CLE Online

Mary I.A. Buttery — DLA Piper (Canada) LLP, Vancouver
Geoffrey H. Dabbs — Gehlen Dabbs, Vancouver
Teresa M.A. Sheward — CLEBC Program Lawyer

General Overview of All Insolvency Statutes

• insolvency—identifying it factually and analyzing it legally
• trying to avoid bankruptcy—proposals and creditor protection
• bankruptcy under the Bankruptcy and Insolvency Act of Canada
• receivership under provincial law
• practice directions and model orders of the Supreme Court
• pitfalls to watch out for!
• other potentially applicable federal and provincial law
• practice considerations, advice, and action points 

Geoffrey H. Dabbs — Gehlen Dabbs, Vancouver
Mary I.A. Buttery — DLA Piper (Canada) LLP, Vancouver

Who’s on First: Priority Issues in Bankruptcy and Insolvency

• the basic priority scheme under the Bankruptcy and Insolvency Act
• priority creditors
  • secured creditors
  • Crown claims
  • unpaid suppliers
  • the Wage Earner Protection Program Act
• postponed creditors
  • equity claims
  • non-arm’s length transactions
• trust property
• exempt property

Gregory J. Gehlen — Gehlen Dabbs, Vancouver

Networking Break

Family Law and Bankruptcy

• property issues and the division of family property in insolvent circumstances
• effect of bankruptcy and bankruptcy protection of a spouse under the Bankruptcy and Insolvency Act of Canada
• specific property issues such as excluded property
• priority issues
• spousal support and maintenance
• impact of the Family Property Act of British Columbia
• practical reality of the legal analysis of family law in insolvent circumstances
• ethical and practice issues

Benjamin La Borie — Hakemi & Ridgedale LLP, Vancouver
Jennifer McCracken, CIRP — Trustee, Senior Manager, Personal Restructing Services, Deloitte Restructuring Inc., Langley

Issues for Litigation

• fraudulent preferences and transfers at undervalue
• section 38 claims
• lifting the stay of proceedings
• section 163 examinations
• waiving solicitor/client privilege on behalf of a bankrupt company
• claims to property in possession of the bankrupt
• fraud claims surviving discharge

Sherryl Dubo — Fulton & Company LLP, Kamloops

Networking Lunch

Landlord and Tenant

• bankruptcy and the landlord-tenant relationship
• impact on landlord's rights/remedies on tenant making a proposal under the Bankruptcy and Insolvency Act of Canada
• impact on landlord's rights/remedies on tenant filing for creditor protection under the Companies' Creditors Arrangement Act of Canada
• receivership of the tenant
• landlord's options in dealing with a potentially insolvent tenant
• tips and traps in dealing with a defaulting tenant

Peter J. Roberts — Lawson Lundell LLP, Vancouver

 Directors' and Officers' Liability in Insolvency

• who is considered an officer or director?
• types of liability
  • unpaid tax obligations
  • statutorily assumed corporate liability
  • liability for wages and pensions
  • WEPPA
• avoiding or minimizing the liability
  • defences
  • bankruptcy
  • resignation; timing issues
  • payment strategy
  • compromising claims against directors
• indemnification and insurance
• liability for breach of directors' duties
  • officers and directors as secured creditors
  • declaration of dividends by insolvent corporations
  • voluntary obligations as officers and directors
  • derivative actions
  • breach of trust

William D. Riley — Barrister & Solicitor, Vancouver

Forbearance

• forbearance agreements
• settlements
• avoiding fraudulent conveyances/preferences
• issues under federal and provincial statutes
• professional responsibility

H. Lance Williams — DLA Piper (Canada) LLP, Vancouver

 Networking Break

 Proposals

• division I proposals
• notice of intention
• stay of proceedings
• default
• financing
• 'out of court' proposals
• informal proposals

Vicki Tickle — Fasken Martineau DuMoulin LLP, Vancouver

Personal Bankruptcy & Discharge of Bankrupt

• process
  • the trustee in bankruptcy
  • summary administration vs. ordinary administration 
  • stay of proceedings
  • property of a bankrupt
  • surplus income 
• role of creditors
  • the filing of proofs of claims
  • acting as inspector 
• conclusion of process
  • orders of discharge
  • debts which survive after discharge
• what you need to know if you are acting for a bankrupt or creditor
• grounds for opposing the bankrupt’s discharge
• what evidence you should put before the court
• what orders the court may make

Lana Gilbertson, CIRP — Trustee, Senior Vice-President, Advisory Services, MNP Ltd., Vancouver

Questions and Discussion