Houlden Fellowship

Lloyd Houlden Research Fellowship

The Canadian Insolvency Foundation (CIF) awards the annual Lloyd Houlden Research Fellowship, with a value of $20,000, to support research for a paper that addresses current issues in Canadian insolvency policy and practice. Papers should be 7,000 to 10,000 words in length and should be written for an audience consisting of those involved in insolvency practice, insolvency law or in the development and analysis of insolvency policy.

 

2012 Research Paper

The Lloyd Houlden Research Fellowship has been awarded for 2012 to Professor Gordon Hunter of the University of Lethbridge and to Professor Nick Milanovic of Carleton University.

Dr. M. Gordon Hunter is Professor of Information Systems in the Faculty of Management at The University of Lethbridge, Alberta, Canada.  His research paper will identify issues surrounding the insolvency process related to small businesses. Each year 139,000 new businesses are formed in Canada, with about 30% failing within one year, and with only 25% still in operation after 9 years. The paper will be available on this site in November 2012.

Nick E. Milanovic holds a Master of Laws degree from the University of Toronto.  He was called to the Bar in the Province of Ontario in 1996. Prior to joining the Faculty at Carleton University, Nick practiced labour law in Canada for approximately a decade.  Professor Milanovic’s paper will look at the impact of Parliament’s having added section 65.12 of the BIA and section 33 of the CCAA in 2008, which specified that the full force of the collective agreement remained in effect during an insolvency proceeding. The paper will be available on this site in November 2012.

 

 2010 Research Paper

Helen Sevenoaks, a graduate student in the Faculty of Law at the University of British Columbia, the recipient of the Fellowship in 2010, has written a study entitled The Remedy of Substantive Consolidation under the Companies’ Creditors Arrangement Act: A Closer Examination of Domestic and Cross-border Issues.  Click here, please  

 

 2008 Research Paper

Prof. Janis Sarra, Assistant Dean of the Faculty of Law at the University of British Columbia, the recipient of the Fellowship in 2008, has written a study entitled Failure to Capture the Brass Ring: An Empirical Study of Business Bankruptcies and Proposals under the Canadian Bankruptcy and Insolvency Act.  Click here, please

 

2007 Research Paper

Two legal scholars, Prof. Jacob Ziegel, Ph.D., LL.D., and Prof. Jassmine Girgis, LL.M., were the co-recipients of the 2nd Annual Lloyd Houlden Research Fellowship, sharing equally the $20,000 award in support of research on current issues in Canadian insolvency policy and practice.

 Prof. Ziegel's Research Paper, (entitled Consumer Insolvencies, Consumer Credit and Responsible Lending, appears below.

 Consumer Insolvencies, Consumer Credit and Responsible Lending

 Prof. Girgis's Research Paper, (entitled Deepening Insolvency in Canada?) was published in the McGill Law Journal and appears below.

Deepening Insolvency in Canada?

 

 2006 Research Papers

Two legal scholars, Kelly Bourassa, LL.B. and Shauna Towriss, LL.B., were the co-recipients of the first Annual Lloyd Houlden Research Fellowship, sharing equally the $20,000 award in support of research on current issues in Canadian insolvency policy and practice..

Ms. Bourassa examined the definition and treatment of eligible financial contracts under the Companies' Creditors Arrangement Act (CCAA). Ms. Towriss examined the position of shareholders and shareholder equity in a CCAA restructuring, using the Stelco court ruling as a case study. Their Working Papers can be downloaded below.

Shauna Towriss

Gambling From the Bottom Rung of the Priority Ladder:CCAA Restructuring, Shareholder Equity and the Stelco Case

Kelly Bourassa

Eligible Financial Contracts in Canadian Insolvency Regimes

 

 2005 Research Paper

Prof. Thomas Telfer of the University of Western Ontario's Faculty of Law was the recipient of a $5,000 fellowship from the CIF to prepare a Research Paper entitled:

The Evolution of Bankruptcy Exemption Law in Canada 1867-1919: The Triumph of the Provincial Model