I am proud to say that we have helped family members of lawyers and accountants who know us. They felt safest referring a loved one to us. That is the best feeling in the world for everyone! The Ira Smith Team has decades and generations of experience people and companies in financial ...
However, keep in mind that we are not lawyers. Trustee conclusion To wrap things up, it’s of utmost importance to have thorough preparation in place to ensure a highly productive initial consultation with a Trustee. I’ve delved into various pivotal measures you can adopt to optimize the ...
ELFCo also asserted that a receiver and manager in these circumstances would be limited to the negotiation of the transfer of a limited number of legal files to new lawyers. It submits that this is not an appropriate mandate for a receiver and manager and that it would not be commercially ...
There have traditionally been two insolvency processes available to licensed insolvency trustees, insolvency lawyers, and company stakeholders. The two are (i) liquidating assets; and (ii) reorganizing companies. In general, assets are liquidated through either receivership or bankruptcy. Incorporated compa...
It was also confusing for lawyers and licensed insolvency trustees. In my March 15, 2021, Brandon Blog titled “STATUTE OF LIMITATIONS: IS STATUTE BARRED DEBT A BASIC PROPER BANKRUPTCY CLAIM IN ONTARIO?“, I described the decision of Master Mills (as she then was) who has since been ...
We are not lawyers, and the general advice I am going to give you is not meant to replace the advice of a lawyer. Canadian insolvency laws: You may need more than one company to conduct your business The first thing to think about is incorporating a limited liability company. Depending ...
Tax accountants and lawyers help their clients in fulfilling their tax obligations. Timely resolution of outstanding Canadian tax returns is essential to sustain compliance and avert any future complexities. As stated above, any person or company contemplating either trying to reach an accommodation from...
Licensed insolvency trustee fees: How is a licensed insolvency trustee paid? Are your debts or your company’s debts and financial situation causing you so much stress that you are considering speaking to a licensed insolvency trustee (formerly called a bankruptcy trustee or trustees in bankruptcy)...