 Scope
  • 3.3 Stability during proceedings
  • 3.4 Other powers
• 4 Comparison of CCAA with other bankruptcy protection proceedings
• 5 Notable CCAA proceedings
• 6 Relevant cases
• 7 References