Ordinary Administration

Ordinary administration bankruptcies are more complicated than summary administrations.  Individuals having free and clear assets of a value in excess of $15,000.00 must file an ordinary administration.  For an individual the protective legislation’s as described for a Summary Administration apply in ordinary administrations as well.  Corporations are only able to file Ordinary administrations.  The differences between these two types of bankruptcy, Ordinary and Summary, tend to be procedural.

The procedural differences are significant but are differences that must be managed by the licensed Insolvency Trustee.  The Trustee must arrange to publish the bankruptcy in a local newspaper.  A creditors meeting is mandatory and the debtor is required to be present at this meeting.  The Trustee’s financial accounting must be reviewed and approved by the Court and the Trustee is usually required to physically attend this hearing.  The Trustee’s discharge is not automatic but, again, must be granted by the Court.  There are a number of other procedural differences but, again, these are matters that directly involve the Trustee as opposed to the debtor.

In the event you feel you may benefit from a bankruptcy administration but find that your circumstances place you in an ordinary administration, we strongly urge you to contact our office.  The Trustee will meet with you personally and address your concerns.

Licensed Insolvency Trustee Serving Ottawa, Brockville, Kingston, & Belleville.

J. Webb & Associates is a full service insolvency and restructuring firm operating in Eastern Ontario.  We assist individuals, sole proprietorship’s, partnerships, and corporations in restructuring their financial affairs and obtaining a fresh start.  We can help you regain control of your budget, address your debts, and provide breathing space so you can get back in control of your financial life.  Our initial consultation is free of charge and focuses on explaining as many options as possible so that you can make an informed decision.  Personal or Business, we can help!  We are The financial problem-solvers  READ MORE…

J. WEBB & ASSOCIATES

1140 Morrison Drive, Suite 210
Ottawa, ON K2H 8S9

Phone: 613.820.2100
Toll Free Phone: 1-866.539.3328
Fax: 613.820.8384

What Others Are Saying…

I want to thank you for all you did for me. You are one of the best professionals I ever met. You will be highly recommended to all people in need.

Helen – Ottawa, Ontario

” Thank you Jeff and Your Team for all your hard work in making our experience much less painful then we can ever expect! With your guidance and help, we are now able to get back on our feet and get our financial life back on track. Your professionalism and guidance really helped us through this difficult time in our life and you made the complete experience much easier than we could have expected. Special thanks to Lori and Kaiti for all their help and great service. ”

Steve And – Emer Cornwall, Ontario

Thank you again for helping me. I am happy you were there at the time.

Joanne – Ottawa, Ontario

Thanking you for all the support and hard work, much appreciated!

Lisa Ottawa, Ontario

Thank you so much for what you have done for me. You have made my experience with this a much better one. I will never forget this. Thank you again.

Anne – Belleville, Ontario

Something interesting is happening, every month lately we have a bit more money left over! Amazing! You engineered this, thank you!!

Michael & Elizabeth – Carleton Place, Ontario

I want to thank you so much for helping me through a terrible time, bankruptcy, you made it bearable. No matter what the question you were always there with a friendly answer. Before starting the bankruptcy I was scared, but you put me at ease and helped each step of the way. Lord knows I wouldn’t want to go through this again but if I had to I know you would help. You know what people are going through and care about them. This is rare and what makes you stand out. Thank you, seems all I can say. Just know it is from my heart.

Christine – Picton, Ontario

Thank you for taking time out of your schedule to review my situation. Your advice was amazing. Thanks also to Kaiti and Lori as well. You’re all super!!

Robert – Brockville, Ontario

My husband and I would just like to say thank you for helping us out of the financial mess we got ourselves into. We really do appreciate everything that you and your staff have done for us!

Brenda – Kingston, Ontario

“Jeff and Kaiti, Thank you so much for all you have done for us in making a difficult circumstance transition smoothly. Your professionalism and help put our minds more at ease during this time. You are special people!” –

John & Barbara – Trenton, Ontario

“Thank you so much for all you have done to make a very stressful event so simple. I certainly appreciate it. I cannot thank you enough.” –

Karen – Ottawa, Ontario

A most sincere thank you to you and Jeff for helping me through a rough time. Your support and kindness helped me tremendously.

Patty – Trenton, Ontario