Written By Mark Laugesen, Karma Dolkar and Danish Afroz

This table provides a summary overview of the procedural steps for attacking transactions under ss. 95 and 96 of the Bankruptcy and Insolvency Act where the transaction had the effect or was intended to prefer one creditor over another or for which the debtor received consideration that is conspicuously less than the fair market value of the consideration given by the debtor. Published by Lexis Practice Advisor Canada – Insolvency.