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CAN AN ONTARIO LAWYER PRACTICE LAW WHILE BANKRUPT? (LSO RULES EXPLAINED)

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Published on YouTube: CAN AN ONTARIO LAWYER PRACTICE LAW WHILE BANKRUPT? (LSO RULES EXPLAINED)

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...