There are many similarities between the sale of assets through a bankruptcy sale in the United States under Section 363 of the U.S. Bankruptcy Code and the sale of assets under Canada’s Companies’ Creditors Arrangement Act or Bankruptcy and Insolvency Act. Although the two countries’ legislation is...

The fact pattern may sound all too familiar to bankruptcy practitioners: Heightened Scrutiny Inc. is a multichannel computer and software family business founded in 1984 with current revenue of $65 million and 100 employees. The company has experienced sustained losses caused by increased...