BioAmber Inc (fka BIOAQ)

[Rustyhotrod]

I don’t know how to post a pic on here but this is off pwc site, FAQ of CCAA.

CCAA Frequently Asked Questions

Q1: 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 remain in possession and control of its assets (subject only to oversight from the Court and the Monitor) while it comes up with a plan to deal with its creditors.