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]
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-25
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
