When someone dies owing more money than their estate contains, the situation becomes an insolvent estate. Understanding the laws governing insolvent estates is crucial for anyone appointed as an estate trustee. 23 Oct

Complete Guide to Understanding Insolvent Estates in Ontario

Executor Liability: Administration of an Insolvent Estate 03 Jul

Insolvent Estate Administration: Why Transparency is Crucial

Sometimes, an estate’s debts and liabilities are greater than its assets. In Canada, an insolvent estate can only be assigned into bankruptcy with the court's permission. This is specifically outlined in Section 49(1) of the Bankruptcy and Insolvency Act (BIA). 10 Mar

Assigning an Involvent Estate into Bankruptcy: Canada

Filing for bankruptcy is often your last chance to get your feet back on the ground when you’re drowning in debt. It’s important to understand how this legal financial status affects your estate plans. 27 Jan

How Bankruptcy Affects Inheritances and Estate Plans

Will your family inherit your outstanding debts? Who’s responsible for paying them off? Can creditors pursue your beneficiaries for payment? 25 Oct

Don’t Leave Your Family Battling Debt Collectors

TV Chef Blew £2.8million Inheritance: Leaves Only £33k to Family 24 Aug

TV Chef Blew £2.8million Inheritance: Leaves Only £33k to Family