Bankruptcy

Managing day to day finances properly takes time, thought, and planning. Many Canadians carry a certain amount of debt as part of their overall financial picture. However, at times, those debts can begin to feel overwhelming. Whether your financial situation is personal, or business-related, bankruptcy offers some relief if you find yourself in a situation where you are unable to repay your debts. Making the decision to file for bankruptcy can be confusing, difficult, and embarrassing. Are you unsure of your current financial situation and debt-load? Do you have questions or concerns about what you get to keep, or what you may have to give up if you declare bankruptcy? Are you divorced, and your ex-spouse is declaring bankruptcy - do you need to know what effect this will have on child and spousal support? A Licensed Insolvency Trustee will be able to explain the process and implications of filing for bankruptcy, as well as alternatives to bankruptcy - options are available.

You are not alone. Connect with others who may be going through the same thing, find professional help and resources near you. The Kinjunxion community is here to help.

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Bankruptcy

A Feast for Lawyers

Described by the Chicago Tribune as a "latter-day version of Dickens' Bleak House," Bankruptcy: A Feast for Lawyers is a shattering indictment of bankruptcy law by a CEO who lived through the experience of Chapter 11. Author Sol Stein exposes a system that is supposed to provide an opportunity for troubled companies to reorganize, but kills more than 70% of the businesses that take refuge in it while enriching legions of lawyers. In the nightmare world of Chapter 11, the gainers are seldom the creditors or the debtor company, but rather the bankruptcy bar, impeached in this book by their own conduct and the condemnation of their ethical brethren. Besides his own experience, the author draws examples from diverse industries -- trucking, food, real estate, oil, and publishing.

Detroit Resurrected: To Bankruptcy and Back

What happens when an iconic American city goes broke? At exactly 4:06 p.m. on July 18, 2013, the city of Detroit filed for bankruptcy. It was the largest municipal bankruptcy in American history—the Motor City had finally hit rock bottom. But what led to that fateful day, and how did the city survive the perilous months that followed? In Detroit Resurrected, Nathan Bomey delivers the inside story of the fight to save Detroit against impossible odds. Bomey, who covered the bankruptcy for the Detroit Free Press, provides a gripping account of the tremendous clash between lawyers, judges, bankers, union leaders, politicians, philanthropists, and the people of Detroit themselves. The battle to rescue this iconic city pulled together those who believed in its future—despite their differences. Help came in the form of Republican governor Rick Snyder, a technocrat who famously called himself “one tough nerd”; emergency manager Kevyn Orr, a sharp-shooting lawyer and “yellow-dog Democrat”; and judges Steven Rhodes and Gerald Rosen, the key architects of the grand bargain that would give the city a second chance at life. Detroit had a long way to go. Facing a legacy of broken promises, the city had to seek unprecedented sacrifices from retirees and union leaders, who fought for their pensions and benefits. It had to confront the consequences of years of municipal corruption while warding off Wall Street bond insurers who demanded their money back. And it had to consider liquidating the Detroit Institute of Arts, whose world-class collection became an object of desire for the city’s numerous creditors. In a tight, suspenseful narrative, Detroit Resurrected reveals the tricky path to rescuing the city from $18 billion in debt and giving new hope to its citizens. Based on hundreds of exclusive interviews, insider sources, and thousands of records, Detroit Resurrected gives a sweeping account of financial ruin, backroom intrigue, and political rebirth in the struggle to reinvent one of America’s iconic cities.

Bankruptcy

A Primer

For many businesses, bankruptcy is a looming reality, one that can take many forms. Bankruptcy is such a fact of life that a tangle of laws exist in the U.S. legal code. The most widely recognised type, Chapter 11, permits the reorganisation, as opposed to the liquidation, of financially troubled businesses. An economic analysis has to start with the observation that business failure is not always bad, as efficiency in the economy demands continual reallocation of resources. This book offers a thorough overview of the bankruptcy laws and procedures American businesses and consumers are faced with.

