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]
2025-10-06
MNP Consumer Debt Index
Ontarians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
2025-10-06
MNP Consumer Debt Index
The financial vulnerability of Saskatchewan and Manitoba residents is intensifying as their financial cushions shrink and more households edge closer to insolvency.
2025-10-06
MNP Consumer Debt Index
Albertans’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
