CLE Online

Welcome and Land Acknowledgement (9:00 – 9:10)

Geoffrey H. Dabbs — Gehlen Dabbs, Vancouver

General Overview of All Insolvency Statutes (9:10 – 9:45)

• 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

Priority Issues in Bankruptcy and Insolvency (9:45 – 10:25)

• 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

Carol M. Cash — Gehlen Dabbs, Vancouver

BREAK (10:25 – 10:40)

Insolvency and the Landlord—Tenant Relationship (10:40 – 11:20)

• 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
• receivership of the tenant
• Commercial Tenancy Act and liability of bankruptcy trustee and receiver for rent
• landlord's options in dealing with a potentially insolvent tenant
• tips and traps in dealing with an insolvent tenant
• review of BC's response to COVID-19 relating to commercial tenancies

Sherryl Dubo — McMillan Dubo Law Group, Kamloops

Directors' and Officers' Liability in Insolvency (11:20 – 12:05)

• who is considered an officer or director?
• types of liability
• avoiding or minimizing the liability
• indemnification and insurance
• liability for breach of directors' duties

Ryan Laity — Borden Ladner Gervais LLP, Vancouver

LUNCH (12:05 – 12:50)

Forbearance Agreements and Guarantees (12:50 – 1:30)

• forbearance agreements
  • timing and effect
  • key terms and optional terms
  • issues and pitfalls
• guarantees
  • key terms
  • common defences
  • ILA

Jordan D. Schultz — Dentons Canada LLP, Vancouver

Non-consumer Proposals (1:30 – 2:05)

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

Vicki Tickle — McMillan LLP, Vancouver

BREAK (2:05 – 2:20)

Personal Bankruptcy and Discharge of Bankrupt (2:20 – 3:10)

• 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
  • student loans
  • tax driven bankruptcies
  • multiple bankruptcies
• grounds for opposing the bankrupt's discharge
• what evidence you should put before the court
• what orders the court may make
  • variation of bankruptcy discharge orders
  • appeals

Jennifer McCracken, LIT — BDO First Call Debt Solutions, Langley
Cody G. Reedman — Reedman Law, North Vancouver

Hot Topics Roundtable (3:10 – 3:30)

• impact of the pandemic on insolvency filings over the past two years and potential impacts of anticipated end of government pandemic assistance
  • personal insolvency perspective
  • corporate insolvency perspective
• CRA compliance clauses
• debts that survive bankruptcy—recent decisions on what is owed to Securities Commission
• effective limitation periods in insolvency filings

Geoffrey H. Dabbs — Gehlen Dabbs, Vancouver
Jennifer McCracken, LIT — BDO First Call Debt Solutions, Langley
Cody G. Reedman — Reedman Law, North Vancouver
Vicki Tickle — McMillan LLP, Vancouver