Bankruptcy and Insolvency Act
The Bankruptcy and Insolvency Act (BIA; French: Loi sur la faillite et l'insolvabilité) is one of the statutes that regulates the law on bankruptcy and insolvency in Canada. It governs bankruptcies, consumer and commercial proposals, and receiverships in Canada.
| Bankruptcy and Insolvency Act | |
|---|---|
| Parliament of Canada | |
Long title
| |
| Citation | RSC 1985, c. B-3 |
| Enacted by | Parliament of Canada |
| Assented to | 1985 |
It also governs the Office of the Superintendent of Bankruptcy, a federal agency responsible for ensuring that bankruptcies are administered in a fair and orderly manner.
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