This book is a detailed study of the debtor-creditor relationship, with particular attention to the position of the unsecured creditor. It deals with this relationship from the viewpoint of the remedies available to the creditor, the more positive aspect of the relationship: apart from the statutory device of bankruptcy, debtors’ rights are almost entirely negative in character . In general it is only the creditors who have rights; debtors have the corresponding responsibilities. In these times of "credit-existence" this account is an important source of information for those in the field of law, economy, politics, and business.

Hon. Justice Mark MacGuigan (1931-1998) was a professor of law at the University of Toronto, Osgoode Law School, and dean of the Faculty of Law at the University of Windsor prior to his career in federal politics. During the last Trudeau government in the 1980s, he served as Secretary of State for External Affairs, Minister of Justice, and Attorney General of Canada.

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