Insolvent Estates | CPDonline.ca

Insolvent Estates

Insolvent Estates
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Credits
Substantive: 0.75
40 minutes
Presenter(s)
Bruce McLennan
Source
Middlesex Law Association
Provider
CPDOnline.ca
Language
English
Length
40 minutes
Price
$79.00 plus tax
The Thirteenth Annual Wills, Estates & Trusts Seminar
Includes Handouts

The Bankruptcy and Insolvency Act (the “B.I.A”) defines Insolvency

Being insolvent essentially means not being able to pay your debts in the normal course, and it can include not having sufficient assets to pay your debts. However, being insolvent does not mean that you are bankrupt, that requires the debtor to take the additional legal step of making an Assignment in Bankruptcy with a Licensed Insolvency Trustee.

There are options an insolvent estate can take, rather than bankruptcy that are discussed in this session.

Presenters

Bruce McLennan

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