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Bankruptcy and Insolvency Act information


Bankruptcy and Insolvency Act
Parliament of Canada
Long title
  • An Act respecting bankruptcy and insolvency
CitationRSC 1985, c. B-3 [1]
Enacted byParliament of Canada
Assented to1985

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.

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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