Ira Smith Trustee & Receiver Inc.

09/09/2026

McLean: fact-specific. Ira Smith & Brandon Smith, Licensed Insolvency Trustees. Starting Over Starting Now. Free, confidential consult: https://irasmithinc.com/blog/conditional-discharge-bankruptcy-addiction-canada/

09/09/2026

BIA DIVISION I: ONE-SHOT RULE
Ira & Brandon Smith, Licensed Insolvency Trustees. Starting Over Starting Now.
irasmithinc.com/blog/what-is-a-division-i-proposal-ontario/
167 Applewood Cr., #6, Vaughan, ON L4K 4K7

09/09/2026

ARE RISING COSTS TURNING YOUR FIXED-PRICE BUILDING CONTRACT INTO A CASH-FLOW CRISIS?

For Vaughan and GTA builders, labour, materials, financing costs and delays can quickly erase the margin built into a fixed-price contract. Continuing without a plan may leave your corporation exposed: and directors may face personal liability in certain circumstances.

A Notice of Intention (NOI) under Canada’s Bankruptcy and Insolvency Act may provide an eligible corporation with breathing room, including a potential stay of proceedings, while it assesses restructuring options and develops a formal proposal to creditors.

An NOI is not a last-minute shortcut. Timing, accurate cash-flow information and professional guidance matter. Acting before cash runs out can help protect operations, preserve value and keep viable projects moving.

Ira Smith and Brandon Smith, Licensed Insolvency Trustees at Ira Smith Trustee & Receiver Inc., help GTA businesses understand their options quickly and confidentially.

STARTING OVER STARTING NOW.

Book a free, confidential consultation:
Ira Smith Trustee & Receiver Inc.
167 Applewood Cr., #6, Vaughan, ON L4K 4K7
irasmithinc.com

09/08/2026

CREDITOR APPROVAL: THE NUMBERS GAME. Licensed Insolvency Trustees Ira Smith and Brandon Smith. Starting Over Starting Now. 167 Applewood Cr. Unit 6, Vaughan. irasmithinc.com/blog/consumer-proposal-toronto/

09/08/2026

DOES YOUR DEBT BALANCE LOOK WRONG?

Are you questioning the amount claimed, the payment history, or whether the account is even yours? Do not ignore the concern: and do not rush to acknowledge the balance, make a major payment, or sign a new arrangement before reviewing the facts.

PRESERVE YOUR PROOF:
• Statements and receipts
• Original agreements and account notices
• Emails, messages, and payment records
• Written dispute correspondence

Request clarification in writing and keep copies of everything. Documentation does not erase a valid debt, and collection rights depend on the facts and applicable rules. However, a clear record can help identify errors and ensure your options are assessed properly.

If debt remains overwhelming, a Licensed Insolvency Trustee can explain solutions approved by the Canadian Government, including a consumer proposal or bankruptcy, based on your circumstances.

Ira Smith and Brandon Smith are Licensed Insolvency Trustees at Ira Smith Trustee & Receiver Inc. Book your FREE, CONFIDENTIAL CONSULTATION:

167 Applewood Cr., #6, Vaughan, ON L4K 4K7
irasmithinc.com

STARTING OVER STARTING NOW.

09/07/2026

DISCHARGE HEARING? Ira Smith & Brandon Smith, Licensed Insolvency Trustees. Starting Over Starting Now. Free confidential consultation: https://irasmithinc.com/blog/conditional-discharge-bankruptcy-addiction-canada/

09/06/2026

Do you always need probate in Ontario? No: but the answer depends on the estate’s assets, ownership, beneficiary designations, and the requirements of each institution holding them.

Use this practical six-step approach:

✅ Locate the original Will, including any codicils or amendments.
✅ Inventory all estate assets, including bank accounts, investments, real estate, vehicles, business interests, and personal property.
✅ Ask each bank, investment dealer, insurer, and other institution for its written requirements.
✅ Verify ownership and beneficiary designations, including joint ownership and rights of survivorship.
✅ Calculate Estate Administration Tax carefully using date-of-death values. The first $50,000 is exempt; the tax is $15 per $1,000 above that amount.
✅ Consider professional support if the estate is complex, financially significant, or disputed.

Smith Estate Trustee Ontario provides impartial estate administration and probate guidance, including asset identification, tax coordination, transparent accounting, and distributions to beneficiaries. Our CPA-led team can help you administer the estate diligently and reduce the risk of avoidable errors.

Read the full guide: https://probateinontario.com/when-is-probate-required-in-ontario/

📞 (647) 799-3312
📍 167 Applewood Crescent, Unit 6, Concord, ON L4K 4K7
🌐 https://probateinontario.com/

09/04/2026

Are unopened bills and creditor letters making you feel ashamed or overwhelmed? You are not alone: and avoiding the mail can make it harder to understand your options.

Before a creditor meeting or confidential consultation:

• Bring one trusted support person, if that would help you feel more comfortable.
• Sort documents by urgency, starting with court notices, collection letters, and payment deadlines.
• Write down your questions before the meeting.
• Be open about all debts, income, and assets so your situation can be assessed accurately.

Ira Smith and Brandon Smith, Licensed Insolvency Trustees, can provide a confidential assessment and explain solutions approved by the Canadian Government. You do not need to have everything perfectly organised before asking for help.

Starting Over Starting Now begins with one manageable step: opening the conversation.

For a free, confidential consultation, contact Ira Smith Trustee & Receiver Inc. at 167 Applewood Cr., #6, Vaughan, ON L4K 4K7, or visit irasmithinc.com.

09/04/2026

ARE YOU REBUILDING YOUR HOUSEHOLD BUDGET AFTER A SEPARATION OR MAJOR CHANGE IN FAMILY SIZE?

A realistic plan starts with today’s facts: not last year’s numbers. Review your:

Income and support obligations
Housing costs and childcare
Shared debts and joint accounts
Changes in household expenses

Family-law and insolvency issues can intersect, but they are not the same. Support obligations may require separate professional advice, and their treatment should never be assumed. A Licensed Insolvency Trustee can help you understand your available, federally regulated options while you obtain appropriate advice for family-law matters.

Ira Smith and Brandon Smith, Licensed Insolvency Trustees, provide clear guidance for individuals across Vaughan and the GTA who are facing overwhelming debt after a major life change.

STARTING OVER STARTING NOW begins with a complete, confidential review of your situation.

Book your free, confidential consultation with Ira Smith Trustee & Receiver Inc.:
167 Applewood Cr., #6, Vaughan, ON L4K 4K7
irasmithinc.com

Ira Smith Trustee & Receiver Inc. is a full service insolvency and financial restructuring practice serving companies and individuals throughout the Greater Toronto Area (GTA) facing financial crisis or bankruptcy that need a plan for Starting Over, Starting Now.

09/04/2026

WHEN PARTNERS FIGHT, CREDITORS MOVE IN. Receivership follows. Ira Smith & Brandon Smith, Licensed Insolvency Trustees. Free, confidential consultation: irasmithinc.com | Vaughan. Starting Over Starting Now.