Resources & Important Links

  • The Companies' Creditors Arrangement Act or CCAA is a Federal Act that allows financially troubled corporations the opportunity to restructure their affairs in Canada.
  • The Canadian Bankruptcy and Insolvency Act is: "An Act Respecting Bankruptcy and Insolvency" that sets out the law on bankruptcy in Canada. It is a federal act that applies to both businesses and individuals throughout Canada. The legislation includes the duties and powers of the Office of the Superintendent of Bankruptcy, a federal agency responsible for ensuring that bankruptcies are administered in a fair and orderly manner. The Act also covers commercial (Division III, Part 1) and consumer (Division III, Part 2) proposals.
  • The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) is the national professional organization representing 887 general members acting as trustees in bankruptcy, receivers, agents, monitors and consultants in insolvency matters. There are an additional 537 members (in the articling, life and corporate categories. The Association is a non-profit corporation, established in 1979 to advance practice of insolvency administration and the public interest related to it.
  • INSOL International is a world-wide federation of national associations for accountants and lawyers who specialise in turnaround and insolvency. There are currently 40 Member Associations world-wide with over 10,000 professionals participating as Members of INSOL International.
  • The Ontario Bar Association - Insolvency Law Section: Corporate-commercial practitioners and litigators dealing with creditors or debtors will find practical and focused programs on enforcement issues, structuring lending transactions and insolvency matters. Reorganizations, receiverships, liquidations, bankruptcies, legislative reforms and developing case law are among the many topics regularly updated and debated by some of the country's top practitioners, academics and regulators.
  • The Turnaround Management Association (www.turnaround.org) is the only international non-profit association dedicated to corporate renewal and turnaround management. Established in 1988, TMA has more than 9,000 members in 47 chapters, including 32 in North America. TMA members are a professional community of turnaround and corporate renewal professionals who share a common interest in strengthening the economy through the restoration of corporate value. All TMA members must sign a Code of Ethics each year specifying high standards of professionalism, integrity, and competence.
  • Founded in 1954, the Association for Corporate Growth, Inc. (www.acg.org) is the premier global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today ACG stands at over 12,000 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune1000, FTSE 100, and mid-market companies in 53 chapters in North America and Europe, including members in Toronto.
  • The CVCA – Canada’s Venture Capital & Private Equity Association – represents the majority of private equity companies in Canada, with over 1800 members. The CVCA is a leading source for advocacy, networking, information and professional development for venture capital and private equity professionals. CVCA members have over $75 billion in capital under management, in three distinct market segments:
    • Buyout is characterized chiefly by risk investment in established private or publicly listed firms that are undergoing a fundamental change in operations or strategy. Buyout funds are often called such, even if their mandates are not exclusively buy out related.
    • Mezzanine is characterized chiefly by use of Subordinated Debt, or preferred stock with an equity kicker, to invest largely in the same type of companies and deals as buyout funds.
    • Venture Capital is characterized generally by investment in early stage companies, mostly in technology businesses.
  • International Association of Asset Recovery - IAAR is the international membership organization for private sector and government professionals who work to recover assets derived from illegal activity or withheld from their rightful owners. Click on the link to be taken to their list of Top Links, Associations, Financial Intelligence Units, Asset Recovery Search Tools, and other resources and links.
  • The IAAR has created the world's first credential for asset recovery professionals, the Certified Specialist in Asset Recovery (CSAR). Jonathan Cooperman of Farber Financial Group is a Certified Specialist in Asset Recovery.