Debt collection can be a challenging exercise for a creditor, particularly where the debtor makes, or may make, an assignment in bankruptcy. Due to the application of the Bankruptcy and Insolvency Act (Canada) (the “BIA“), bankrupt debtors receive protection from creditors’ claims, with claims typically being extinguished upon a debtor’s discharge from bankruptcy.
This article was originally published by Law360 Canada, part of LexisNexis Canada Inc.
