Faillite Archives - André Gabbay

Faillite


sept.

17

2014
Repayment of Retail Tax and Bankruptcy

Repayment of Retail Tax and Bankruptcy

Businesses that sell goods or provide services in Canada are obliged to collect sales tax on most items sold. Depending on which province or territory business is carried out in it may also be necessary to pay taxes there. In 2010, the harmonized sales tax was introduced and replaced the provincial sales tax and the goods and services tax in the participating provinces. Some provinces,…

Lire plus…


sept.

03

2014
Bonus and incentive

Incentive Bonuses and Bankruptcy

The Office of the Superintendent of Bankruptcy (OSB) overseas and supervises the insolvency system in Canada and ensures that all aspects of the Bankruptcy and Insolvency Act (BIA) are complied with. Since 2009 the OSB also carries out the duties and powers mandated by the Companies’ Creditors Arrangements Act (CCAA). The CCAA is a federal law allowing insolvent corporations that owe their creditors in excess…

Lire plus…


août

20

2014
A History of Bankruptcy

A History of Bankruptcy

Bankruptcy or insolvency is the legal status of a person or an organization that cannot repay the debt it owes to its lenders (creditors). Bankruptcy law is the legal remedy available for the recovery of debt. The concept of debt forgiveness can be traced back to the Old Testament. There it is stated that every seventh year debts shall be eliminated. Those Israelites who had…

Lire plus…


juil.

23

2014
Personal Bankruptcy in Canada and Quebec

Personal Bankruptcy in Canada and Quebec

Personal bankruptcy is a legal process that is available for an individual who is overextended financially and unable to pay his or her debt. The individual can file for bankruptcy in order to seek to legally eliminate some or all of his or her debt. Over the past two decades, personal bankruptcy rates have risen dramatically in Canada. It is believed that there are two…

Lire plus…


mars

21

2014
Canadian Federal Bankruptcy Law and Quebec Civil Law

Canadian Federal Bankruptcy Law and Quebec Civil Law

Quebec’s legal system was established when New France was founded under the rein of Louis XIV in 1663. Quebec adopted the custom of Paris (Coutume de Paris) as its main authority of law. This means that Quebec has a civil law system and that the courts are administered under an inquisitorial system. All other Canadian provinces adhere to the English legal tradition of common Law….

Lire plus…


févr.

06

2014
The ABCs Of Bankruptcy

The ABCs Of Bankruptcy

Canadian Bankruptcy ABC Personal bankruptcy is a legal proceeding administered under and governed by the Bankruptcy and Insolvency Act (BIA). In Canada, only Licensed Insolvency Trustees can perform and administer a bankruptcy proceeding. Their job is to help people through the process so that they can obtain relief from creditors (people or companies that they owe money to) and get a fresh start in life….

Lire plus…