Bankruptcy

What’s the difference between a bankruptcy lawyer and a trustee?

Bankruptcy lawyer
In Canada, consumer proposals, bankruptcies, receiverships, and division I proposals, are filed only by licensed insolvency trustees. In fact, a bankruptcy cannot be filed through a bankruptcy lawyer and lawyers who are practicing are not even able to become trustees. Unlike the United States, where a bankruptcy attorneys file bankruptcies, that is not the role of an insolvency lawyer in Canada. …
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Surplus Income Limits Directive For 2019

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The Office of the Superintendent of Bankruptcy has just issued their 2019 surplus income directive, setting the surplus income limits for 2018. The full text can be found at OSB Directive 11R2-2019 which includes the new 2019 surplus income limits. The surplus income directive comes into force on March 18, 2019 and applies its surplus income limits to all calculations of surplus income made by a …
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Surplus Income Limits Directive For 2018

Pen on Folio
The Office of the Superintendent of Bankruptcy has just issued their 2018 surplus income directive, setting the surplus income limits for 2018. The full text can be found at OSB Directive 11R2-2018 which includes the new 2018 surplus income limits. The surplus income directive comes into force on March 19, 2018 and applies its surplus income limits to all calculations of surplus income made by a …
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