Chasing debtors and fraudsters: Avoiding pitfalls of potential bankruptcy, part one

By Scott R. Venton, Alexander Evangelista, Teodora Obradovic (March 22, 2023, 11:14 AM EDT) -- Debt collection can be a challenging exercise for a creditor, particularly where the debtor makes, or may make, an assignment in bankruptcy. Due to the application of the Bankruptcy and Insolvency Act, (Canada) (the BIA), bankrupt debtors receive protection from creditors’ claims, with claims typically being extinguished upon a debtor’s discharge from bankruptcy....