Bankruptcy is a word that nobody likes, yet few practitioners have been able to avoid experiencing some aspect of it through their clients. And it is a word being used much more regularly in these post-pandemic times. While practitioners should not expect to navigate a client through a bankruptcy, it is important for them to have a basic understanding of the rules and consequences in order for them to support and assist clients in going through these difficult times. Practitioners should also be aware of the alternative options available to individuals and businesses in financial trouble which don’t involve a bankruptcy.
Join Tom McElroy of Albert Gelman Inc. for an introductory overview and analysis of the important aspects of financial restructurings and bankruptcy that professionals should be aware of, in order to better serve their clients. Note that this webinar will not explore the tax implications and results of bankruptcy and insolvency, beyond merely highlighting where there are situations where tax expertise should be obtained. It will provide participants with a basic understanding of the general legal implications of bankruptcy and insolvency, and what alternatives and obligations might exist from a business/personal perspective.
More specifically, topics discussed will include:
This webinar will be of most interest to tax practitioners, accountants in small to medium sized firms, financial planners/advisors and lawyers (general, corporate, tax, estate, commercial, or real estate).
Wolters Kluwer Canadian professional development programs are designed to meet the continuing education requirements of a variety of professional associations. These requirements do vary by association and region. Please consult your provincial association to ensure this webinar meets the continuing professional development standards for your specific situation.
Registrations for each Live Webinar are available until the start of each program. We reserve the right to substitute speakers in the case of instructor illness. In the event that we must cancel a Live Webinar, all registrants will be notified immediately and given the opportunity to either transfer their registration to another Live Webinar or a Recorded Webinar or obtain a refund. For all Live Webinars that are recorded, participants will have access to the recording for three months following the Live Webinar. Partial credit will not be awarded for attendees that are not present for the entirety of the Live Webinar. Credit will not be awarded if an attendee does not answer all of the polling questions (where applicable). Additional credit will not be awarded due to the instructor presenting over the allotted time.
This webinar is being presented by Tom McElroy, CPA, CA, CBV, CIRP, Licensed Insolvency Trustee, of Albert Gelman Inc.:
Tom’s practice focuses on providing businesses and individuals with solutions to help them restructure their financial affairs when they are having trouble meeting their financial obligations. Tom has more than 12 years of experience assisting owner-managed businesses of all sizes across a broad spectrum of the Canadian economy.