Insolvency in the face of COVID-19: What Accounting and Finance Professionals Need to Know to Assist their Clients and Employers in Financial Trouble

This webinar will focus on how Canadian insolvency legislation can be used effectively by individuals and businesses to mitigate financial loss and preserve value during these difficult and uncertain times including: 

  • how to immediately stop creditors from any enforcement activities, including litigation;
  • how to immediately stop any/all CRA collection activities;
  • terminating contracts (including, for example, a commercial lease agreement) while mitigating the risk of financial repercussions to the business;
  • making “deals” with creditors collectively through a formal Proposal negotiation process; and,
  • when bankruptcy makes sense. 

We will also discuss the steps individuals can take to preserve assets in the face of uncertainty.

28 Apr 2020, 11:00 AM

1.5 CPD hours


Register Now

Course Description

We look forward to seeing you at our upcoming events.  Should you have any ideas for topics, speakers, sponsorship or anything else, feel free to contact Melanie Russell, CPA, CA, CBV, CIM, CFE, CFF, ABV at 416-488-9590 x 225.

Course Walkthrough

  • Presentation
  • Recording
  • Certificate: Insolvency Issues and COVID-19
  • Feedback / comments

About the Instructor(s)

Picture of Tom McElroy
Tom McElroy

Tom works with small and medium sized businesses their owners and professional advisors during financially difficult times to develop strategies to preserve value and mitigate financial loss.

Tom is a Chartered Professional Accountant (CPA), Chartered Accountant (CA), Chartered Business Valuator (CBV), Chartered Insolvency and Restructuring Professional (CIRP) and federally Licensed Insolvency Trustee (LIT).

Tom speaks regularly to all types of professionals on insolvency and restructuring related matters.  Tom has presented on behalf of CCH Wolters Kluwer, CPA Canada, the Canadian Institute of Chartered Business Valuators (CICBV) as well as several local CPA chapters.  Tom has provided authoritative commentary on insolvency related matters in Discussion and Analysis as published by CPA Canada.

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