One of the purposes of early English bankruptcy legislation that is confirmed in Canada's version is to ensure,if possible,that potentially viable businesses are reorganized so they can continue operating for the benefit of creditors.

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Early English bankruptcy legislation, which has influenced Canadian law, indeed aimed to allow for the reorganization of potentially viable businesses. This approach helps such businesses to continue operating, which can be more beneficial for creditors in the long run, as it may lead to better recovery of debts compared to liquidation.

One of the Purposes of Early English Bankruptcy Legislation That