Personal Insolvency
Our professional team of Montreal bankruptcy trustees
will help you assess your financial situation and find the solution that is best suited for you. We have offices in Montreal, the South Shore and in the West Island.
Commercial Insolvency
As experienced insolvency professionals, our team of Montreal bankruptcy trustees have the expertise to properly assess the financial health of your business and find the best solution to its financial problems.
Services
Managing Insolvent Estates
When heirs are facing an insolvent estate after the death of a dear one, what come to mind is to renounce to their right in the estate to avoid paying the debts of the deceased. In some cases another solution may be considered and be more appropriate: to put the estate of the deceased into bankruptcy. It may be the case for instance, when the deceased was the owner of part or all the shares of a corporation. The trustee, to whom the interest in these shares will vest, may, if appropriate, put the corporation into bankruptcy and allow for an orderly liquidation of its assets or sell the shares of that corporation to other parties to ensure continuity of the business. The bankruptcy of an estate may facilitate the sale of assets jointly owned by the deceased and one or several other parties. Some assets of an insolvent estate, because of their sentimental value, are worth a lot more to those close to the deceased than to anybody else. If the price offered to the trustee for these assets is fair and with Court approval if the buyer is related to the deceased, it may be possible to buy these assets from the trustee and to avoid that part of the familial heritage be lost. Do not hesitate to contact our office should you wish to discuss this option further.
