Legal Remedies

Disclaimer: These articles are intended to provide only general legal information, not legal advice; for advice specifically about a particular case, consult a lawyer.

Court Declines to Approve Sale of Assets as Part of Proposal Proceedings

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In the decision of Justice Cumming In the Matter of the Proposal of Hypnotic Clubs Inc. (“Hypnotic” or the “Debtor”) the court dismissed a motion by the Debtor for a sale of its assets pursuant to s.65.13 of the Bankruptcy and Insolvency Act (“BIA”).


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Source: Roger Jaipargas, LLB, a lawyer in the Insolvency and Restructuring Group at Borden Ladner Gervais, LLP.

Published under: Legal Remedies
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Disclaimer: These articles are intended to provide only general legal information, not legal advice; for advice specifically about a particular case, consult a lawyer.