Author: Spencer Norris

Insolvency proceedings, whether pursuant to the Bankruptcy and Insolvency Act (“BIA”), the Companies Creditors’ Arrangement Act (“CCAA”), are intended to bring a fair, organized, and transparent means of addressing a debtor’s insolvency. Essential to insolvency proceedings are claims processes, which are organized statutory or court-ordered processes whereby claims are submitted, reviewed, assessed, and determined. Claims processes are a means of assessing and valuing claims efficiently and fairly without the need of each claimant having to seek judgment against the debtor. This paper explores the common claims processes and contemplates factors to consider when preparing proofs of claim.

This paper is part of a collection presented at LESA’s Bankruptcy and Insolvency program in Edmonton on February 21, 2025.