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While lenders in the US will be familiar with the caution to "always lend to your assets", many may not be aware that the foregoing principle derives from fraudulent conveyance concerns under the US Bankruptcy Code. The following highlights the differences between the mechanisms under US and Canadian bankruptcy legislation for avoiding fraudulent conveyances.

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Kevin J. Morley
Toronto
416.216.2300
kmorley@ogilvyrenault.com
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Jennifer Stam
Toronto
416.216.2327
jstam@ogilvyrenault.com
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