Bennett & Company helps creditors recover assets from their debtor. It’s a race of the swift for creditors when a company or individual is failing financially. The Bankruptcy and Insolvency Act is designed to protect creditors of insolvent debtors and to ensure that there is an orderly and fair administration of their assets. Bennett & Company can advise creditors in several distinct ways:
- applying for a bankruptcy order;
- appointment of an interim receiver;
- administering the bankruptcy with the trustee; and,
- becoming an inspector.
Bennett & Company can assist creditors in pursuing debtors.
Debtors – Corporate
Bennett & Company can help your business if creditors are pursuing you by:
- defending an application for a bankruptcy order;
- resisting the appointment of an interim receiver;
- counselling the debtor before, during, and after the bankruptcy about various issues; and,
- attending with the debtor or bankrupt on examinations.
Debtors – Consumer
Bennett & Company gives individual people legal advice on whether or not bankruptcy is the right solution for your debts. Before a debtor goes into bankruptcy, the debtor may not realize that he/she has assets to protect. Before you file for bankruptcy with a trustee, you must see a lawyer first. Buy yourself a copy of Frank’s book, Bennett on Consumer Bankruptcy.
Bennett & Company provides legal advice to trustees during a bankruptcy administration by way of the following services:
- taking appropriate motions for the recovery of property;
- conducting examinations of the debtor and others;
- preparing Trustee Reports for the court; and,
- assisting the trustee in finalizing the bankruptcy administration.