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Court File No. CV131027900CL ONTARIO SUPERIOR COURT OF JUSTICE COMMERCIAL LIST IN THE MATTER OF THE COMPANIES CREDITORS ARRANGEMENT ACT, R.S.C. 1985, c. C36, AS AMENDED BETWEEN: AND IN THE MATTER
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A compromise or arrangement is a legal process where a company and its creditors or shareholders agree to restructure the company's debts or alter its structure to avoid bankruptcy or liquidation.
A company or its authorized representatives are required to file a compromise or arrangement.
To fill out a compromise or arrangement, the company or its authorized representatives must provide detailed information about the proposed restructuring plan, financial statements, and supporting documents.
The purpose of a compromise or arrangement is to provide a company facing financial difficulties with an opportunity to restructure its debts, reach an agreement with creditors or shareholders, and avoid bankruptcy or liquidation.
The information that must be reported on a compromise or arrangement includes the proposed restructuring plan, financial statements, details of creditors or shareholders, and any other relevant details required by the applicable laws and regulations.
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