Bankruptcy Doesn’t Shelter the Dishonest

Anna Wong & Sam Marr

The recent recession has spawned an unprecedented spike in personal bankruptcy filings. According to figures from the Office of the Superintendent of Bankruptcy Canada, personal bankruptcies hit a record high of 116,381 in 2009, falling slightly in 2010.

A question for those in the construction industry is this: Does liability for breach of trust under s. 13(1) of Ontario’s Construction Lien Act (CLA) survive a discharge from bankruptcy?

PDF Icon The Lawyers Weekly, November 25, 2011
Bankruptcy Doesn’t Shelter the Dishonest