Every week, experts Hon. Lloyd Houlden and Geoffrey Morawetz provide readers with valuable insights into bankruptcy and insolvency law by discussing some of the leading cases in their field.

The newsletter is best used to supplement their authoritative Bankruptcy and Insolvency Law of Canada, available online in InsolvencySource and in print (a 4-volume looseleaf service).

READ THE LATEST NEWSLETTER (subscribers only) 2012-05

January 30, 2012

• In Re Pacific Shores Resort & Spa Ltd. (2011), 2011 BCSC 1775, 2011 CarswellBC 3500 (B.C. S.C. [In Chambers]), notwithstanding objections raised by two secured creditors, the British Columbia Supreme Court granted an order extending the stay in a CCAA proceeding, and also increased the administration charge and imposed a director's charge. A DIP financing order was also granted.

See Houlden & Morawetz, Bankruptcy and Insolvency Law of Canada:

N§63 — Stay of Proceedings, Generally

N§64 — Procedure for Obtaining a Stay Order

N§93 — Debtor in Possession (DIP) Financing, Generally

N§104 — Stay of Actions against Directors

N§110 — Security or Priority Charge for Monitor's Fees

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