2008-11-25
In order to answer this question, I’ll start with the dictionary definition of “fiduciary.” Fiduciary means a person who is in a position of power with regard to the property of another such that the law requires him to act solely in the interest of the person he represents. So your question would technically be “Does the Trustee act solely for the Bankrupt? The answer to that would be…..no. In administering a bankruptcy, the Trustee must follow the federal Bankruptcy & Insolvency Act. In doing so, various stakeholders can become involved: - the creditors - the Superintendent in Bankruptcy - the public interest - the bankrupt individual themselves If you have a specific situation, don’t hesitate to contact us to review. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller regions 403.537.7657 or 1.877.500.0792 [email protected]
2025-11-07
Bankruptcy Consumer Proposal
If you're facing a mountain of debt, you're not alone. There are two viable options available to help you find relief: Consumer Proposal and Bankruptcy. Each approach offers unique benefits that can be tailored to fit your specific financial situation.
2025-11-06
Filing for bankruptcy doesn’t mean losing everything. Learn which assets are protected in B.C. and how to move forward with a fresh financial start.
2025-11-05
Debt Solutions
Unexpected tax debt can be a daunting prospect. How can you confirm the CRA is really calling you — and pay back what you owe?
