ArtBuild template ArtBuild template · All of Canada
Creditor recovery action plan
Assign each step of your creditor response to a person and a date.
- Version
- 2026.1
- Last updated
- October 24, 2026
Prepared by ArtBuild to help you organise your paperwork. It is general information, not legal advice, and it has not been reviewed by a lawyer. Check the rules for your province or territory before you act.
Part of the General Contractor Bankruptcy Recovery Kit: start with its guide, and download the whole kit there.
Download editable Word (.docx)
Coordinate the creditor response
Use this plan after identifying the correct debtor and proceeding. Assign actions to accounting, project staff and the professional adviser. A task target is not a statutory deadline and does not predict recovery.
- Creditor and debtor
- Estate / court file
- Plan owner and review date
- Snapshot ledger balance
- Verified professional contact
| Action | Owner | Target / confirmed date | Evidence |
|---|---|---|---|
| Confirm debtor and proceeding | [enter] | [enter] | [official record] |
| Reconcile pre/post proceeding account | [enter] | [enter] | [ledger version] |
| Collect official form and instructions | [enter] | [enter] | [source / Licensed Insolvency Trustee] |
| Review local rights and court orders | [adviser] | [confirmed date] | [review record] |
| Prepare checked submission | [enter] | [confirmed date] | [form and attachments] |
Flag uncertainty in the earliest relevant legal date before routine administrative work. Do not wait for a distribution estimate before seeking advice about separate construction rights.
Monitor the proceeding and close actions
| Event | Required follow-up |
|---|---|
| Licensed Insolvency Trustee requests more documents | Log the request, confirm the response date and assign a preparer. |
| Claim amount or status questioned | Retain the complete notice and seek prompt advice; do not invent an appeal period. |
| Distribution or other receipt arrives | Verify bank receipt, allocate it and update overlapping recovery records. |
| New court order or proceeding change | Preserve it and obtain advice about its effect. |
| No response | Confirm delivery and follow up through verified contacts. |
| Date | Action / contact | Outcome | Next owner / date |
|---|
- Unresolved issues and adviser
- Receipts recorded and balance updated
- Outstanding official notices
- Closure decision and retained record location
Do not promise a dividend, priority or full recovery. Keep submitted versions and acknowledgements.
Before you act: this document is general information prepared by ArtBuild to help you organise facts and paperwork. It is not legal advice and has not been reviewed by a lawyer for your situation. Rules differ by province and territory and change over time. Check the official source for your project, and for deadlines, liens, court or insolvency steps, speak with a lawyer licensed where the project is located.