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	<title>GrossmanCGA - How can I help?Bankruptcy and insolvency rules | GrossmanCGA &#8211; How can I help?</title>
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	<description>Independent advice in your best interest</description>
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		<title>Asset Acquisitions In Ontario: Buying Liability In Bulk</title>
		<link>http://grossmancga.com/site/2011/12/16/asset-acquisitions-ontario-buying-liability-bulk/</link>
		<comments>http://grossmancga.com/site/2011/12/16/asset-acquisitions-ontario-buying-liability-bulk/#comments</comments>
		<pubDate>Fri, 16 Dec 2011 06:37:06 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Advisors' guides]]></category>
		<category><![CDATA[Bankruptcy and insolvency rules]]></category>
		<category><![CDATA[Canadian Commercial Lenders]]></category>
		<category><![CDATA[Canadian Securities]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[bulk]]></category>
		<category><![CDATA[Ontario]]></category>
		<category><![CDATA[purchaser]]></category>
		<category><![CDATA[sale]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=1976</guid>
		<description><![CDATA[by Peter Moffatt of Gardiner Roberts LLP Ontario&#8217;s Bulk Sales Act poses a challenge to investors who want to acquire an Ontario business. An investor who is considering the acquisition of a business based in Ontario, Canada, and the attorneys who are advising such an investor, need to be aware of the application of Ontario&#8217;s Bulk Sales...]]></description>
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		<title>Retractable Shares: The Unexpected Creditor</title>
		<link>http://grossmancga.com/site/2011/09/29/retractable-shares-unexpected-creditor/</link>
		<comments>http://grossmancga.com/site/2011/09/29/retractable-shares-unexpected-creditor/#comments</comments>
		<pubDate>Thu, 29 Sep 2011 23:49:59 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Bankruptcy and insolvency rules]]></category>
		<category><![CDATA[Canadian Commercial Lenders]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[court]]></category>
		<category><![CDATA[creditor]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[priority]]></category>
		<category><![CDATA[retractable]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=1932</guid>
		<description><![CDATA[By Richard Dusome of Gowling Lafleur Henderson LLP When structuring a new financing for a corporate borrower, lenders typically obtain postponements from all other creditors and shareholders advancing loans to the proposed borrower.  Postponements establish the lender’s priority to receive payment from the borrower vis-à-vis these other known creditors. However, some shareholders who have not...]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Guarantor Waivers of PPSA Rights in British Columbia</title>
		<link>http://grossmancga.com/site/2011/09/29/guarantor-waivers-of-ppsa-rights-british-columbia/</link>
		<comments>http://grossmancga.com/site/2011/09/29/guarantor-waivers-of-ppsa-rights-british-columbia/#comments</comments>
		<pubDate>Thu, 29 Sep 2011 23:37:28 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Bankruptcy and insolvency rules]]></category>
		<category><![CDATA[Canadian Commercial Lenders]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[bc]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[court]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[demand]]></category>
		<category><![CDATA[guarantee]]></category>
		<category><![CDATA[guarantor]]></category>
		<category><![CDATA[PPSA]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=1929</guid>
		<description><![CDATA[By Mike Todd of Gowling Lafleur Henderson LLP Lenders should be aware that one of the waivers found in most standard form guarantees of certain statutory rights is not effective under the British Columbia Personal Property Security Act (“BCPPSA”). This was the result in the recent BC Supreme Court decision HSBC Bank Canada v. Kupritz. The facts...]]></description>
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		<title>We&#8217;ve got the 2011 Superintendent&#8217;s Standards for Surplus Income in Bankruptcy</title>
		<link>http://grossmancga.com/site/2011/03/11/weve-got-the-2011-superintendants-standards-for-surplus-income-in-bankruptcy/</link>
		<comments>http://grossmancga.com/site/2011/03/11/weve-got-the-2011-superintendants-standards-for-surplus-income-in-bankruptcy/#comments</comments>
		<pubDate>Fri, 11 Mar 2011 19:16:21 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Bankruptcy and insolvency rules]]></category>
		<category><![CDATA[standards]]></category>
		<category><![CDATA[superintendant]]></category>
