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GS1

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Alias Born 07/11/2010

GS1

Re: hondaboost post# 23340

Monday, 07/30/2018 12:11:08 AM

Monday, July 30, 2018 12:11:08 AM

Post# of 146129
Wrong again ! PwC Confirmed this

FYI

Q: Is a company that has filed for protection from its creditors under the Companies' Creditor Arrangement Act ("CCAA") in receivership or bankruptcy?

A: In a word, no. A company (also referred to as the "Debtor") that has filed under the CCAA for protection from its creditors is not in receivership or bankruptcy. Rather, it has filed under the CCAA in order to devise a plan of restructuring and compromise for its creditors that avoids the company going into receivership or bankruptcy, with a view to keeping the Debtor company operating, increasing the amount that may ultimately be paid to creditors and preserving the Debtor's employees' jobs.

https://www.pwc.com/ca/en/services/insolvency-assignments/ccaa-faqs.html
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