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Category: Insolvency News

4Pillars – Class Action Clause

June 18, 2021

Very interesting Appeals Court case on contractual clauses that appear to have the effect of protecting companies from legal consequences.

Statute Barred Debts

June 8, 2021

Statute barred debts are an interesting concept and one that is frequently misunderstood. The challenge is to wrap one’s head around the fact the debt didn’t just disappear, it still exists, but it is uncollectable – unless the debtor volutarily makes payments.

CERB Forgiveness

June 2, 2021

Millions of Canadians, reportedly, received the CERB benefits when they should not have. Among them were other benefit recipients, pensioners and self-employed people.

Division One Proposals for Small Businesses

May 31, 2021

Joint Division One Proposals can include you and your business as well as, potentially, your spouse – getting all of your debts to one manageable monthly payment.

Property of the Bankrupt

May 10, 2021

Section 67 (1) of the Bankruptcy & Insolvency Act sets out what property of the bankrupt is divisible amongst his/her creditors.  Many people live in fear of bankruptcy because they think that they will lose everything they own to the trustee.  That is simply not the case. If you are holding property in trust for […]