Insolvency, and a creditor priority litigation
In any restructuring process, whether it be personal or corporate, it is important to understand the rights and obligations of creditors, debtors and all affected parties. A bankruptcy or insolvency does not necessarily mean that a creditor will not get paid, nor does it mean that a debtor does not have to pay any amount. Further, a bankruptcy or insolvency process can be quite time sensitive, with specific deadlines for making claims and protecting your rights, both in and outside of Court. The Bankruptcy and Insolvency Group at Devry Smith Frank LLP (“DSF”) has the experience and knowledge to help you navigate through any bankruptcy and insolvency process. We have acted for debtors, unsecured and secured creditors, trustees, receivers, monitors under the Companies’ Creditors Arrangement Act, and other stakeholders in dealing with bankruptcy and insolvency matters.
Our understanding of the bankruptcy and insolvency process, and our experience before the Bankruptcy Court and the Commercial List allows us to understand and advise on the specific rights and issues facing any party affected by a bankruptcy or insolvency. We advise major financial institutions and businesses, liquidators, equipment lessors, commercial landlords, and construction contractors regarding the particular rights that they have under the Bankruptcy and Insolvency Act and other legislation, and how those rights can work in their favour.
We thoroughly review the circumstances of each case and develop strategies to reach a successful and cost effective result for our clients. Whether it be a straightforward bankruptcy application or consumer proposal, or a complex and urgent CCAA restructuring, we have the expertise to get you through each step of the process from filing to discharge.
For further information or assistance, please contact one of the bankruptcy and insolvency lawyers listed on the right by clicking on their name or call our office at (416) 449-1400