2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
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
2025-10-20
Seniors and Debt
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
2025-10-17
How buyer’s remorse laws can help you stay out of debt
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.
