Timing can be critical for effectively and efficiently making, preserving and recovering a claim for debt.  Our legal team at Pihl Law Corporation has extensive experience in assisting clients to resolve credit related issues.

Our lawyers have assisted clients consisting of both creditors and debtors, including chartered banks, financial institutions, private lenders, trustees in bankruptcy and receivers, as well as companies, businesses and individuals.

Typically, the two primary concerns of our clients in relation to creditor and debtor remedies are potential delay and cost-effectiveness.  As such, we strive to provide practical advice and solutions to our client, both before and after collection issues arise.  We can offer numerous services to clients at all stages of collection proceedings, including the following:

• conducting appropriate searches to assess the existence of assets or competing claims
• issuing required demands and notices
• endorsing claims and security interests through registration and litigation
• analyzing potential defenses to claims
• assisting with collection procedures

Our Services

• Foreclosures – our lawyers have extensive experience in providing clients with mortgage recovery services for both residential and commercial properties.  In addition to our knowledge of the actual legal processes involved in a foreclosure, our credit recovery department is also familiar with the other related aspects of enforcing mortgage security, including coordinating property managers, appraisers, and realtors, as well as negotiating and finalizing sales of mortgaged property.

• Security Enforcement and Recovery – we offer our clients assistance in enforcing security interests and recovering related indebtedness.  Our knowledgeable legal team has experience in all aspects of enforcing security interests under the Personal Property Security Act, and is able to help our clients assess and resolve complex priority issues that can arise between competing security interest.

• Claims on Unsecured Debts, including Promissory Notes and Guarantees – we recognize that practical cost-effective advice and services are particularly important for clients involved with collection matters.  Many clients rely on our legal professionals to assist in circumstances where there may not be a written security agreement in relation to the indebtedness.  Our experience allows us to guide clients through the various stages of the collection procedure from providing an initial opinion about commencing a claim, pursuing and obtaining a judgment and collecting on a judgment.  We are confident in our ability to provide our clients with practical and cost-effective services through negotiated settlements, as well as through all levels of court proceedings, including Small Claims Court, the Supreme Court of British Columbia or even Federal Court.

• Enforcement of Foreign and Local Judgments – after you obtain a judgment, you have to collect the funds owing pursuant to the judgment.  We recognize two essential considerations in relation to commencing collection proceedings are the prospect of successful recovery and the cost associated with collection procedures.  Our lawyers are experienced at enforcing both foreign and local judgments.  Services we offer our clients include coordinating the appropriate searches to assess the existence of assets and income, preserving debtor assets and income through court process, registering foreign and local judgments as required to facilitate enforcement procedures and assisting with negotiated resolutions, and the orderly payment of debts. We also have extensive knowledge of post-judgment remedies such as debtor examinations, post-judgment garnishment, writs of execution and orders for court ordered sales of property.

• Bankruptcy and Insolvency – our lawyers have represented creditors, debtors and insolvency professionals in relation to bankruptcies, restructuring and insolvencies.  Our services to clients in this area include dealing with necessary demands and statutory notices, assisting with restructuring security and organized payment of indebtedness, enforcing secured and unsecured claims, resolving priority issues between competing claims, assisting with receiverships and addressing applicable creditor assistance or debtor protection legislation such as the Bankruptcy and Insolvency Act, the Farm Debt Mediation Act and the Companies Creditor Assistance Act.