Form 31 Proof of Claim Introduction The Office of the Superintendent of Bankruptcy (OSB) published several amended Forms under the Bankruptcy and Insolvency Act (Canada) (BIA) to promote a more efficient and effective insolvency system, removing some outdated elements and ensuring better data integrity for all stakeholders. These amended Forms were originally set to come […]
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Stalking Horse Offer Introduction In Brandon’s Blog post, I provide an in-depth analysis of the stalking horse offer in the context of bankruptcy protection, drawing insights from a recent ruling by the Alberta Court in the case of Tool Shed Brewing. By examining the various elements that influence court decisions regarding such offers and the […]
bankruptcy and cra debt Bankruptcy and CRA Debt Introduction Finance Minister and Deputy Prime Minister Chrystia Freeland introduced the 2024 Federal Budget on April 16. During her presentation in Parliament, she advised that Budget 2024 will include that any capital gain will be taxed from the current 50% to two-thirds. April 30 was the last […]
Introduction Navigating the choppy waters of divorce is never easy. Apart from the emotional toll, there are intricate financial aspects that demand attention. One such aspect is the right of set-off between spouses, a concept that commonly surfaces in law, including the world of Ontario family law. This Brandon’s Blog aims to shed light on […]
What is CCAA protection? The Companies’ Creditors Arrangement Act (CCAA) allows insolvent companies owing creditors $5 million or more to seek CCAA protection. This can help them restructure their business and settle their debts over time. The CCAA gives such companies the ability to restructure their business affairs and financial obligations. In Canada, the CCAA […]
We hope that you and your family are safe, healthy and secure during this COVID-19 pandemic. Ira Smith Trustee & Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. What is in the Canadian Bankruptcy and Insolvency Act? Canada’s bankruptcy and insolvency laws are […]
We hope that you and your family are safe, healthy and secure during this COVID-19 pandemic. Ira Smith Trustee & Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. what does receivership mean What does receivership mean: Receivership is for secured claims What […]
licensed insolvency trustee for bankruptcy We hope that you and your family are safe, healthy and secure during this COVID-19 pandemic. Ira Smith Trustee & Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. Licensed Insolvency Trustee for bankruptcy on why businesses […]
We hope that you and your family are safe, healthy and secure during this coronavirus pandemic. Ira Smith Trustee & Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. Consumer proposal faq introduction If you’re struggling with financial obligations, you’ve probably thought […]
The Ira Smith Trustee Team is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. We hope that you and your family are safe and healthy. Licensed Insolvency Trustees, licensed by the Canadian Government A bankruptcy trustee (now called a Licensed Insolvency Trustee) is a person or company […]