Field Law has experience in all areas of collections, bankruptcy and insolvency law, creditor-debtor rights, and banking litigation.
Bankruptcy + Insolvency
Few areas of law cover a range of issues and services as wide as insolvency law. Insolvency law touches all business areas, and all manner of problems and solutions. We represent institutional lenders, receivers and bankruptcy trustees, secured and unsecured creditors, lessees of real and personal property, debtors, and individuals and businesses involved in all types of litigation related to bankruptcy, insolvency and commercial reorganizations.
Field Law lawyers have acted for debtors, creditors, Court appointed officials, assets purchasers, directors, guarantors, shareholders and other investors and employees affected by insolvency proceedings.
Our lawyers have acted to assist companies in financial distress in Court supervised restructurings under the Companies’ Creditors Arrangement Act, proposals under the Bankruptcy and Insolvency Act and informal work outs with creditors. We have also helped numerous other stakeholders deal with companies going through such processes.
We have assisted:
- Creditors in recovering their secured and unsecured claims through debt enforcement proceedings, receivership actions, bankruptcies and repayment negotiations
- Court appointed officials in carrying out their obligations in a manner which is fair and equitable for all stakeholders
- Potential buyers in navigating Court supervised sales processes and ensuring that their acquisitions are protected under Court Order, and
- Creditors and receivers investigate and remedy fraud matters.
Field Law has recognized practitioners who work in areas important to the insolvency world, such as business transactions, real estate, intellectual property, labour and employment, regulatory matters, tax and financial services.
Our Collections team is experienced and proficient in overseeing and conducting any matter, from the point at which a debt arises and activity and proceedings are commenced right, through to enforcement.
Our clients include banks, other financial institutions, insolvency practitioners, turnaround specialists from the major accountancy firms, suppliers, landlords, as well as creditors and directors of companies in financial difficulty. We also provide advice to directors, creditors, shareholders and professionals in proceedings based on alleged fraudulent transfers, preferences, lenders’ liability, professional malpractice and other matters.
We recognize that good lawyers are not just highly skilled in the courtroom, but are equally adept at keeping clients out of the courtroom. In keeping with this notion, our team works proactively to manage conflict, helping clients avoid disputes or resolve them before litigation is commenced.
Our clients benefit not only from our experience with the Canadian Bankruptcy and Insolvency Act, the Companies' Creditors Arrangement Act, and the Personal Property Security Act, but also from the knowledge of other lawyers at Field Law to develop an overall case strategy to maximize recovery and minimize cost.
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