When you receive notice that a party who owes you money has become bankrupt or is seeking approval of a proposal, it can be overwhelming. The Bankruptcy and Insolvency regime in Canada is complex and understanding your rights and obligations as a creditor is critical to ensuring that you take the right steps to maximize your recovery, while avoiding costly missteps. The Bankruptcy process involves competing interests as between not only creditors and insolvents, but also between creditors, and sometime creditors and trustees in bankruptcy.
Our Bankruptcy Group brings a wealth of experience to the table. From boardroom to courtroom, we regularly assist creditors in enforcing rights under the Bankruptcy and Insolvency Act, including:
- Repossessing goods
- Wage Earner Protection Program
- Fraud and seeking to have debts survive discharge
- Responses to Consumer Proposals
- Responses to Division 1 Proposals
- Attacks on preferences and undervalue transactions
- Creditor Meetings
- Enforcing on Security
