Toronto Debt Solutions

THE RISE OF CREDITOR-LAUNCHED CCAA PROCEEDINGS: HOW LENDERS ARE TAKING CONTROL IN 2026 THE RISE OF CREDITOR-LAUNCHED CCAA PROCEEDINGS: HOW LENDERS ARE TAKING CONTROL IN 2026 The landscape of Canadian business restructuring is shifting. Traditionally, the Companies' Creditors Arrangement Act (CCAA) was a tool used by companies to protect themselves from creditors. But in 2026, we are seeing the rise of the "Creditor-Launched CCAA." In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. breaks down why sophisticated lenders are no longer waiting for a company to file for protection. Instead, they are taking the initiative to launch CCAA proceedings themselves to control the restructuring, the sale process, and the future of the business. If your company has over $5 million in debt, understanding this trend is critical to your survival. What you will learn: ✅ What a Creditor-Launched CCAA proceeding actually looks like. ✅ Why the $5 million debt thres...

via IFTTT

Define Conditional Discharge: Why Your Canadian Bankruptcy Isn't Over Yet! THIS BRANDON’S BLOG GOES LIVE ON MONDAY, JUNE 29, 2026 AT 12:00 NOON Define Conditional Discharge: Why Your Canadian Bankruptcy Isn't Over Yet! Think filing for bankruptcy in Canada automatically wipes the slate clean? Think again. In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. breaks down the "Conditional Discharge"—a critical stage in the Canadian bankruptcy process that many people don't see coming. If the Court issues a conditional discharge, you are NOT yet released from your debts. We’ll cover: ✅ What is a conditional discharge under the Bankruptcy and Insolvency Act (BIA)? ✅ The difference between an Absolute, Conditional, and Suspended discharge. ✅ Why a Licensed Insolvency Trustee (LIT) or a creditor might object to your "fresh start." ✅ Real-world examples of conditions (Surplus income, failure to perform duties, or "Ms. Li" st...

via IFTTT