In what circumstances can a director be removed during a proposal proceeding?
A summary of recent Canadian insolvency-focused court decisions.
Is the negotiation of a forbearance agreement covered by settlement privilege in subsequent litigation between a debtor and its lender?
Must the superintendent's levy always be deducted from distributions to secured creditors in BIA proceedings?
Can a Gross Overriding Royalty be extinguished by a vesting order granted in a receivership proceeding?
Do funds held by a bankruptcy trustee revert back to a debtor if a consumer proposal is subsequently filed?
When can a bankrupt transfer personal assets to a family member without the transactions being considered a preference?
Can a debtor be compelled to submit to an examination before a bankruptcy application is resolved?
When are a receiver's negotiations protected by settlement privilege?
When does the emphasis of the bankruptcy system shift from debtor rehabilitation to creditor protection and system integrity?
Is a trustee authorized to distribute dividends to creditors via electronic means such as Paypal?