		<category><![CDATA[surplus income]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=1557</guid>
		<description><![CDATA[We have updated our section on surplus income in bankruptcy with the new, 2011 Superintendent&#8217;s Standards here: http://grossmancga.com/site/canadian-bankruptcy-rules/surplus-income-in-canadian-bankruptcy/sample-calculation-of-surplus-income/]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Lessons for accountants from dentists</title>
		<link>http://grossmancga.com/site/2010/05/10/lessons-for-accountants-from-dentists/</link>
		<comments>http://grossmancga.com/site/2010/05/10/lessons-for-accountants-from-dentists/#comments</comments>
		<pubDate>Mon, 10 May 2010 19:35:59 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Bankruptcy and insolvency rules]]></category>
		<category><![CDATA[pitch]]></category>
		<category><![CDATA[prospect]]></category>
		<category><![CDATA[rates]]></category>
		<category><![CDATA[sales]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=1022</guid>
		<description><![CDATA[By Mark Lee, as originally posted on his blog, www.bookmarklee.co.uk [Thanks to Grant Rowson, CISA, CGA, of BDO Canada Technology Solutions, Inc., for bringing this article to my attention.] A number of people have mentioned in conversation recently how much it costs to go to the dentist.  In each case their dentists are getting close to...]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>The 2010 Superintendent&#8217;s Standards for Surplus Income are here!</title>
		<link>http://grossmancga.com/site/2010/03/11/the-2010-superintendents-standards-for-surplus-income-are-here/</link>
		<comments>http://grossmancga.com/site/2010/03/11/the-2010-superintendents-standards-for-surplus-income-are-here/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 20:54:55 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Advisors' guides]]></category>
		<category><![CDATA[Bankruptcy and insolvency rules]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[discharge]]></category>
		<category><![CDATA[surplus income]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=874</guid>
		<description><![CDATA[I have now posted the newly released Superintendent&#8217;s Standards for surplus income for 2010. I have also updated the Sample Surplus Income Calculation. The Superintendent’s standards  are derived from the Low Income Cutoffs (LICO) released by Statistics Canada. The Superintendent of Bankruptcy uses the before-tax LICO for urban areas with 500 000 people or more.The 2010...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Sample Calculation of Surplus Income</title>
		<link>http://grossmancga.com/site/2010/02/11/752/</link>
		<comments>http://grossmancga.com/site/2010/02/11/752/#comments</comments>
		<pubDate>Thu, 11 Feb 2010 18:33:38 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Bankruptcy and insolvency rules]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[surplus income]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=752</guid>
		<description><![CDATA[The most frequent question asked on this site is, “How much is my surplus income requirement?” (Surplus income is the amount of monthly income that a bankrupt must share with his creditors during the period of bankruptcy.) I have now provided a sample calculation of surplus income, with a downloadable spreadsheet that can be modified for specific...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Big Brother Is Watching Directors</title>
		<link>http://grossmancga.com/site/2009/09/22/big-brother-is-watching-directors/</link>
		<comments>http://grossmancga.com/site/2009/09/22/big-brother-is-watching-directors/#comments</comments>
		<pubDate>Tue, 22 Sep 2009 13:42:47 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Bankruptcy and insolvency rules]]></category>
		<category><![CDATA[Aujla]]></category>
		<category><![CDATA[corporation]]></category>
		<category><![CDATA[CRA]]></category>
		<category><![CDATA[director]]></category>
		<category><![CDATA[dissolve]]></category>
		<category><![CDATA[liability]]></category>
		<category><![CDATA[payroll]]></category>
		<category><![CDATA[remittance]]></category>
		<category><![CDATA[revenue]]></category>
		<category><![CDATA[tax]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=120</guid>
		<description><![CDATA[Directors must always ensure that the proper source deductions from payroll are withheld and then remitted. Under the Income Tax Act 227.1(1) directors who were in office at the time that the corporation failed to deduct, withhold or remit or pay the amount due are personally liable, together with the corporation, for the amount and...]]></description>
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