Applicability of the Bankruptcy and Insolvency Act to Personal Injury Law
Address : 1033 Bay St, Toronto, ON M5S 3A5, Canada
Join us for a 75 minute webinar featuring Jason Singer, Singer, Kwinter, Joel Ross, Ross Advisory Group & Allan Fogul, Gertler & Koven, Barristers and Solicitors.
In many instances, clients of personal injury firms suffer from a combination of both physical injury as well as financial difficulty. Injury can impact one’s ability to generate an income – when there’s limited or reduced income, expenses start to pile up and financial difficulty quickly follows.
Injured people who commence personal injury claims are often left in a very difficult financial predicament, which can often be mitigated by filing a proceeding under the Bankruptcy and Insolvency Act. Awards or settlements generated from such proceedings will often not be affected by the BIA filing. In this respect, a BIA proceeding can be a very effective means to deal with existing debt throughout the personal injury claim process.