Editing Bankruptcy (section)

====Commercial restructuring====
In Canada, bankruptcy always means liquidation. There is no way for a company to emerge from bankruptcy after restructuring, as is the case in the United States with a Chapter 11 bankruptcy filing. Canada does, however, have laws that allow for businesses to restructure and emerge later with a smaller debt load and a more positive financial future. While not technically a form of bankruptcy, businesses with $5M or more in debt may make use of the [[Companies' Creditors Arrangement Act]] to halt all debt recovery efforts against the company while they formulate a plan to restructure.