A Manual of Bankruptcy and Bills of Sale Law

With Analytical Notes to the Bankruptcy Act, 1883, and References to the Leading Cases in Bankruptcy Under the 1849, 1861, and 1869 Acts : the Bills of Sale Acts, 1854, 1866, 1878 and 1882 : and Debtors Acts, 1869 and 1878 : Together with Rules, Orders, and Forms, Forms of Deeds of Composition, Bills of Sale, and Rules in Interpleader, Etc

Bankruptcy

Judiciary Should Take Further Steps to Make Bankruptcy Data More Accessible

There have been long-standing questions about a lack of comprehensive and reliable information on consumer bankruptcies. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (Bankruptcy Reform Act) required the fed. judiciary's Administrative Office of the U.S. Courts to collect and report certain additional bankruptcy statistics and required the U.S. Trustee Program, which oversees bankruptcy case admin., to develop uniform final reports that provide certain specified data about each case. This report examines the: (1) availability and accessibility of data from the personal bankruptcy system; and (2) potential benefits and limitations of the new data requirements of the Bankruptcy Reform Act in addressing these issues. Illus.

Bankruptcy Investing - How to Profit from Distressed Companies

This topical and easily understood handbook explains how bankruptcy can affect a corporation and its capital structure and how investors can profit from the corporate bankruptcy process.

Bankruptcy

A Study in Comparative Legislation

A Manual Relating to Bankruptcy & Insolvency, and Imprisonment for Debt

Comprising the New Statute Law Verbatim, in a Consolidated and Readable Form, with the Rules, a Copious Index, and a Supplement of Decisions

Prescription for Bankruptcy

A Doctor's Perspective on America's Failing Health Care System and How We Can Fix It

In Prescription for Bankruptcy, Dr. Edward Hoffer, a graduate of MIT and Harvard Medical School with more than 40 years of medical experience, examines every segment of the American health care system and describes their contribution to the ever-growing costs that negatively affect health care in America. Not only does he identify the many cost issues, he offers solutions to dramatically reduce these costs and improve health care in America. A doctor's visit will never be the same for readers of this book. Dr. Hoffer offers practical ideas that will empower everyone to take more control over their health care and related expenses.

Bankruptcy

The Law and Practice Relating to Bankruptcy in Ireland

Comprising the Various Statutes Concerning Bankrupts and Debtors in Ireland : the Rules of the Supreme Court (bankruptcy) : the Various Orders Under the Debtors Act : Classified Notes of Irish and English Decisions : the Bills of Sale Acts, 1879 & 1883 : the Deeds of Arrangement Acts, 1887 & 1890 : the Preferential Payments in Bankruptcy Act, 1889 : and an Introductory Chapter on the Practice and Procedure in Bankruptcy

Crash Course

The American Automobile Industry's Road to Bankruptcy and Bailout-and Beyond

With an updated Afterword by the author This is the epic saga of the American automobile industry’s rise and demise, a compelling story of hubris, missed opportunities, and self-inflicted wounds that culminates with the president of the United States ushering two of Detroit’s Big Three car companies—once proud symbols of prosperity—through bankruptcy. With unprecedented access, Pulitzer Prize winner Paul Ingrassia takes us from factory floors to small-town dealerships to Detroit’s boardrooms to the White House. Ingrassia answers the big questions: Was Detroit’s self-destruction inevitable? What were the key turning points? Why did Japanese automakers manage American workers better than the American companies themselves did? Complete with a new Afterword providing fresh insights into the continuing upheaval in the auto industry—the travails of Toyota, the revolving-door management and IPO at General Motors, the unexpected progress at Chrysler, and the Obama administration’s stake in Detroit’s recovery—Crash Courseaddresses a critical question: America bailed out GM, but who will bail out America?

Canada. Innovation, Science and Economic Development - Office of the Superintendent of Bankruptcy Canada - Hamilton Central

Supervises the bankruptcy system, provides information on the bankruptcy process to debtors, and responds to complaints from bankrupts and creditors.

