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This publication is a practical guide for lawyers, accountants, trustees, and lenders regarding the complete bankruptcy process. Written by bankruptcy and insolvency expert Frank Bennett, the second edition includes up-to-date key legislative changes since the first edition published over 20 years ago.
Bennett’s A to Z Guide to Small Business Bankruptcy and Insolvency, 2nd Edition is a practical guide for lawyers, accountants, trustees, and lenders regarding the complete bankruptcy process. Written by bankruptcy and insolvency expert Frank Bennett, the second edition includes up-to-date key legislative changes since the first edition published over 20 years ago.
In one handy and indispensable bankruptcy primer, readers of this new edition will find straightforward information on:
- The major steps in the bankruptcy and proposal routes, including flowcharts, and providing an overview of the different stages
- The duties of a bankrupt and the roles of the trustee, registrar and creditors
- The distribution of a bankrupt’s property and exempt property
- The property that a bankrupt is allowed to keep
- The debts that survive bankruptcy
- The disadvantages of bankruptcy and how to help your client avoid it
- Common questions clients ask, such as:
- Who Prepares the Debtor’s Income Tax Returns?
- Is Notice of the Debtor’s Bankruptcy in the Newspaper?
- Can Creditors Continue to Call on the Debtor for Payment After Bankruptcy?
- Will the Debtor’s Employer Find Out About the Bankruptcy?
- Is the Debtor’s Credit Rating Affected?
- What Happens to the Debtor’s Bank Accounts?
- Where Can the Debtor Acquire Better Budgeting Skills?
- Can the Debtor Get a Loan After Bankruptcy?
- Are the Assets of the Debtor’s Spouse Affected?
- Where Does the Debtor Find a Bankruptcy Lawyer? A Trustee?
- Does the Debtor Have any Director’s Liabilities?
- Can the Debtor Keep the Car After Bankruptcy?
Features of This Book
Bennett’s A to Z Guide to Small Business Bankruptcy and Insolvency, 2nd Edition features a complete set of precedents plus a helpful glossary of terms, covering everything from “Application for a Bankruptcy Order” to “Writ of Seizure and Sale”. It also includes more than 30 forms designed to guide practitioners through the bankruptcy process, such as:
- Statement of Affairs – Business and Non-Business
- Resolution of Directors
- Bankruptcy Order
- Third Party Guarantee
- Notice to Creditors of First Meeting
- Proof of Claim
- Notice of Impending Automatic Discharge of First-Time Bankrupt
- Affidavit of Earnings
- Notice to Creditors of Consumer Proposal
- Plus many more
Who Should Read This Book
Written from a practitioner's point of view, this new edition is perfect for:
- Bankruptcy and Insolvency Lawyers
- Corporate and Commercial Lawyers
- Lenders including banks, trust companies, syndicated lending associations
- Trustees, Receivers, Monitors, Accountants, Debtors, Directors and Officers
- Credit Counsellors
- Corporate Secretaries, and In-House Corporate Counsel
- Government agencies
- Small business owners
- Professionals and self-employed