Baigel Corp - Licensed Insolvency Trustee

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Advising and rescuing small businesses | Licensed Insolvency Trustee Licensed Insolvency Trustee

10/20/2026

What Is Directors' Liability?

Many directors incorporate their companies believing that doing so completely protects their personal assets. While limited liability offers important and significant protection, there are circumstances where directors can become personally responsible for certain company debts. A corporation is a separate legal entity that owns its assets, incurs its own debts, and enters into its own contracts. If the business fails, creditors generally pursue the corporation rather than its directors or shareholders. However, that protection is not absolute. Understanding personal risks before financial problems develop, or even when solutions to financial distress are needed, can make an enormous difference to both businesses and directors.
Read more: https://www.baigel.ca/what-is-directors-liability/

*Baigel Corporation is a federally regulated Licensed Insolvency Trustee

10/14/2026

Many Canadians are unsure which debts can be included in a consumer proposal. From credit cards and personal loans to CRA tax debt and collection accounts, a consumer proposal can address many different financial obligations. However, not all debts are treated the same way.

Understanding which debts can be included, which may survive a consumer proposal, and how secured debts are handled is an important first step toward making an informed decision.

Read more: https://www.baigel.ca/what-types-of-debt-can-be-included-in-a-consumer-proposal/

*Baigel Corporation is a federally regulated Licensed Insolvency Trustee

10/07/2026

The United States continues to accumulate record levels of government debt, leading many economists to ask whether the long-term consequences could extend beyond its borders. Here's what Canadians should understand and why it matters to households as well as businesses.

Read more: https://www.baigel.ca/us-debt-crisis-canada/

*Baigel Corporation is a federally regulated Licensed Insolvency Trustee

10/01/2026

If you've been searching for answers about debtor business financial trouble, then you've probably come across the term "Licensed Insolvency Trustee" aka an “LIT”, This article explains what these professionals do and how they help you understand all of your available financial options.

Read more: https://www.baigel.ca/what-is-a-licensed-insolvency-trustee/

*Baigel Corporation is a federally regulated Licensed Insolvency Trustee

09/28/2026

An increasing number of medical doctors in Canada find themselves burdened by significant CRA debt despite earning a good income. Learn why tax debt is common among doctors and what options are available if repayment has become difficult.

Read more: https://www.baigel.ca/tax-debt-strategies-for-doctors/

*Baigel Corporation is a federally regulated Licensed Insolvency Trustee

09/23/2026

Household debt continues to outpace income across Canada, leaving many families wondering how long they can keep up. Learn what this trend means, why it matters, and the practical steps you can take before financial pressure turns into a much bigger problem.

Read more: https://www.baigel.ca/household-debt-exceeds-income-canada/

*Baigel Corporation is a federally regulated Licensed Insolvency Trustee

09/16/2026

A business owner may think that insolvency and bankruptcy mean the same thing. They do not, insolvency is not bankruptcy. In simple terms, insolvency means the company is in serious financial trouble. Bankruptcy means a formal legal process has started. Understanding the difference could mean the difference between protecting your business, your assets, and your own personal financial future, or losing it all.

Read more: https://www.baigel.ca/corporate-debt-restructuring-insolvency-vs-bankruptcy/

*Baigel Corporation is a federally regulated Licensed Insolvency Trustee

09/14/2026

Some Canadians are surprised to learn that the Canada Revenue Agency has collection powers that other creditors do not. If you owe CRA more than you can realistically repay, a Canadian consumer proposal may be the only way, outside a bankruptcy, that allows you to reduce the principal amount of that debt.

Read more: https://www.baigel.ca/canadian-consumer-proposal-cra-debt/

*Baigel Corporation is a federally regulated Licensed Insolvency Trustee

09/09/2026

Canadians are reaching a financial breaking point as household debt continues to climb – tariffs, increased costs of living, job uncertainty, decline in housing values (particularly the new construction contracts that can no longer qualify for mortgage financing, etc.. Learn why increasing numbers of smart people are turning to Licensed Insolvency Trustees and what options may be available when managing debt starts to become a worrying question.

Read more: https://www.baigel.ca/licensed-insolvency-trustees-demand/

*Baigel Corporation is a federally regulated Licensed Insolvency Trustee

09/03/2026

Summer memories should last longer than the credit card bills. If vacations, family activities, and rising seasonal costs have left you carrying more debt than expected, a Canadian consumer proposal may help you regain control before that debt follows you into the next year.

Read more: https://www.baigel.ca/canadian-consumer-proposal-summer-debt/

*Baigel Corporation is a federally regulated Licensed Insolvency Trustee

Address

200 Consumers Road, Suite 705
Toronto, ON
M2J4R4

Telephone

6477777916

Website

http://smallbusinessinsolvency.ca/

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