Options for Resolving an Insolvent Estate | CPDonline.ca

Options for Resolving an Insolvent Estate

Paula Puddy, HBA LLB MBA

In today’s featured MLA seminar, our presenter shares his knowledge surrounding options for resolving an insolvent estate. You will recall that being insolvent doesn’t mean bankruptcy (according to the BIA), and an estate trustee would have to take extra steps to file for bankruptcy.

Join Bruce McLennan as he shares how an insolvent estate files for bankruptcy, which assets vest in the LIT, paying for funeral and testamentary expenses, priority of claims and alternative options for dealing with an insolvent estate.

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