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Plan of Compromise and Arrangement

What is a Plan of compromise or arrangement?
Companies' Creditors Arrangement Act (CCAA): A plan of arrangement is the written proposal made by an insolvent company to its creditors to compromise or restructure its liabilities under the CCAA.
What is a compromise and arrangement?
Compromise and arrangement refer to a legal process under which a company can restructure its debt or equity capital, or both, in a manner that is acceptable to its shareholders and creditors._{29 mar. 2023}
What is the Plan of compromise?
The purpose of the Plan is to effect a compromise, settlement and payment of all Affected Claims as finally determined for voting and distribution purposes, with the expectation that all Persons with an economic interest in the Debtor will derive a greater benefit from the implementation of the Plan than would result
The process begins in the Court system when the company applies to the Court for protection under the CCAA.
The Court will issue an Order giving the company 10 days of protection (often referred to as the "Stay") from its creditors to allow for the preparation of the Plan of Arrangement.

The purpose of the Plan is to effect a compromise, settlement and payment of all. Affected Claims as finally determined for voting and distribution purposes, Autres questions

Plan of Compromise and Arrangement

What is a Plan of compromise or arrangement?

What is a compromise and arrangement?

What is the Plan of compromise?