Podcast: Family Law Now

Family Law Now | Ep. 65: Bankruptcy & Breakdown of the Marriage 101

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Written by Russell Alexander ria@russellalexander.com / (905) 655-6335

Episode 65

Ontario-based family lawyers, Bill Rogers and Golan Yaron, and bankruptcy and insolvency experts, Howard Manis and Linda Stern share their insights on the topic of bankruptcy as it applies to separation and divorce. The panelists cover the following topics:
  1. What are Bankruptcy & consumer proposals?
  2. Circumstances: who, how and when
  3. Roles of the various players:
    1. Trustee
    2. Creditors
    3. Spouse
    4. CRA
    5. other secured and others and priorities
    6. Judges, the Family Court & the Bankruptcy Court
  4. Conflicts: protecting third-party creditors and rights of spouses
  5. Effect on equalization
    1. exempt assets
    2. Assignment of claims
  6. Effect on support and improved ability to pay
    1. Costs characterized as support
  7. Bankruptcy before / after the date of separation
  8. Effect of a discharge
  9. Fraudulent conveyances
  10. Litigation Strategies & Practice Tips

Family Law Now LIVE is a live virtual event series hosted by Russell Alexander and featured guests. They present on various topics surrounding family law to provide helpful information, answer questions, and share insights with the audience in real time. This podcast episode is a recording of a virtual event. Registration is now open to attend upcoming virtual events hosted by Family Law Now LIVE.

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Show Notes

“Completely Dysfunctional Couple” Headed for Bankruptcy in Their High-Conflict Case

Saving the Golden Goose: Part I; How Family Run Businesses can Survive and Thrive after Divorce

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About the author

Russell Alexander

Russell Alexander is the Founder & Senior Partner of Russell Alexander Collaborative Family Lawyers.