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Technology Stocks : Corel Corp.
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To: opalapril who wrote (9210)5/26/2000 8:09:00 PM
From: Picanoc  Read Replies (1) of 9798
 
The closest equivalent is CCRA. In general, Cdn law in this area is less friendly to the company, and is harder to merge from. However, the trend is more towards a US type.

The petitioning company can present a plan, similar to the US pattern. However, it is IMHO a little more binary, so the creditor's committee has less power unless they act to kill the company. And yes, the common shareholders take it....

I don't see bankruptcy, because Corel's debt is not it's problem.
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