Insolvency lawyer introduction So you’ve been through a tough time with debt, and you’re thinking about starting a business? Well, the goal of the Canadian insolvency system is to allow people in financial distress to bounce back, even after dealing with bankruptcy or a consumer proposal. In this Brandon’s Blog, I discuss why you need […]
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What is a Trustee in Canada? Trusts might seem a little confusing, but they’re super important when it comes to managing assets and making sure your wishes are respected. Whether you’re involved with a trustee in Canada as a settlor, a beneficiary, or especially as the trustee, it’s really important to know what your responsibilities […]
if you file for bankruptcy what happens If You File For Bankruptcy What Happens? Introduction Imagine waking up one day, dreading opening your mail because every letter screams ‘DEBT.’ That is the reality for many people. I never dreamt I’d end up contemplating bankruptcy, but sometimes life takes unexpected turns. This Brandon’s Blog answers the […]
Becoming Bankrupt: Introduction Are you struggling with overwhelming debt and considering becoming bankrupt? If so, you are not alone. Many people and businesses continue to struggle from the COVID-19 pandemic and are only now hitting the wall. This Brandon’s Blog is a comprehensive guide exploring the intricacies of bankruptcy in Canada. I provide essential insights […]
what does bankruptcy protection mean What does bankruptcy protection mean? Canada’s Bankruptcy & Insolvency Act What does bankruptcy protection mean? Bankruptcy protection is a legal status granted to individuals or businesses under Canada’s Bankruptcy and Insolvency Act (BIA). This protection shields debtors from creditor actions while working towards a fresh financial start, whether through bankruptcy […]
Collection Agency Lawsuit: Introduction As a licensed insolvency trustee, I’ve witnessed the serious effects that a debt collection agency or other creditor lawsuits can have on people and their families. The idea of being sued can feel incredibly daunting, especially when you learn from your lawyer that your chances of winning might not be great. […]
Bank ruptcy: Introduction I know it looks weird, but I have noticed through our software that people wanting to find out more about the Canadian bankruptcy process are searching for the two-syllable phrase “bank ruptcy“. I started to investigate this phenomenon. It turns out that individuals may often search for the term “bankruptcy” by entering […]
Canada trustee Canada Trustee Introduction As a Licensed Insolvency Trustee and Estate Trustee in Greater Toronto Ontario, Canada area, I have the honour of assisting individuals and families during some of the most challenging periods of their lives. Whether addressing personal bankruptcy, facilitating corporate restructuring, or managing the administration of a loved one’s estate, my […]
If You Declare Bankruptcy What Happens? Introduction to Financial Hardships In life, we often face unexpected challenges that test our resilience and determination. Such is the experience of people we help who have encountered financial hardships due to an unforeseen event outside of their control such as job loss. The burden of mounting debts and […]
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 […]