Insolvency Litigation Lawyers and Law Firms

What is Insolvency Litigation?

Insolvency litigation refers to legal disputes that arise when a company or individual is unable to meet their financial obligations and seeks protection under bankruptcy or insolvency laws. In Ontario, insolvency litigation is governed by the Bankruptcy and Insolvency Act, which sets out the rules and procedures for resolving disputes related to bankruptcy and insolvency. These disputes can involve a wide range of issues, including the recovery of assets, the enforcement of security interests, and the distribution of proceeds from the sale of assets.

There are many examples of insolvency litigation cases that have been heard in Ontario. For instance, a dispute over the sale of assets from a bankrupt company could result in litigation between the creditors and the trustee in bankruptcy. Similarly, a dispute between a debtor and a secured creditor over the enforcement of a security interest could be litigated in court. Other examples of insolvency litigation cases include disputes over the validity or enforceability of claims by creditors.

How a Lawyer Can Help

In these matters, an insolvency litigation lawyer can play a critical role in helping individuals and businesses navigate the complexities of bankruptcy and insolvency proceedings. An insolvency litigation lawyer can assist clients in evaluating their legal position, in developing a strategy for resolving the dispute, and in representing them in court. In addition, an insolvency litigation lawyer can provide support and guidance to clients throughout the litigation process, helping them to understand their rights and obligations, and ensuring that their interests are protected. Ultimately, working with an insolvency litigation lawyer can help clients to achieve a favorable outcome in their case, while minimizing the risk of costly litigation.