Blog

Jan. 25, 2023

One of the ways to form a business in Canada is through a partnership. Unlike a corporation, however, a partnership is not a separate entity, so the partners themselves are liable for any debts or legal obligations.

Dec. 20, 2022

Student debt in Canada now surpasses $18.2 billion just in government-backed student loans. If you factor in private loans, the total will be much higher. The average federally-backed loan currently comes in at $26,075.

Dec. 7, 2022

If your business in or around Toronto, Canada, is struggling financially and falling back in payments to creditors, the federal government has established two main legal avenues for resolving your problem.

Oct. 26, 2022

Bankruptcy is a scary word, invoking visions of losing everything and having to start over in life with nothing, but that is almost never the case.

Aug. 31, 2022

When we hear the term fiduciary obligation, or fiduciary duty, perhaps the first thing that comes to mind is that of a broker or investment counselor caring for someone else’s money.

July 19, 2022

If you run a business, the unexpected – and unwanted – can happen at any time. A supplier, a customer, a partner, an employee, or another party may slap you with a Statement of Claim. In other words, your business may suddenly be facing the prospect of a lawsuit.

June 28, 2022

Indemnity clauses are common in commercial and professional contracts. They are found in purchase and sale agreements for goods and services, supplier-distributor agreements, leases, property and business purchases, construction contracts, and more.

Oct. 12, 2021

Many creditors in Canada hire third-party collection agencies to collect a debt. Having your debt turned over to a collection agency can be a nightmare. It is not uncommon for collection agencies to harass debtors and use dishonest, threatening, and other unfair (and illegal) practices when attempting to collect a debt.

Feb. 1, 2021

On almost every bankruptcy and proposal that passes by me, I see multiple pay day loans. Cash this, money that, they all have creative signs, funny dancing mascots, promised promotions, and spiffy commercials.

Aug. 26, 2020

There is no question that I get asked more in my practice then when can I get more credit. Clients Young and Old, male and female, all want to know how long will this bankruptcy or proposal effect my ability to obtain credit; and when can I get more credit?