Canada: Insolvency/Bankruptcy

When garnishment isn't enough to recover a debt, initiating a land sale offers a powerful enforcement remedy. This guide walks through the detailed process of preparing for and executing a sheriff's sale of a debtor's property, from the mandatory waiting period to gathering essential documentation like parcel registers, mortgage statements, and certified appraisals.

The AI boom is creating unprecedented demand for GPUs, servers, power systems, cooling infrastructure, and other data center assets in Canada. As highlighted in the Equipment Lease & Finance Association’s (ELFA) recent article, as part of the data center “gold rush,” equipment finance has become a critical part of the capital stack supporting data center development, with lenders increasingly financing GPU-backed infrastructure and related technology assets. Canada’s cooler environment, expansive geography and access to abundant water and electricity in certain provinces, make the country a desirable location to build data centers.

Canadian businesses facing financial pressure from U.S. tariffs and countermeasures may experience covenant breaches and liquidity challenges. Understanding available remedies and engaging lenders early can preserve options and strengthen negotiating positions before defaults occur.

Health Canada has introduced a new Ministerial Reliance Order (MRO) that represents a significant development in Canada’s drug regulatory framework. The MRO creates a new mechanism allowing Health Canada, in defined...

Liability management exercises (LMEs) enable borrowers to restructure debt outside formal insolvency proceedings by exploiting flexible loan documentation. As Canadian companies increasingly access U.S. debt markets with permissive covenant packages, understanding drop-down, uptiering, and double-dip structures becomes essential for lenders seeking to protect their interests.

Lenczner Slaght, Canada's leading litigation firm, announces major achievements including recognition as Litigation & Dispute Resolution Boutique Law Firm of the Year at the 2026 Canadian Law Awards. The firm welcomes 11 exceptional law students for summer positions and celebrates partner Sahar Talebi's receipt of the 2025 Dual JD Transnational Leader Award for her outstanding professional achievements and international contributions.

The Court of King's Bench of Alberta denied receivership applications in a dispute involving two groups of related entities, distinguishing the Supreme Court's decision in Petrowest and concluding that arbitration was the more appropriate forum.

The Ontario Superior Court of Justice has reinforced the single proceeding model in insolvency matters, determining that court-appointed receivers can pursue claims agains...

In its recent decision in Angus A2A GP Inc v Alvarez & Marsal Canada Inc (“Angus A2A”),[1] the Alberta Court of Appeal upheld an “unusual” set of proceedings under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) initiated by equity investors rather than the debtor companies themselves or creditors. The principal issue before the Court was whether such investors could qualify as “interested persons” capable of commencing CCAA proceedings.