Toronto Debt Solutions

CANADA’S DEBT RELIEF UPGRADE 2026: NEW RULES FROM THE OSB (EXPLAINED) THIS BLOG GOES LIVE ON MONDAY, FEBRUARY 2, 2025, AT NOON - WATCH THE VIDEO NOW! CANADA’S DEBT RELIEF UPGRADE 2026: NEW RULES FROM THE OSB (EXPLAINED) Major news from the Office of the Superintendent of Bankruptcy Canada! In this video, we break down the 2026 modernization of Canada's debt relief system and what it means for your financial fresh start. Licensed Insolvency Trustee Brandon Smith, Senior Vice-President of Ira Smith Trustee & Receiver Inc., shares expert insights on the huge upgrades designed to make consumer proposals and bankruptcy more accessible. Whether you are dealing with credit card debt or considering a consumer proposal, these new OSB rules are a game-changer. Key Topics Covered: What is the Office of the Superintendent of Bankruptcy Canada modernization? How the new rules make a "Fresh Start" easier The role of a Licensed Insolvency Trustee in the new system Why reaching out ...

THIS BLOG GOES LIVE ON MONDAY, FEBRUARY 2, 2025, AT NOON - WATCH THE VIDEO NOW! CANADA’S DEBT RELIEF UPGRADE 2026: NEW RULES FROM THE OSB (EXPLAINED) Major news from the Office of the Superintendent of Bankruptcy Canada ! In this video, we break down the 2026 modernization of Canada's debt relief system and what it means for your financial fresh start. Licensed Insolvency Trustee Brandon Smith, Senior Vice-President of Ira Smith Trustee & Receiver Inc. , shares expert insights on the huge upgrades designed to make consumer proposals and bankruptcy more accessible. Whether you are dealing with credit card debt or considering a consumer proposal, these new OSB rules are a game-changer. Key Topics Covered: What is the Office of the Superintendent of Bankruptcy Canada modernization? How the new rules make a "Fresh Start" easier The role of a Licensed Insolvency Trustee in the new system Why reaching out to Ira Smith Trustee & Receiver Inc. is your best first step Re...

via IFTTT

LEAVE TO APPEAL A RECEIVERSHIP ORDER IN ONTARIO: WHY IT RARELY WORKS & WHAT TO DO INSTEAD THIS BLOG GOES LIVE ON MONDAY, JANUARY 26, 2025, AT NOON - WATCH THE VIDEO NOW! LEAVE TO APPEAL A RECEIVERSHIP ORDER IN ONTARIO: WHY IT RARELY WORKS & WHAT TO DO INSTEAD Leave to appeal a receivership order sounds like a lifeline – but for most business owners, it’s an almost impossible uphill legal battle. In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. walks through a real Ontario case (Royal Bank of Canada v. 2339366 Ontario Inc.) to show why leave to appeal is so hard to get, what the strict legal tests are, and why acting before receivership hits is usually the only winning strategy.​​ You’ll learn what a receivership order is, how a court‑appointed receiver takes control of your business, and why the 10‑day deadline to seek leave to appeal makes saving the business after the fact so difficult. Then we compare that to a formal proposal with a Licensed Insolven...

THIS BLOG GOES LIVE ON MONDAY, JANUARY 26, 2025, AT NOON - WATCH THE VIDEO NOW! LEAVE TO APPEAL A RECEIVERSHIP ORDER IN ONTARIO: WHY IT RARELY WORKS & WHAT TO DO INSTEAD Leave to appeal a receivership order sounds like a lifeline – but for most business owners, it’s an almost impossible uphill legal battle. In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. walks through a real Ontario case (Royal Bank of Canada v. 2339366 Ontario Inc.) to show why leave to appeal is so hard to get, what the strict legal tests are, and why acting before receivership hits is usually the only winning strategy.​​ You’ll learn what a receivership order is, how a court‑appointed receiver takes control of your business, and why the 10‑day deadline to seek leave to appeal makes saving the business after the fact so difficult. Then we compare that to a formal proposal with a Licensed Insolvency Trustee, which can stop creditor actions, keep you in control, and give your business breath...

  BUYING RECEIVERSHIP DISTRESSED PROPERTY FOR SALE ASSETS IN ONTARIO: COURT RECEIVERS AND AN ASSET VESTING ORDER (AVO) PROTECTS EVERYONE Thinking about buying a distressed property for sale in Ontario from a receivership because it looks like a hidden deal? Before you sign anything, you need to understand how court‑supervised receiverships and Asset Vesting Orders (AVOs) actually protect you and your money.​​​ In this Brandon’s Blog, the Ira Smith Team walks you through the real story behind distressed real estate deals in Ontario – what’s happening behind that “for sale” sign, why these properties come to market, and how a court‑appointed receiver and AVO can give you a clean, reliable title that typical power of sale or foreclosure listings often can’t match.​​​ You’ll learn how receiverships work step‑by‑step, how the court requires transparent marketing and approval of offers, and why AVOs are considered the gold standard for wiping out old mortgages, liens and other claims so ...