Blog
Welcome to the Gehlen Dabbs blog. Here you will find commentary on our practice areas, the law in general and matters that may be of interest to our clients.
Director liability and “due diligence” defence
Categories: Bankruptcy and Insolvency
Date posted: February 27, 2012 :: Author: Gregory Gehlen
A properly incorporated company is a separate “person” in the eyes of the law, and a corporation’s directors and officers are generally-speaking not liable for the corporation’s debts. As an exception to this general rule, a number of provincial and …
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Trustee’s report permitted in lieu of affidavit
Categories: CIRP Corner
Date posted: February 22, 2012 :: Author: Gregory Gehlen
As a general rule, all evidence in court proceedings must be presented either by witness testimony or by sworn affidavit. In a recent Ontario court decision, an exception was made for a trustee’s unsworn report (Farber v. Goldfinger, …
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RRSPs exempt
Categories: Creditor-Proofing - Myths and Reality
Date posted: February 17, 2012 :: Author: Gregory Gehlen
One of the few “creditor-proofing” steps that actually works involves that old-fashioned investment your parents and accountant have been recommending for decades: RRSPs. Under changes to the law which came into force in July, 2008, money invested in RRSPs is …
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