Estates Act Ontario: Introduction I am continuing my series of blogs to show how it would be very natural to appoint a licensed insolvency trustee (LIT or bankruptcy trustee) (formerly known as a bankruptcy trustee) as the estate trustee (formerly called an executor or executrix) of a solvent deceased estate under the Estates Act Ontario. […]
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Trustee of deceased estate: Introduction I have previously written on what happens when a person dies insolvent, i.e. their debts are greater than the value of their assets. My blogs on being a trustee of deceased estate that is insolvent are: CAN YOU BANKRUPT A DEAD PERSON? DEATH OF A DEBTOR, PART 1 DEATH OF […]
How bankruptcies work for businesses: Introduction How bankruptcies work for businesses: Introduction Recently I have written several blogs focussing on insolvency and specifically the topics of consumer proposal and personal bankruptcy. To round out the discussion, this Brandon’s Blog discusses how bankruptcies work for businesses in Canada. To be clear, the goal for either personal […]
I prepared this Brandon’s Blog to explain the differences between a consumer proposal Canada and bankruptcy. i hope this will help explain the differences.
What is the difference between bankruptcy and insolvency Canada: Introduction Encountering major money troubles is life-shattering, especially if you automatically think that bankruptcy is your only alternative. As a matter of fact, lots of people erroneously think that serious financial difficulties immediately suggest the only answer is bankruptcy. The most common question I am asked […]
JUNE 17, 2019 UPDATE: The Court of Appeal for Ontario reversed this lower court decision. You can read all about it in our blog update – INSOLVENT DEFINITION RESTORED IN COURT OF APPEAL FOR ONTARIO Insolvent definition: Introduction The basis of the Canadian insolvency system is to assist the honest but unfortunate person or company […]
We are trying something new. At the bottom of this holiday spending in Canada tips blog is an audiogram of this Brandon’s blog. If you would prefer to listen to it, and not read it, scroll down to the bottom and press on the play button. Let us know what you think by sending us […]
Full disclosure: Ira Smith Trustee & Receiver Inc. is a licensed insolvency trustee firm in Vaughan (Toronto) Ontario. It is not an income tax advisory firm and does not provide income tax services. The information contained here is merely my opinion on SMALL BUSINESS CANADA TAX issues. This blog must not be relied upon for income […]
Bankruptcy trustee near me: Introduction This Brandon’s Blog is about picking a licensed insolvency trustee. As the title suggests, performing an online search for bankruptcy trustee “near me”, based solely on geography, is one way. Being around the corner is certainly convenient, but it may have no place in making a life-altering decision. This isn’t […]
Consumer proposal Ontario: Introduction I am finding that more people are calling me to ask about a consumer proposal Ontario. This is a Canadian federal government authorized program for people to lower their consumer debt. What is triggering the boost in these queries? Consumer proposal Ontario: New Ipsos Canadian consumer debt survey A brand-new […]