Toronto Debt Solutions

CAN AN ONTARIO LAWYER PRACTICE LAW WHILE BANKRUPT? (LSO RULES EXPLAINED) THIS BRANDON’S BLOG DROPS ON MONDAY, APRIL 6, 2026 AT 12:00 NOON CAN AN ONTARIO LAWYER PRACTICE LAW WHILE BANKRUPT? (LSO RULES EXPLAINED) Can an Ontario lawyer continue to practice law while bankrupt? It is the #1 question we hear from legal professionals in financial distress. In this video, Brandon Smith, Licensed Insolvency Trustee and Senior Vice-President of Ira Smith Trustee & Receiver Inc., breaks down the strict Law Society of Ontario (LSO) rules regarding bankruptcy and insolvency. If you are a lawyer or paralegal in Ontario, filing for bankruptcy triggers immediate consequences under By-Law 8 and By-Law 9. We discuss: ✅ Why you MUST notify the Law Society immediately. ✅ The "Practice Restricted" status on the LSO directory. ✅ Why you lose signing authority on trust accounts. ✅ The impact on your LawPRO insurance and real estate practice. ✅ How a Consumer Proposal or Division I Proposal can...

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THE 2026 TARIFF TRAP: HOW TRADE WARS ARE TRIGGERING CANADIAN BANKRUPTCIES THE 2026 TARIFF TRAP: HOW TRADE WARS ARE TRIGGERING CANADIAN BANKRUPTCIES The rules of trade have changed, and Canadian businesses are caught in the crossfire. In this video, Brandon Smith, Senior Vice-President at Ira Smith Trustee & Receiver Inc., breaks down the "2026 Tariff Trap." From the U.S. Section 122 duties to the CUSMA 2026 review, we are seeing a surge in what we call "Tariff-Induced Insolvency." If your margins are being crushed by rising import costs or your U.S. customers are pulling back, you need to understand your legal protections under the Bankruptcy and Insolvency Act (BIA). What we cover: ✅ How the 2026 Tariff Trap creates a "Gridlock Liquidity Crisis." ✅ Why business owners are increasingly using personal credit to survive (and why that’s a mistake). ✅ The difference between a Consumer Proposal and a Division I Proposal for businesses. ✅ How a Licensed Ins...

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CAN A PRIVATELY APPOINTED RECEIVER SELL YOUR BUSINESS FOR CHEAP? YOUR LEGAL RIGHTS THIS BLOG GOES LIVE ON MONDAY, MARCH 16, 2026, AT NOON - WATCH THE VIDEO NOW! CAN A PRIVATELY APPOINTED RECEIVER SELL YOUR BUSINESS FOR CHEAP? YOUR LEGAL RIGHTS YouTube chapters: 0:00 Introduction – What Happens When a Receiver Takes Control 0:17 What This Video Covers 1:01 About Ira Smith Trustee & Receiver Inc. 1:54 The Reality of Losing Control of Your Business 2:39 Who Is a Privately Appointed Receiver? 3:00 Where the Receiver's Power Comes From 3:15 Private Receiver vs. Court-Appointed Receiver 3:38 How Fast It Can Happen – The 10-Day Notice 3:57 The Risk of an Improvident Sale 4:07 The Receiver's Legal Duty: Commercially Reasonable Manner 4:28 What "Commercially Reasonable" Looks Like in Practice 4:50 What Is an Improvident Sale? 5:07 Suing a Receiver for Negligence – The Uphill Battle 5:44 You Still Have Options 5:57 How to Fight Back: Get Your Own Expert 6:41 What Your Own ...

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