The outbreak of the 2019 novel coronavirus disease (COVID-19) has rapidly spread throughout the world, including Canada. On March 11, 2020, the World Health Organization declared COVID-19 a worldwide pandemic. In addition to exacting a tremendous human toll, the pandemic has caused unprecedented global economic disruption. The swiftness of COVID-19's economic impact has resulted in many Canadian business unexpectedly becoming financially distressed. This Practice Note considers some of the insolvency and restructuring considerations of the outbreak.