Bankruptcy Problems?
Often, members of the Construction and Infrastructure industry face off against corporations who, mid-way through the project, elect to abandon ship and file for proposals/bankruptcies under the Bankruptcy and Insolvency Act or the Companies’ Creditors Arrangement Act.
This, in turn, leaves individuals looking for ways to collect on their debts or having to find another party to complete the work. While it is common for a corporate bankruptcy to leave little to no assets in its wake, we strive to assist our clients with obtaining maximum recovery or, alternatively, with providing closure and a realistic outlook on their circumstances. As such, we help our clients navigate through complex legal issues by providing strategic advice related to:
- Mid-size individual proposals and bankruptcies
- Mid-size corporate proposals and bankruptcies
- Motions under Section 38 of the Bankruptcy and Insolvency Act to assign the bankrupt’s rights and collect monies on behalf of the bankrupt
- Creditors’ meetings
- Establishing priorities between secured creditors, unsecured creditors, and “trust” creditors
- Pursuing claims against fraudulent conveyances made by the bankrupt
Alternatively, if you find yourself facing insolvency, we also offer guidance related to:
- Complying with your obligations pursuant to the Bankruptcy and Insolvency Act
- Assisting with establishing and expanding exempted assets
- Preventing personal liability you may face as a director of an insolvent corporation; and
- Protecting your rights as against any potential creditors
Bankruptcy is a stressful time regardless if you’re a creditor or debtor. We are here to help alleviate that stress by providing quality counsel and services to find the best-case-scenario for each individual client.