The Personal Liabilities of Insolvency Practitioners under Insolvency Legislation: A Comparative Analysis of the Canadian, English and American Positions — Table of Contents

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Printable Version: The personal liabilities of insolvency practitioners under insolvency legislation: a comparative analysis of the Canadian, English and American positions (2006) (PDF Format 728 KB)

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By
Jacob Ziegel
Professor of Law Emeritus
University of Toronto

Important. This is work in progress. Comments will be very welcome and should be sent to: j.ziegel@utoronto.ca. I am deeply indebted to Ryan Ashmead, JD 2005 (Univ of Toronto), for excellent research assistance during the late spring and summer of 2005, and to Carlin McGoogan, JD 2005 (Univ of Toronto) for indispensable help in formatting the paper at short notice and often at great personal inconvenience, and to the Office of the Superintendent of Bankruptcy, Ottawa, for financial assistance to defray the costs of the research. Because of time constraints, this version of the paper incorporates only a small part of the massive volume of material collected for my use by Mr. Ashmead.

Contents

• I  Introduction: Nature of Problem
• II  IPS' Personal Liabilities under Canadian Law
  • A. Structure of Canadian Insolvency Legislation and Roles of IPS in the Administration of Estates
    • 1. Structure
      • (a) Post-1919 Canadian Developments
  • B.  Role, Powers, Duties, and Liabilities of IPs under the BIA
    • 1. Trustee in Bankruptcy
      • (a) Trustee's Personal Liability for Contractual Debts of the Estate
      • (b) Trustee's Liability for Occupation Rent
      • (c) The Impact of Section 31(4) of the BIA on the Trustee's Contractual Liability
      • (d) Other Protective Devices available to Trustee
      • (e) Trustees' Public Law Liabilities
    • 2. Status and Personal Liabilities of Interim Receivers
      • (a) Personal Liabilities of Interim Receivers and Protective Devices
    • 3. IPs Public Law Environmental and Employer Liabilities
      • (a) Environmental Liabilities
      • (b) Interface or Employment Law and Insolvency Law
      • (c) Impact of Bill C-55 on TCT Logistics
  • C.  Status and Personal Liabilities of Monitors under the CCAA
    • (a) Characterization Of Monitor's Status And Exposure To Personal Liabilities
  • D.  Winding Up and Restructuring Act: Status and Personal Liabilities of Liquidators

• III  IPS' Personal Liabilities under English Law
  • A. Introduction
  • B.  Status, Duties and Personal Liabilities of English IPS in Insolvency Proceedings
    • 1. Bankruptcies
      • (a) Proceedings against trustee
    • 2. Liquidator's Status and Liabilities
    • 3. Administrative Receivers
    • 4. Company Administrators
    • 5. Public Law Issues and IP Liabilities
• IV  IPS' Status and Personal Liabilities under American Law
  • A. Preliminary Observations
  • B. Trustee Not Successor in Title
  • C. Trustee Remains Liable for Personal Wrongs
  • D. Public Law Issues: Environmental and Successor Employer Problems
    • 1. Environmental Problems
    • 2. Successor Employer Proble
• V  How Do Canadian IPS View Their Personal Liabilities in Practice?
• VI  Conclusions
• Appendix – Questionnaire and Replies to Questionnaire

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