Bankruptcy

Economic Indicators

Understanding divorce and bankruptcy

As an advisor, it’s your job to prepare couples for their worst-case scenarios in the event they split.

By Ted Michalos |August 8, 2014

3 min read

Industry

Should clients file taxes if they’re bankrupt?

Roughly half of the people I see in our bankruptcy practice owe taxes.

June 2, 2014

3 min read

Industry

Knight Capital CEO quits

Knight Capital's former CEO Thomas Joyce quit just days after the firm was formally taken over by Getco.

July 5, 2013

1 min read

Industry

Canadians squeezed by rising debt, dependants

The average bankrupt Canadian is older and has growing debt.

By Staff |June 5, 2013

2 min read

Consumer debt up, defaults down

Total consumer debt in Canada has ticked higher year over year, but serious consumer delinquencies are at an all-time low, finds Equifax Canada’s March Consumer Credit Trends Report. There was moderate growth in total consumer indebtedness, excluding mortgage debt, year-to-date through March 2013 with an increase of 3.9% to $500.8 billion from $497 billion during […]

By Staff |April 24, 2013

2 min read

JPMorgan to transfer $500 million to MF Global customers

Former customers of bankrupt brokerage MF Global will breathe a sigh of relief today. The Financial Times reports the defunct firm and JPMorgan Chase, which was one of the brokerage’s trustee banks, have reached an agreement that will see the banking giant transfer $500 million to MF Global customers.

By Staff |March 20, 2013

1 min read

Peregrine founder behind bars

Russell Wasendorf Sr, chief executive of Peregrine Financial Group, was arrested by U.S. authorities today and faces criminal charges, reports Financial Times. The Peregrine founder allegedly created and used false statements to deceive federal regulators. His arrest comes days after he attempted suicide; regulators had discovered Peregrine had a shortfall of $215m in its customer […]

2 min read

Help clients through bankruptcy

Consumer or personal insolvency can befall anyone. As an advisor, you’re best suited to spot troubling patterns in your clients’ financial behaviour. That’s the first step to steering them away from the brink.

3 min read

Union of Canada Life to liquidate

The Ontario Superior Court of Justice has ordered the winding-up of Union of Canada Life, finding that the company had insufficient capital to ensure long-term viability. The court has named Grant Thornton Limited as liquidator.

By Staff |February 2, 2012

2 min read