Canada. Canada Revenue Agency - Community Volunteer Income Tax Program and GIS Preparation Clinics

Offers volunteers who assist individuals who are unable to complete income tax and benefit returns.

These returns are not eligible for this service:
* returns for deceased persons
* individuals who file for bankruptcy
* self-employed individuals
* individuals who report capital gains or losses
* individuals who report employment expenses, or business or rental income and expenses

Volunteer tax preparation clinics are offered in various locations across Canada, generally between February and April of each year. Some clinics operate year-round.

Hoyes, Michalos & Associates - Consumer Proposals, Bankruptcy, Debt Relief - Brantford - Brant Ave

Offers a full range of debt relief options including consumer proposals, bankruptcy, and debt relief

Services offered:
* managing debt
* stop a wage garnishment
* stop collection calls
* eliminate credit card debt
* dealing with tax debt
* student loan debt relief

Canada. Canada Revenue Agency - Community Volunteer Income Tax Program and GIS Preparation Clinics

Offers volunteers who assist individuals who are unable to complete income tax and benefit returns.

These returns are not eligible for this service:
* returns for deceased persons
* individuals who file for bankruptcy
* self-employed individuals
* individuals who report capital gains or losses
* individuals who report employment expenses, or business or rental income and expenses

Volunteer tax preparation clinics are offered in various locations across Canada, generally between February and April of each year. Some clinics operate year-round.

Thrive Counselling - Financial Fitness / Credit Counselling - Oakville Head Office

Provides money management planning, budgeting advice and counselling concerning credit and debt matters

Major services:
* debt and financial stress management
* administration of debt repayment resolution plans
* money management counselling for individuals or couples
* bankruptcy counselling where they have recommended this service to another provider in the community
* third-party advocacy regarding debt and financial problems

* counselling times can be arranged by appointment only for Oakville, Burlington or Milton

Ontario. Ministry of the Attorney General - Superior Court of Justice - Civil Court - Milton Courthouse

* hears all civil proceedings in Ontario, including commercial matters, personal injury, bankruptcy and insolvency cases, and litigation involving wills and estates

Visit the website for more information on civil cases

Harris & Partners - Licensed Insolvency Trustee - Brantford - Grey St

Bankruptcy and insolvency services provided include:
* filing for bankruptcy
* consumer proposals
* debt settlements
* financial planning and credit counselling
* both business and personal

MNP - Debt Relief Solutions - Brantford - Borden St

Trustee in bankruptcy and consumer proposal administrator

* bankruptcy
* consumer proposal
* orderly payment of debts
* debt consolidation
* credit counselling
* informal debt settlement
* other options

BDO Canada - Brantford Insolvency - Brantford - Park Rd N

Debt management services include:

* navigating the process of filing for bankruptcy
* drafting a practical proposal to creditors (consumer proposal)
* developing better budgeting and money management skills through credit counselling
* connecting with other debt consultants and professional advisors in situations where filing for bankruptcy or making a proposal are not suitable solutions

Travel Industry Council of Ontario

Association that answers consumers' inquiries and attempts to mediate complaints arising from the purchase of travel services from registered travel agencies. * Claims against the Ontario Travel Compensation Fund for the non-provision of travel services due to the bankruptcy or insolvency of an Ontario registered travel agency or travel wholesaler, or the cessation of an airline or cruise line.

Ontario. Ministry of the Attorney General, Court Services - Superior Court of Justice, Bankruptcy Court / Commercial List Office - Assessment Office

Handles bankruptcy related petitions, proposals and discharges, toronto.bankruptcy@ontario.ca * also civil litigation that falls within specific statutes such as Commercial List issues, toronto.commerciallist@jus.gov.on.ca

Ontario. Ministry of the Attorney General - Superior Court of Justice - Civil Court - Guelph - Woolwich St

All civil proceedings in Ontario are heard by the Superior Court of Justice. Civil cases are brought before the court following the Rules of Civil Procedure (filing an action or application). Examples of Civil court hearings include:
* injury
* bankruptcy and insolvency cases
* litigation involving wills and estates