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Bankruptcy and Insolvency Act |
Also found in: Acronyms | 0.01 sec. |
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Bankruptcy and Insolvency Act Legislation in Canada laying out requirements for most bankruptcies. Individuals and most businesses (excepting banks, insurance companies, and some other financial companies) may file for bankruptcy under the Act. It forgives debts not repaid after all reasonable efforts have been made to preserve assets on behalf of creditors. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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