Insolvency, Bankruptcy and Restructuring Overview
Our firm provides a wide range of services to secured and unsecured creditors, receivers, trustees in bankruptcy and to debtors in connection with insolvency-related issues. These services include the preparation of various forms of security agreements, the enforcement and realization of security, and the resolution of priorities issues between competing creditors. We represent clients (both creditors and debtors) in the restructuring of debt and the enforcement of collateral. Members of the firm have extensive experience in both complex restructurings and realizations. We represent banks, mortgagees, and other lenders in their negotiations with debtors and in the implementation of proposals, "work-outs" or other realization strategies. The firm frequently acts for the insolvency arm of national accounting firms in the provision of independent advice on the numerous issues confronted by trustees in bankruptcy and receivers. Our insolvency and bankruptcy lawyers are able to provide timely and effective advocacy in all insolvency and bankruptcy related matters.
- Preparation and Vetting of Security
- Enforcement of Security
- Advocacy on Bankruptcy and Secured Lending Issues
- Appointment of Trustees, Receivers and Agents
Correct Debtor Descriptions For Registration Under The Personal Property Security Act
Registration of financing statements under The Personal Property Security Act is a routine part of commercial and consumer lending. The mechanics of the registration system are fairly simple and most lenders do it themselves or rely on a registration service. Unfortunately, many lenders make expensive mistakes because they do not understand the rules for determining the correct name of the debtor. Read more...
The Toronto-Dominion Bank
Acts as lead counsel for the The Toronto-Dominion Bank in connection with a number of debt recovery efforts throughout Manitoba. Read more...
Acted as counsel for secured creditors in a number of applications under the Companies’ Creditors Arrangement Act, including the proceedings involving the Arctic Glacier group and Winnipeg Motor Express. Read more...
The Puratone Corporation
Acted as counsel for the court-appointed Monitor in a number of applications under the Companies’ Creditors Arrangement Act, including the proceedings involving The Puratone Corporation. Read more...