Episode 64 - How Executors Can Avoid Insolvent Estate Pitfalls with John Sandrelli
In this episode of Your Estate Matters, Nicole speaks with John Sandrelli, a seasoned restructuring and insolvency expert, about the complexities of insolvent estates in Canada. With consumer debt reaching a record $2.6 trillion, John explains why this issue is becoming increasingly relevant. He outlines the warning signs executors should watch for, the serious personal liability risks they face, and the critical choice between administering an estate under BC's WESA or the federal Bankruptcy and Insolvency Act. John also covers exempt assets, creditor priorities, family law intersections, and emphasizes that seeking professional advice early is essential for any executor navigating an insolvent estate.
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Website - https://www.dentons.com/en/john-sandrelli
LinkedIn - https://ca.linkedin.com/in/johnsandrelli
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Website - https://heritagetrustcompany.ca/
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