Bankruptcy | News & Events | Scarfone Hawkins LLP

Silver Lining for Creditor Spouses in Bankruptcy?

Posted by | Bankruptcy, Uncategorized | No Comments

 By: Colleen Yamashita and Frank Pignoli

In our practice, we act as insolvency counsel for financial lending institutions, secured creditors, receivers and bankruptcy trustees as well as corporate and personal debtors. When dealing with personal bankruptcies/proposals, family law issues often rise to the surface, which are not easily or sufficiently resolved within the parameters of federal bankruptcy legislation. In our view, conflicts often arise between family law lawyers and lawyers acting for the trustees in bankruptcy/proposals in large part due to the fact that the Bankruptcy Insolvency Act and the provincial family law legislation such as the Ontario Family Law Act often seem to work at cross-purposes. Read More

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