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Directors Liability
Author : stevewelker
4.11.2014
Directors Liability
Not all directors sit around mahogany tables in 80th floor board rooms. Most are small business owners who have incorporated their business at one time or another. When these small businesses fail, the directors, who are often also owners, need to...
Credit Cards
Author : stevewelker
31.10.2014
What happens to my credit cards when I file a consumer proposal or assignment in bankruptcy?
Upon making an assignment in bankruptcy or consumer prop...
Bankruptcy and Insurance
Author : stevewelker
30.10.2014
Under the Insurance Act of Ontario if your insurance policy's beneficiary is your spouse, child, parent, or grand child then the value of the policy i...
Purposes of the Bankruptcy System
Author : stevewelker
29.10.2014
What are the Purposes of the Bankruptcy System in Canada?
While it's not something anyone wants to be involved in, Canada's bankruptcy and insolvency...
Duties of a Bankrupt
Author : stevewelker
28.10.2014
When considering making an assignment in bankruptcy it is important to understand the duties that you may be required to perform in accordance with Ca...
Bankruptcy and Bondability
Author : stevewelker
27.10.2014
What does it mean to be "Bonded"?
If a bonded employee steals money from its company, then the company's insurer will reimburse the company for its l...
Consumer Proposals: How Much Do I Need To Offer?
Author : stevewelker
22.10.2014
"How much?". It's one of the most important questions that people want answered when considering a consumer proposal.
Unfortunately, there is no "on...
How do Trustees get Paid?
Author : stevewelker
21.10.2014
How do Trustees get Paid?
This is a common question that Licensed Insolvency Trustee's receive from friends, family, fellow professionals, and client...