Introduction: The life of a creditor in the commercial world is not always easy. Debtors will manufacture defences, avoid summary judgment etc. Debtors may sometimes turn to the Bankruptcy and Insolvency Act (BIA) for relief. They make an assignment into bankruptcy to bring their financial problems to a resolution, usually in the hopes of paying […]
Tag Archives: debt collection
A Saga of Debt Avoidance
Both the Ontario Superior Court of Justice (“ONSC”) and the Court of Appeal for Ontario (“ONCA”) have each had a share of the ongoing debt collection saga between a judgement creditor and the debtor company in Lo Faso v. Ferracuti. The latest battle, discussed below, deals with the issue of whether, and when, amendments sought […]