Mondaq Canada: Insolvency/Bankruptcy, Re-structuring
Crowe Mackay LLP
Business owners can run into difficulties trying to sustain operations while dealing with the various demands from their banker, employees, suppliers, government regulators and most importantly, customers.
Miller Thomson LLP
Avant de rendre sa décision, la Cour fait état de la « controverse jurisprudentielle » quant à la nécessité de signifier au préalable les préavis d’exercice du droit hypothécaire du Code civil du Québec avant d’être autorisé à procéder à une vente d’actifs en vertu de l’article 243 LFI.
Miller Thomson LLP
Un avis de cotisation de l’Agence du revenu du Canada constitue une mesure de recouvrement prouvable au sens de l’article 69.3 de la Loi sur la faillite et l’insolvabilité.
Miller Thomson LLP
La Cour supérieure du district de Québec est saisie d’une requête en homologation d’une proposition aux termes de l’article 58 de la Loi sur la faillite et l’insolvabilité.
Miller Thomson LLP
Dans cette affaire, la Cour d’appel devait qualifier la nature d’un contrat intervenu entre la MMA et un exploitant d’un train touristique entre Sherbrooke, Magog et Bromont.
Miller Thomson LLP
Un torréfacteur manufacturier de café veut pétitionner en faillite son distributeur dans la région de l'Estrie.
Miller Thomson LLP
Antérieurement à sa faillite, la débitrice agissait à titre d’entreprise fournissant des services de « warehousing, receiving and shipping (pick and pack) ».
Aird & Berlis LLP
While serving as an unwelcome reminder to many, the Court’s decision merely reflects a long-line of existing case law, the most uncontroversial aspects of which have long since been codified in statute.
Aird & Berlis LLP
Factoring is a common way for businesses to monetize current assets.
Speigel Nichols Fox LLP
A creditor commences an action against a debtor and obtains a judgment after a trial. The debtor then appeals and loses.
Speigel Nichols Fox LLP
In a trust claim, it has become commonplace to seek a request for a declaration that, if there is judgment for breach of trust, the judgment will survive the subsequent bankruptcy of the judgment debtor.
Davis LLP
In the opening paragraph of his decision in CFI Trust v. Royal Bank of Canada 2013 BCSC 1715, Supreme Court Justice Elliot Myers drew a parallel to the dark comedy Fargo.
Blake, Cassels & Graydon LLP
Applicants who seek ex parte relief under the Companies’ Creditors Arrangement Act (CCAA) have an obligation to make full and fair disclosure of all material facts to the court.
Minden Gross LLP
It would seem, based on the recent decision of the Ontario Court of Appeal in Bank of Nova Scotia v. Diemer that the honeymoon experienced by insolvency lawyers over the past decade with respect to the manner in which their fees can be charged, is over.
Miller Thomson LLP
One of the primary reasons why people declare bankruptcy is that upon being discharged, the bankrupt person is released from their obligation to repay most of the debts that had existed at the time they went bankrupt.
Minden Gross LLP
Here are just five of the many reasons why retaining experienced bankruptcy and insolvency counsel can make a big difference.
Aird & Berlis LLP
On December 1, 2014, the Court of Appeal for Ontario (the "Court of Appeal") released its decision, written for the Court of Appeal by Madam Justice Pepall, in Bank of Nova Scotia v. Diemer, 2014 ONCA 851 ("Diemer").
Cassels Brock
For a lender in the agricultural space, some of the most valuable assets a lender may be relying on for recovery purposes are the production quotas held by their borrower.
Cassels Brock
Many secured creditors see their position in absolute terms. They rely on their general security and aggressively assert their priority over unsecured creditors, such as trade creditors.
Cassels Brock
While it is common practice in Canada to seek certain emergency orders on an ex parte basis (i.e. where only one party (and not the adversary) appears before a judge), applicants for such orders are held to a high standard of candour with the court.
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Minden Gross LLP
This paper is intended to give directors a better understanding of what is expected of them and what they can expect when the corporation is insolvent or on the path to insolvency.
Speigel Nichols Fox LLP
In a trust claim, it has become commonplace to seek a request for a declaration that, if there is judgment for breach of trust, the judgment will survive the subsequent bankruptcy of the judgment debtor.
Speigel Nichols Fox LLP
Every so often, a debtor is faced with the inevitable, but holds on to any defence available, no matter how untenable it might be.
Norton Rose Fulbright Canada LLP
Most due diligence processes in a business acquisition context require a review of material contracts and, in particular, a review of any restrictions on assignment of those contracts.
Aird & Berlis LLP
Factoring is a common way for businesses to monetize current assets.
Aird & Berlis LLP
As a great deal of value can stem from a debtor’s domain name, secured creditors ought to consider how best to protect their interest in such property.
Borden Ladner Gervais LLP
Recent decisions in the Ontario courts have brought this issue to the forefront, which is salient during this time of economic uncertainty for the oil industry and its related environmental obligations.
Aird & Berlis LLP
While serving as an unwelcome reminder to many, the Court’s decision merely reflects a long-line of existing case law, the most uncontroversial aspects of which have long since been codified in statute.
Speigel Nichols Fox LLP
A creditor commences an action against a debtor and obtains a judgment after a trial. The debtor then appeals and loses.
Davis LLP
A discharge is effective whether or not the secured party intended to discharge that particular registration.
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