A curation of recent Canadian insolvency-focused articles.

A Comprehensive Analysis of Transfers at Undervalue under Section 96 of the BIA – Part 1

Michael Myers of Papazian Heisey Myers notes that trustees and creditors appear reluctant to bring transfer at undervalue litigation and wonders if it is because it is not yet widely appreciated that the courts are empowered to void a transaction at undervalue even when there was no fraudulent intent on the part of the bankrupt transferor.

Roll-up DIPs: The other “shoe” drops

Rachel Bengino of TGF explains why the Court recently refused to recognize in Canada the debtor-in-possession financing facility granted to Payless Shoes in its US Chapter 11 proceeding.