Toronto Debt Solutions

Financial Reorganization: How to Save Your Canadian Business from Bankruptcy Financial Reorganization: How to Save Your Canadian Business from Bankruptcy Is your business struggling under the weight of debt, high interest rates, and CRA pressure? Many Canadian business owners believe bankruptcy is their only option—but that is simply not true. In this video, Ira Smith, Licensed Insolvency Trustee, explains the power of a Division I Proposal under the Bankruptcy and Insolvency Act (BIA). Learn how financial reorganization can stop creditor lawsuits, halt interest accumulation, and give your business the breathing room it needs to survive and thrive. Stop guessing and start restructuring. TIMESTAMPS:. 00:00 - Introduction 00:01:01 - Section 1: Warning Signs of Trouble 00:02:12 - Section 2: Financial Reorganization Explained 00:04:02 - Section 3: Understanding Corporate Bankruptcy 00:05:15 - Section 4: Your Personal Liability Risk 00:06:28 - Section 5: Taking the Right Steps ...

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How to Perform Insolvency Searches: Protect Your Business from Bad Debt How to Perform Insolvency Searches: Protect Your Business from Bad Debt Are you about to sign a contract, lease, or extend credit to a business? Before you do, you need to know if they are currently dealing with a Licensed Insolvency Trustee. In Canada, insolvency is a matter of public record, but most people don't know how to look for the warning signs. In this video, Ira Smith from Ira Smith Trustee & Receiver Inc. explains what recent insolvency searches and statistics show to ensure you aren't walking into a financial trap. Learn how to navigate the Canadian insolvency system and protect your bottom line. TIMESTAMPS:. 0:00 - Introduction & Insolvency Trends 0:04 - Why Personal Bankruptcies Are Surging in Ontario 0:10 - Consumer Proposals vs. Personal Bankruptcy 0:26 - Impact of Inflation on Fixed Monthly Payments 0:38 - Why Households Are Switching to Bankruptcy 0:48 - Q2 2026 Insolven...

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7 Mistakes You’re Making with Estate Administration Ontario (and How to Fix Them) 7 Mistakes You’re Making with Estate Administration Ontario (and How to Fix Them) Are you an Estate Trustee in Ontario feeling overwhelmed? Being an executor is more than just reading a Will—it’s a fiduciary role that carries significant personal liability. In this video, Brandon Smith from Smith Estate Trustee Ontario breaks down the 7 most common (and costly) mistakes people make during the Ontario probate process. From missing the 180-day Estate Information Return deadline to the "Clearance Certificate" trap, we cover the legal and financial pitfalls you need to avoid to stay out of court and keep the CRA happy. What you’ll learn in this video: ✅ Why distributing assets too early can cost you personally. ✅ The difference between a regular estate and an Insolvent Estate. ✅ How the Bankruptcy and Insolvency Act (BIA) protects Ontario executors. ✅ Why you MUST have a dedicated Estate Ban...

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