What is a Deemed Trust?

  By simple definition a "trust" constitutes property help by a third party (the trustee) for the benefit on another (the beneficiary). A deemed trust is a trust that comes into being by virtue of statute, whether you like it or not.  When an employer deducts income tax, Read More...

What Are the Different Types of Bankruptcy Administrations?

What Are the Different Types of Bankruptcy Administrations? For those us who watch American television programs, we are likely more familiar with the terms Chapter 7 and Chapter 13, with regard to bankruptcy, than we are with the Canadian terminology.  Here in Canada there are two types Read More...

Will Bankruptcy Take Care of Judgments?

Will Bankruptcy Take Care of Judgments? There are two types of judgments. The first, is one that a creditor can obtain against you through the courts to enforce an outstanding debt.  The judgment is typically registered against any property that you own and you cannot Read More...