Martin C. Sennott*

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.

Professional Activities

• 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

Speaking Engagements

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”

Representative Transactions

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