June 29, 2021
Professor published in corporate restructuring handbook
The first part of "The Evolution of Corporate Rescue in Canada and the United States" discusses what happened: the history of these statutes, the reasons traditional restructurings emerged, and the eventual move to liquidations. The second part explores the three broad reasons liquidation plans replaced restructuring. The third part of this chapter addresses the consequences of using rescue legislation to liquidate companies, and the final part of the chapter examines whether the bankruptcy forum should be abandoned in favour of non-bankruptcy legislation or private contracts, or whether the answer lies in improving the current legislative schemes.