The interaction between bankruptcy and the CBCA is that if you are insolvent you may not use the liquidation dissolution provisions of the CBCA to liquidate; you have to go through either the Bankruptcy and Insolvency Act or the Companies' Creditors Arrangement Act. The CBCA only deals with solvent companies trying to liquidate. The two are totally separate pieces of legislation.
On November 4th, 2009. See this statement in context.