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Navigating a bankruptcy with your property and long-term financial goals intact can be incredibly difficult. Our bankruptcy lawyers can represent you during this difficult time and work to make sure your debts are resolved in a way that respects your needs.
We can provide representation for both personal and corporate bankruptcy in Canada.
McQuarrie’s bankruptcy and insolvency lawyers can provide legal representation with respect to a variety of bankruptcy and insolvency matters, including:
- Personal bankruptcy
- Commercial bankruptcy
- Commercial proposals and restructuring
- Priority disputes
- Discharge applications
Personal bankruptcies are stressful events, but Canadian law provides many protections for those who no longer have the resources to cover personal debts. Speaking to a lawyer and developing a bankruptcy plan can make it easier to maintain retirement savings, family homes, vehicles and other important assets. You can reach our bankruptcy lawyers in Surrey to discuss your next step.
Our lawyers will work to provide the best outcome for partners, executives, and shareholders in the event of a corporate bankruptcy in Canada. The law provides many protections to prevent a corporate bankruptcy from being a catastrophic event for the BC commercial market or the professionals who are employed by these companies.
Commercial Proposals and Restructuring
Commercial proposals and restructuring plans are a common part of corporate bankruptcy negotiations with the court. Our corporate bankruptcy lawyers can help you develop plans that meet your goals and and fight for you to win approval from the court during a negotiation.
Not all debts are given the same level of priority in bankruptcies. Some will inevitably receive a larger share as part of the negotiations. If you are a lender who is concerned about the priority of debts you are owed in an ongoing bankruptcy, we can assist you.
A receivership is an alternative to bankruptcy where a person chosen by court is given authority over a company and how it manages its debts for a period of time. Your corporate bankruptcy law firm can participate at several points within this process. A change of leadership can be an effective way to manage debts during a corporate bankruptcy in Canada, but you need assurance that an adequately qualified and acceptable receiver is appointed. Our lawyers can assist you.
A successful discharge application allows for a debt to be completely discharged. However, the application can be opposed by the holder of the debt. Our corporate bankruptcy law firm can represent parties on either side of the table during a discharge dispute.
If you would like to know any more about our services, or schedule a consultation with one of our lawyers, you can do so right here on our website. Our lawyers are experienced and ready to help clients with both private and corporate needs.