Her Majesty the Queen and Callidus Capital Corporation

The case of Her Majesty the Queen and Callidus Capital Corporation can be viewed here. We have also highlighted some of the more relevant factors considered in the case. Essentially the case outlines the Court’s perspective on whether the bankruptcy of a tax debtor and subsection 222(1.1) of the Excise Tax Act R.S.C. 1986 c.E15, as amended (the “ETA”) renders the deemed trust under S.222 [...]

Her Majesty the Queen and Callidus Capital Corporation 2018-07-13T12:07:02+00:00

Misconceptions About Personal Insolvency

Your creditors are calling from the early hours of the morning until late evening. They are pressing you to beg and borrow funds to pay their debt and can be very threatening. Unfortunately, there is no sympathy to your personal situation and the tone of these calls and the statements made can create fear, conflict, stress and anger. The only objective of a collection [...]

Misconceptions About Personal Insolvency 2018-07-11T11:35:24+00:00

Financial Consumer Agency of Canada – Consumer Alert – Debt Reduction Companies: Beware of “Too Good to be True” Offers

The Financial Consumer Agency of Canada (FCAC) ensures federally regulated financial entities comply with consumer protection measures, promotes financial education and raises consumers’ awareness of their rights and responsibilities... Read Full Article

Financial Consumer Agency of Canada – Consumer Alert – Debt Reduction Companies: Beware of “Too Good to be True” Offers 2017-12-05T20:03:59+00:00

Sign of the Times

During uncertain economic times it can be challenging for mortgage professionals, especially those new to the field, to find avenues for financial growth. Housing markets are depressed; consumers are worried about job stability; financial markets are sputtering and consumers are overextended. On top of all that, banks have tightened up their lending criteria, forcing many consumers to take uncomfortable steps to get themselves out [...]

Sign of the Times 2018-07-11T11:30:20+00:00

Be Prepared for the NIQP’s Challenges – Rebuilding Success, Spring 2006 issue

If you are planning to take the National Insolvency Qualification Program, you had better come prepared. Composed of five courses and three separate exams, NIQP was created in 1998 as a streamlining effort to certify bankruptcy trustee candidates. The program, as explained by Superintendent of Bankruptcy Marc Mayrand in a 1997 release from Industry Canada, was created to, “ensure a consistent national approach to [...]

Be Prepared for the NIQP’s Challenges – Rebuilding Success, Spring 2006 issue 2018-07-11T11:24:03+00:00