Bankruptcy Law Toronto

Bankruptcy Law Toronto We provide solutions for your most serious debt problems

09/10/2026

Are you a borrower facing a lender-enforced sale: or considering buying a distressed GTA property? A credit bid can materially change the outcome.

In plain language, a lender may use money it is already owed as part of the purchase price instead of paying cash. This can affect:
• who ultimately owns the property;
• what competing buyers must offer; and
• how much, if anything, may remain for other creditors.

Before acting, review the property’s valuation, the ranking of registered and other debt, transaction and carrying costs, and any court approval requirements. Outcomes depend on the facts and are not guaranteed.

For a free, confidential consultation, speak with Ira Smith and Brandon Smith, Licensed Insolvency Trustees, at Ira Smith Trustee & Receiver Inc. Visit irasmithinc.com or our Vaughan office: 167 Applewood Cr., #6, Vaughan, ON L4K 4K7.

Starting Over Starting Now.

09/01/2026

Protection buys time; viable plans deliver fresh starts. Ira Smith & Brandon Smith, Licensed Insolvency Trustees. Free confidential consultation: irasmithinc.com. Starting Over Starting Now.

08/28/2026

THE SPEED TRAP: Supply chain pivot failing? Ira Smith and Brandon Smith, Licensed Insolvency Trustees, help. Starting Over Starting Now. 167 Applewood Cr Unit 6 Vaughan ON L4K 4K7 irasmithinc.com

08/24/2026

Are you a GTA business owner trapped in a commercial lease where rent is outpacing cash flow: even though the business itself may still be viable?

A “zombie” commercial lease can keep draining your business long after the space stops making financial sense. Waiting for landlord enforcement, distress, or termination notices may reduce your options and increase personal exposure where guarantees or director obligations are involved.

We help business owners assess the full picture, including:
• Onerous lease obligations and arrears
• Realistic landlord negotiation strategies
• A possible Division I proposal or NOI (Notice of Intention) where appropriate
• Steps to stabilise operations and protect business value

Ira Smith and Brandon Smith are Licensed Insolvency Trustees who provide practical, confidential guidance for complex GTA restructuring situations.

Contact Ira Smith Trustee & Receiver Inc. for a free, confidential consultation.

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

STARTING OVER, STARTING NOW.

08/21/2026

NAVIGATING THE COMPLEXITIES OF INSOLVENCY? UNDERSTANDING BIA RIGHTS AND CREDITOR PROTECTIONS IS CRITICAL.

Are you familiar with the procedural nuances of the Bankruptcy and Insolvency Act (BIA)? From navigating the 407 ETR plate denial rulings and avoiding the hidden dangers of the bank offset trap, to leveraging the power of the stay of proceedings, understanding how these mechanisms work can protect your interests and prevent unexpected financial setbacks.

Whether you are an individual debtor or a business owner facing complex financial challenges, knowing your rights under Canadian law ensures fair treatment and structured solutions approved by the Canadian Government. Do not let procedural traps catch you off guard.

Licensed Insolvency Trustees Ira Smith and Brandon Smith are here to help you navigate these intricacies with clarity and confidence. Starting Over, Starting Now.

Visit irasmithinc.com to learn more about your options.

Contact us at our Vaughan office for a free, confidential consultation:
📍 167 Applewood Cr., #6, Vaughan, ON L4K 4K7

08/19/2026

INSOLVENCY VS BANKRUPTCY: UNDERSTANDING THE GAP. Insolvency is the crisis; bankruptcy is a solution approved by the Canadian Government. Ira Smith and Brandon Smith can help. irasmithinc.com

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167 Applewood Cr
Vaughan, ON
L4K4K7

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+16477993312

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