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    Disposing assets on the eve of insolvency - Court revisits the test for fraudulent conveyance
    2022-07-20

    When a debtor is facing insolvency, it is typically not permitted to liquidate or transfer assets.

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Pallett Valo LLP, Ontario Superior Court of Justice
    Location:
    Canada
    Firm:
    Pallett Valo LLP
    The interplay between benefits under a trust and bankruptcy: A beneficiary cannot shield its obligations to creditors by hiding behind the terms of a trust
    2022-06-27

    In a recent decision, the Ontario Court of Appeal held that the sale proceeds of a property held in trust can be applied to a beneficiary’s bankruptcy obligations.

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Pallett Valo LLP
    Location:
    Canada
    Firm:
    Pallett Valo LLP
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