Blog

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.

Sept. 30, 2022

According to the Office of the Superintendent of Bankruptcy (OSB), personal insolvencies in Canada fell almost 30 percent during the height of the pandemic in 2020, from 137,178 filings to 96,458. In Ontario, filings fell by 10,860, or 24.2 percent. In both Canada as a whole and in the Province of Ontario, the highest percentage of filings by age group were by those 35 to 39 years old.

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?