Bankruptcy and Insolvency – When Should a Party Seek Advice from a Licensed Insolvency Trustee?

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This paper discusses considerations for parties in bankruptcy and insolvency proceedings. It reviews key provisions under the Bankruptcy and Insolvency Act, RSC 1985, c B-3 [BIA] and highlights 4 common bankruptcy options available under the BIA: summary administration, ordinary administration, division one proposals, and division two proposals (consumer proposals).

This paper is part of a collection presented at LESA’s 7th Annual Law & Practice Update in Edmonton on October 20–21, 2017.

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