Summary of the analysis of the potential effects of commercial insolvency legislation on the terms and conditions of external financing for SMEs

by Jocelyne Gosselin, Benoit Mario Papillon and Sébastien Deschênes

October 2007

Excerpt

"This research project explores the possible links between the provisions of commercial insolvency legislation in Canada and access to bank and trade credit. It will provide for developing a certain number of research assumptions regarding the impact on SME access to capital of the current provisions of the commercial insolvency legislation and of their amendments as envisaged in Bill C-55. The project is also intended to provide a preliminary assessment of these assumptions and of the model proposed by some practitioners in the area of bank and trade credit."