2025-07-11
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With rates still elevated, Canadians renewing mortgages face tough choices. Here’s how to prepare.
Power Of Attorney Can I File A Bankruptcy For That Person
2008-12-15
A bankruptcy can be filed by a “person” or by an executor for a deceased person. The definition of "person" in the Bankruptcy and Insolvency Act includes legal representatives of that individual according to the laws of the province. So the question will be....... whether or not your Power Of Attorney is worded such that you are appointed as their legal representative with the Powers to govern these financial affairs. If in doubt, you can always make an application before a Bankruptcy Court to affirm your appointment as the "person" according to the Bankruptcy Act. I would send a copy of the Power of Attorney to one of our Trustees in your region for review, or contact me to discuss. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller regions 403.537.7657 or 1.877.500.0792 [email protected]
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