If you would prefer to listen to an audio version of this insolvency and bankruptcy act Brandon’s Blog, please scroll to the bottom and click on the podcast. Introduction The administration of the Canadian insolvency and bankruptcy system and the enforcement of the insolvency and bankruptcy act is delegated to the Office of The Superintendent […]
Search: “bankruptcy faq”
We found 194 results for your search.
OSAP bankruptcy Introduction I have written before on the issue of the difficulty in discharging student loans through bankruptcy. Bankruptcy will certainly not release your student loans debt until you’ve been out of full or part-time studies for 7 years. It is also question and answer #8 in our TOP 20 PERSONAL BANKRUPTCY FAQS found […]
Bankruptcy vs consumer proposal: Introduction In this Brandon’s Blog, we discuss the issues about bankruptcy vs consumer proposal. We will use a real-life case study involving a woman and her pet, to show the reasons why consumer proposals are better than bankruptcies. First, I should provide a very brief outline of how a dog or […]
Bankruptcy in Ontario Canada: Introduction Most people are afraid of filing for bankruptcy in Ontario Canada and rightly so. It should be a last resort. There are many options available to people in financial trouble. All of them should be canvassed before deciding to declare bankruptcy. In my professional practice, during the first free […]
Trustee Act Ontario: Introduction I want to highlight a provincial statute that is also important for the administration of a deceased estate; the Trustee Act, R.S.O. 1990, c. T.23 (Trustee Act Ontario). This blog continues my blog series to show how it would be proper to appoint a licensed insolvency trustee (LIT or bankruptcy trustee) […]
If you would rather hear an audio version of this administration of estates act Canada, please scroll down to the bottom of this page and click on the podcast. Administration of estates act Canada: Introduction I want to discuss with you another provincial statute that is very important for the administration of estates act Canada; […]
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 […]
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 […]
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 […]