Bankruptcy and Insolvency
We provide support to you in the field of bankruptcy and insolvency by advising you, as a debtor or creditor, with regard to your rights and obligations where a debtor's assets are not sufficient to meet your obligations to creditors. Where a debtor has engaged in activities to put their assets out of reach of some creditors, or where either a debtor or a creditor needs advice in a matter involving bankruptcy or a proposal.
If you or your business is in financial difficulty, we can assist you with matters such as:
- Reorganization of your financial affairs;
- Advice on dealing with your creditors;
- Reviewing assets and determining their availability to creditors;
- Preparing, completing, and filing reorganization documents, including proposals, bankruptcy assignments, and informal negotiations and settlements with creditors;
- Security claims and asset claims in bankruptcy; and
- Discharge proceedings, including contested discharges.
If you have a claim against a person or business which is in financial difficulty, we can also provide advice and representation on:
- Your position in relation to any bankruptcy, proposal, or other reorganization proceedings;
- The legal consequences of those proceedings and of the Bankruptcy and Insolvency Act for you and your claim;
- Procedures you may wish to commence in Bankruptcy Court to petition a debtor into bankruptcy;
- Claims you may wish to pursue against the bankrupt (or others) for questionable transfers of property by the bankrupt which have a prejudicial effect on you and other creditors;
- Challenges to make to the discharge of a bankrupt.
Time is often of the essence in dealing with these situations, so do not delay in seeking legal advice. Contact one of our legal professionals to discuss your problem in detail and learn what we can do for you.
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