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You've Received Foreclosure Papers. Now What?
Falling behind on a mortgage is stressful. Sometimes the default arises from missed payments. Sometimes the mortgage has matured and cannot be paid out at the end of the term. In other cases, additional borrowing secured against the property has made the debt load unmanageable. Then a package from the lender arrives, often including letter from the lender's law firm demand payment and acceleration of the mortgage, and a Notice of Intention to Enforce Security under the Bankru
Danny Park joins Reedman law
We're pleased to welcome Danny K. Park to our insolvency and commercial litigation practice. Danny is a litigator with experience across commercial litigation, debt recovery, and complex business disputes. He brings a practical, detail-oriented approach to every file he handles. Danny's practice focuses on bankruptcy, insolvency, and commercial litigation, including creditor and debtor disputes, contract and shareholder disputes, foreclosure proceedings, and builders' lien an
Business Wind-Downs
This post is for informational purposes only and does not constitute legal advice. Deciding to close a business is rarely easy especially if it is the result of financial pressures. But how you close matters just as much as the decision itself for your stakeholders including creditors, your employees, and your own personal exposure. If structured as a sole proprietorship there is no separation between in the individual and the business. For companies incorporated through prov
Michael Noguera Joins Reedman Law
We're delighted to welcome Michael Noguera to our insolvency and commercial litigation practice. Michael is a seasoned practitioner with broad experience in commercial insolvency, bankruptcy, corporate restructuring, and debt disputes. He's known for his sharp analytical skills and pragmatic approach to resolving complex financial matters. His practice regularly involves cases under the Companies' Creditors Arrangement Act and the Bankruptcy and Insolvency Act , along with i
Reedman Law Acts as Lead Appellate Counsel at the Supreme Court of Canada in Piekut v. Canada (National Revenue), 2025 SCC 13
On April 17, 2025, the Supreme Court of Canada released its decision in Piekut v. Canada (National Revenue) , a significant case on the timing of student loan debt in insolvency proceedings. Cody Reedman of Reedman Law acted as lead appellate counsel for the appellant in her challenge of the interpretation of section 178(1)(g)(ii) of the Bankruptcy and Insolvency Act . The case asked a question: When does a person “cease to be a full- or part-time student” for the purpose of
Reedman Law acts as lead appellant counsel at SCC's recent bankruptcy decision involving Securities Commission financial sanctions
On December 6, 2024, Cody Reedman of Reedman Law acted as lead counsel for the appellants at the Supreme Court of Canada. He previously acted as counsel before the BC Court of Appeal and on the initial chamber's application. On July 31, 2024, the Supreme Court of Canada released its reasons for judgement in Poonian v. British Columbia (Securities Commission) , 2024 SCC 28 granting the appeal in part. The appeal dealt with the interpretation of sections 178(1)(a) and (e) of th
A Fair Fee - Legal Profession Act Reviews of Lawyers Accounts
When a client hires a lawyer and that lawyer renders accounts for services rendered, those legal fees are reviewable pursuant to the provisions of the Legal Profession Act , regardless whether it is a criminal defence or civil litigation matter, or a commercial transaction. The LPA provides a mechanism by which either a lawyer or client can apply to have the lawyer’s accounts reviewed, which then results in the Registrar endorsing a Certificate of Fees which is deemed to be e
Government Student Loans: the financial and procedural challenges to hardship applications
Introduction Government student loans are unique debts in that student borrowers are given credit by the government for the purposes of bettering themselves and becoming contributing members of the economy. Section 178(1) of the Bankruptcy and Insolvency Act represents debts and liabilities that are excluded from a discharge from bankruptcy and includes debts and liabilities from spousal and child support, liabilities obtained from false pretenses or fraudulent misrepresentat
Grace Lindsey joins us as an articled student for 2023/2024
We are pleased to announce that Grace Lindsey, a graduate of the UBC Peter A. Allard School of Law, will be joining our firm as an articled student starting in August 2023. She previously volunteered with the Law Students’ Legal Advice Program (LSLAP) to provide pro-bono legal services to low-income individuals. We are pleased to welcome her as our firm's third articled student at Reedman Law, and are excited to have Grace join our team.
Employer Bankruptcy and Termination Pay
*By Ryan Sissons (summer articled student) Being terminated or losing your job is undoubtedly a challenging experience, and this difficulty is further exacerbated when the company is insolvent. Directing an insolvent company also gives rise to numerous concerns. Therefore, it is essential to understand that a company's bankruptcy or receivership does not automatically absolve it of its obligations to its employees. Employee Wage Protections Under the Bankruptcy and Insolvency
Surplus Income in a Bankruptcy
In today's post, we'll be focusing on surplus income and Directive 11R2. This policy holds significant relevance for consumer debtors as it directly impacts bankruptcy proceedings in Canada. Most crucially, it determines the amount a debtor will need to contribute to their bankruptcy. To phrase it differently, the creditors bear the brunt of the loss due to the bankruptcy, and the bankrupt party is also expected to tighten their financial belts if they have the capacity to do
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