Bennett's A to Z Guide to Small Business Bankruptcy and Insolvency, 2nd Edition

Bennett’s A to Z Guide to Small Business Bankruptcy and Insolvency, 2nd Edition is a practical guide for lawyers, accountants, trustees, and lenders regarding the complete bankruptcy process. Written by bankruptcy and insolvency expert Frank Bennett, the second edition includes up-to-date key legislative changes since the first edition published over 20 years ago.

In one handy and indispensable bankruptcy primer, readers of this new edition will find straightforward information on:

• The major steps in the bankruptcy and proposal routes, including flowcharts, and providing an overview of the different stages
• The duties of a bankrupt and the roles of the trustee, registrar and creditors
• The distribution of a bankrupt’s property and exempt property
• The property that a bankrupt is allowed to keep
• The debts that survive bankruptcy
• The disadvantages of bankruptcy and how to help your client avoid it
• Common questions clients ask, such as:
  • Who Prepares the Debtor’s Income Tax Returns?
  • Is Notice of the Debtor’s Bankruptcy in the Newspaper?
  • Can Creditors Continue to Call on the Debtor for Payment After Bankruptcy?
  • Will the Debtor’s Employer Find Out About the Bankruptcy?
  • Is the Debtor’s Credit Rating Affected?
  • What Happens to the Debtor’s Bank Accounts?
  • Where Can the Debtor Acquire Better Budgeting Skills?
  • Can the Debtor Get a Loan After Bankruptcy?
  • Are the Assets of the Debtor’s Spouse Affected?
  • Where Does the Debtor Find a Bankruptcy Lawyer? A Trustee?
  • Does the Debtor Have any Director’s Liabilities?
  • Can the Debtor Keep the Car After Bankruptcy?

Features of This Book
Bennett’s A to Z Guide to Small Business Bankruptcy and Insolvency, 2nd Edition features a complete set of precedents plus a helpful glossary of terms, covering everything from “Application for a Bankruptcy Order” to “Writ of Seizure and Sale”. It also includes more than 30 forms designed to guide practitioners through the bankruptcy process, such as:

• Statement of Affairs – Business and Non-Business
• Resolution of Directors
• Bankruptcy Order
• Third Party Guarantee
• Notice to Creditors of First Meeting
• Proof of Claim
• Notice of Impending Automatic Discharge of First-Time Bankrupt
• Affidavit of Earnings
• Notice to Creditors of Consumer Proposal
• Plus many more

Who Should Read This Book
Written from a practitioner's point of view, this new edition is perfect for:

• Bankruptcy and Insolvency Lawyers
• Corporate and Commercial Lawyers
• Lenders including banks, trust companies, syndicated lending associations
• Trustees, Receivers, Monitors, Accountants, Debtors, Directors and Officers
• Credit Counsellors
• Corporate Secretaries, and In-House Corporate Counsel
• Government agencies
• Small business owners
• Professionals and self-employed