Martin C. Sennott*
Assistant: Sherri Evans
Areas of Expertise
- Creditor’s Remedies
- Commercial Litigation
- Commercial Lending
- Corporate/Commercial Transactions
* Law Corporation
Martin is a Shareholder and has been practising in the areas of realization, foreclosure and insolvency for over 18 years.
Martin practises primarily in corporate recovery and insolvency, including secured and unsecured realizations, receiverships, foreclosures, CCAA matters and bankruptcy. His clients, whom he advises on all areas of realization and insolvency, include various banks, credit unions, mortgage investment companies, trustees in bankruptcy and private lenders. Martin also has significant experience in fraud-related matters, including realization on assets obtained through, or with financing acquired by fraudulent means.
Martin also represents several financial institutions on banking and lending matters, primarily on commercial loans. He acts on all types of lending transactions, with a specific focus on unusual or difficult transactions including D.I.P. (Debtor in Possession) loans, acquisitions requiring court orders (bankruptcy, foreclosure etc.), and financing of property under distress.
- Simon Fraser University, Bachelor of Business Administration, Accounting concentration (1992)
- Simon Fraser University, Bachelor of Economics (1992)
- University of British Columbia, LL.B. (1995)
- Year of Call: 1996 (B.C.)
- Author, Chapter 13 – BC Creditor’s Remedies
- Author, CLE BC paper entitled “Priorities: Before and After Bankruptcy”
- Author, New Chapter – BC Creditor’s Remedies – Commercial Foreclosures
- Member, Mortgage and Investment Associations of B.C. (MIABC)
- Participant, Turnaround Management Association activities (TMA)
- Participant, Vancouver Insolvency Discussion Group
- Organizer, Young Insolvency Professionals (YIP)
- Martin enjoys coaching minor hockey
Speaker, Western Forum of Credit and Financial Executives – topic “Guarantees, Indemnities and Covenants”
Speaker, CLE Bankruptcy & Insolvency 2009, “Recent Changes to the Bankruptcy and Insolvency Act”
Mr. Sennott has a number of ongoing files with his clientele, however the following are samples of files Mr. Sennott has acted upon:
Counsel to Credit Union on Commercial Foreclosure on operating hotel
Counsel to Credit Union on Commercial Foreclosure on restaurant and bar operations
Counsel for Debtor in CCAA action
Counsel to a Debtor in Posession Lender in CCAA action, involving significant priority dispute
Advising large financial institution on Fraud Detection and Recovery
Counsel to a major bank on receivership and foreclosure of an operating wood remanufacturing company (with labour dispute component)
Counsel to major credit union on foreclosure and receivership of strata titled apartment building in Vancouver (leaky condo)
Counsel to major bank in receivership, bankruptcy, foreclosure, and secured and unsecured realization relating to large forestry conglomerate
Counsel to Trustee in Bankruptcy on major fraud related personal bankruptcy
Counsel to Private lender on receivership of real estate holding company, including realization on a partially constructed residential development and a strata titled commercial building in downtown New Westminster
Counsel to Trustee in Bankruptcy regarding priority disputes between creditors in commercial bankruptcy
Counsel to a secured creditor in the bankruptcy of Dewdney Cheam Capital Corporation, a mortgage lender with a significant portfolio, including investigating and realizing on the Bankrupts mortgages
Counsel to Trustee in Bankruptcy of a mortgage investment company with a significant portfolio of secured and unsecured accounts, including investigating and realizing on such accounts
Counsel to Major Indian Band regarding negotiation and finalization of Forest and Range Agreement. Counsel to Major Indian Band regarding negotiation and finalization of emergency services agreement with adjacent City
Counsel to Small Indian Band in establishing economic development initiative, including construction of and commencement of retail services on reserve
Counsel to an unsecured judgment holder in the realization of full payment through sale of large heavy industrial property in New Westminster
Counsel to Major Bank in realization on large sea-going vessel, including receivership and sale
Counsel to Major Bank in realization on commercial helicopters, including location, seizure, and sale
"During my 20-year relationship with Martin Sennott I continue to be very pleased with his availability and responsiveness to all issues concerning our corporate matters; be it re-structuring, forming new companies, transitioning between financial institutions or receiving advice on wills and estate planning tied into my family trusts. Martin and his team of assistants have always responded quickly to my e-mails and phone calls. We have been treated very well as a client and we look forward to doing business with Martin in both the near, and, distant future."
"Martin and I have collaborated on many joint client projects over the last fifteen years, with excellent results each time. I will continue to recommend Martin to valued clients of mine."
"Over approximately a 10 year business relationship on files involving enforcement of security, I found Martin available, responsive and consistently focused on moving the legal process forward to the targeted outcome. He also sought out opportunities and promptly assessed alternative possible solutions he and others generated along the way to settle matters with our interests firmly in mind. Opportunities where I observed court hearings and examinations confirmed Martin's skills in these important areas."