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What Is a Certificate of Pending Litigation?

If you find yourself embroiled in a legal dispute over real estate, understanding a Certificate of Pending Litigation (CPL) is very important. Attorney Matthew Harris is here to help you understand CPLs, offering insight into their purpose, implications, and the relevant laws in Canada.

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What Rights Do Shareholders Have?

The world of corporate law can be pretty complex. This is why understanding the rights and privileges afforded to shareholders is critical, not only for the investors themselves but for the companies in which they invest.

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Understanding the Rights of Commercial Landlords

As a commercial landlord in Canada, understanding your rights is crucial for protecting not only yourself, but also the tenants who rent your property. The more knowledge you have, the better prepared you'll be to navigate potential challenges in your landlord-tenant relationships.

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How Long Does Bankruptcy Appear on a Credit Report?

If you've been researching the impacts of bankruptcy, you already know how declaring bankruptcy can significantly impact your credit score. Negative information such as late payments, missed payments, and accounts sent to collection agencies can hurt your credit score.

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Understanding the Rights of Commercial Tenants

Commercial leasing can be a complex area of law with unique challenges and considerations. Whether you're a new business owner navigating your first lease agreement, or an established entity renegotiating terms, understanding your rights as a commercial tenant is paramount.

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What Assets Can I Keep if I File for Bankruptcy?

The fear of losing everything is often the single reason debt-ridden Canadians are reluctant to file for bankruptcy. While it is a common misconception that you will lose everything if you file for bankruptcy, some of your assets could actually end up getting liquidated to pay off your secured debt.

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Bankruptcy’s Effect on Employment Insurance (EI) Income

The Employment Insurance (EI) program provides temporary income to unemployed workers as they seek new employment. EI is premium based, so individuals—even those who are self-employed—must have paid into the program in the year leading up to their need for it in order to qualify.

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Frequently Asked Questions About Insolvency

Nobody is immune to financial difficulty, whether you are a consumer or run your own business. If your debt is too great that you cannot pay your creditors or owe more than you own in assets, you may be considered “insolvent” under Canadian law.

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Corporate Law: The Oppression Remedy

Under Canada’s corporate law, corporations have a legal duty to treat directors, shareholders, creditors, and other officers fairly and without prejudice. Unfortunately, the decisions and actions of a corporation may have an adverse effect on some of its stakeholders.

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What Must a Seller Disclose About Property Defects?

Buying and selling commercial real estate can be both exciting and frustrating. Even though the total number of commercial sales in Toronto decreased by nearly 48% from Q4 of 2021 to Q4 of 2022 (according to the TRREB Commercial Report), any kind of commercial purchase in Ontario is bound to make an impact on you and your business.

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