Top Ten Issues Facing Insolvency Practitioners Across the Country
Heather M.B. Ferris
There are many enumerated acts of bankruptcy in the Bankruptcy and Insolvency Act, but most creditors will rely on the ground that the debtor has ceased to meet his liabilities generally as they become due. It is also important to note that a debtor be unable to pay liabilities as they become due – as opposed to being able but unwilling.