2026-06-11
Life after debt: What’s next and how to avoid repeating debt
What happens after a Consumer Proposal or a Bankruptcy? These steps can help you rebuild your credit rating and manage your credit effectively.
Retailer Bankruptcy
2009-03-03
The Bankruptcy and Insolvency Act contains provisions that allow a third party to claim possession of property in possession of a bankrupt. The process for claiming the property is set out in Section 81 of the BIA and requires the third party to file with the Trustee a proof of claim (Form 74) verified by affidavit giving the grounds on which the claim is based and sufficient particulars to enable the property to be identified by the Trustee. If this evidence is supplied, and assuming that the sale of property was between unrelated parties and for fair market value, the Trustee should be able to release that property to the purchaser. Judy Scott Meyers Norris Penny Limited British Columbia 604.949.2113
Latest Blog Posts
2026-06-09
What happens if I owe tax debt to the CRA?
It can be overwhelming to find out you owe the CRA a large amount of money. These debt relief options can help you regain control of your finances.
2026-06-09
The CRA is calling to collect. Now what?
Getting a call from the Canada Revenue Agency (CRA) can be unsettling. If the call is about collections, the stress level often jumps immediately. You may worry about frozen accounts, garnishments, or losing control of your financial situation.
