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Category: Insolvency News

WHAT IS THE DIFFERENCE BETWEEN INSOLVENCY AND BANKRUPTCY?

September 5, 2017

Many people and companies are or can be insolvent without being bankrupt.  One of the criteria for becoming bankrupt is being insolvent.  We might use the analogy that all apples come from trees but not all trees produce apples. Liquidity is a word that we hear bantered around – back in 2008/9 Canadian banks were […]

INTERESTING ARTICLE

September 5, 2017

The article identifies some areas of ethical concern When should we be concerned about the relationship between debt consultants and bankruptcy trustees? Posted on September 13, 2015 by Mark Silverthorn I can empathize with a bankruptcy trustee who not only has to compete for revenues with other trustees but also credit counselling agencies and debt […]

407 ETR JUDGEMENT TO BE RELEASED

September 5, 2017

The Supreme Court of Canada will release judgement this week. Finally the supreme Court of Canada will be releasing its decision on the now reknowned 407 ETR appeal case this Friday the 13th of November at 9:45 a.m. stay tuned for the update.

TOP 1% EARN (AND OWN) MORE THAN 99%

September 5, 2017

Hardly news but mainstream media reports suggest it is. There is no doubt that the disparity between rich and poor has been growing steadily over the last 4-5 decades.  In fact the divide between the ‘haves’ and the ‘have nots’ is worse today than it was during feudal Britain when serfs owned no property at all, this […]

SHHH! DON’T TELL THE KIDS WE WENT BANKRUPT!

September 5, 2017

NO! Don’t tell them that life is anything but a reflection of Hollywood! What a way to set your children up for future problems.  Believe it or not it is very healthy for children to be educated in all sorts of real life skills and that includes knowing how to manage financial challenges. Unfortunately, our […]

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