Toronto Debt Solutions

When to file bankruptcy to get a fresh start Definition of Bankruptcy Are you feeling overwhelmed by unmanageable debt ? Then bankruptcy might be the perfect solution for you. Bankruptcy can be defined as a legal process that can help people and businesses get out of their financial binds. Though the thought of filing for bankruptcy may be daunting, it can be the best option when you’re facing unexpected expenses or other emergency situations. To make sure you’re making the right decision, it’s important to understand when to file bankruptcy and what you can expect. Bankruptcy allows a person to get back on top of their finances and start fresh.  Weighing the pros and cons of filing for bankruptcy can be an alarming task, but it can ultimately be the best when your back is against the wall with debt. This Brandon’s Blog lets you find out when to file bankruptcy , what you should expect and what the bankruptcy alternatives are. What is Bankruptcy and How Does it Work? Bank...

officers and directors Officers and Directors: Introduction In Canada, it is essential that the individual orchestrating any criminal activity must have the necessary competency to commit the offence before any corporate responsibility can be assumed. The executives and board members of the enterprise are viewed as the ultimate custodians of the company’s ethical obligations. Welcome to Brandon’s Blog! Here I’ll be discussing the court’s ruling on fraudulent intent by officers and directors , and how it affects the transfer of assets at undervalue in insolvent corporations . I’ll be focusing on the 2022 Court of Appeal for Ontario decision in the Bondfield Construction Company Limited (“Bondfield”) and Forma-Con Construction (“Forma-Con”) case as creating new law. After two court decisions over nearly two years, the Supreme Court of Canada has delivered their decision on the Court of Appeal’s decision upholding the lower court decision, granting the application for leave to appeal...

Corporate bankruptcy in Canada: Introduction Are you a business owner with company financial difficulties and apprehensive about the possibility of corporate bankruptcy and is it something that you will have to seriously consider? Corporate bankruptcy in Canada process can be complex and overwhelming, but understanding it is necessary for making authoritative decisions about your business. In this Brandon’s Blog, I will analyze the ins and outs of corporate bankruptcy in Canada , including the different types, the steps in filing for corporate bankruptcy, the impact on creditors and shareholders, and alternatives to consider. By the end of this Brandon’s Blog, you will have a better understanding of corporate bankruptcy in Canada and be able to understand how to make the best decision for your business. Explanation of what corporate bankruptcy in Canada is The corporate bankruptcy process in Canada – otherwise known as commercial bankruptcy or incorporate business bankruptcy ...

consumer debt proposals Consumer debt proposals eliminate your debt stress Are you stressed out and overwhelmed by debt and don’t know how to begin to eliminate it? We know your pain and can help you because this Brandon’s Blog “ Consumer Debt Proposals : The Ultimate Solution for Managing Debt” has got you covered! I provide realistic advice on how to manage and even get rid of debt through a binding debt settlement agreement. I describe what consumer debt proposals are all about and also look at other debt-relief options like debt consolidation and credit counselling . I will also talk about the recent Canadian government’s warning about taking on high-interest debt from certain companies. Consumer debt proposals: How Does a Consumer Proposal Work? If you’re in a tough spot financially, in Canada you can submit a consumer proposal if you owe $250,000 or less (not including any debt registered against your home is one of the types of secured debts that must be paid according ...