The CCAA encourages creditors to cooperate with a view to saving a still viable but struggling business.

Name: The CCAA encourages creditors to cooperate with a view to saving a still viable but struggling business.
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The Companies' Creditors Arrangement Act (CCAA) in Canada is designed to allow financially troubled corporations the opportunity to restructure their affairs, with the aim of avoiding bankruptcy and allowing the business to continue operating.

The CCAA Encourages Creditors to Cooperate with a View to Saving