Albert Gelman Inc. Bankruptcy Trustee

What Albert Gelman Inc. Bankruptcy Trustee does

Albert Gelman Inc. is a Canadian Licensed Insolvency Trustee firm providing regulated insolvency and restructuring services under the Bankruptcy and Insolvency Act and the Companies' Creditors Arrangement Act. The firm is headquartered in Toronto with additional offices in Edmonton and Vancouver, operating across Ontario, Alberta, and British Columbia. Its service portfolio spans consumer-side offerings (Consumer Proposals, Personal Bankruptcy, Income Tax and HST Resolution) and corporate-side offerings (Restructuring, Bankruptcy, CEBA/HASCAP loan advisory, and court-appointed Receivership), plus specialized work in forensic investigation, stakeholder dispute resolution, deceased-estate substitute trusteeship, and litigation-guardian representation. The firm is positioned as a small boutique practice with 24/7 partner-direct access, multiple Licensed Insolvency Trustees, and 86+ years of combined team experience across more than a dozen industries.

The firm earns revenue primarily through court-approved trustee and receiver fees tied to time spent and assets administered, supplemented by intake consultations. Go-to-market is sales-led and built on professional referral networks (lawyers, accountants, CFIB members), direct client discovery calls booked through Calendly, and formal court appointments. The firm serves three structurally distinct customer cohorts — insolvent individuals, insolvent corporations (owner-managed firms, executives, shareholders), and banks/secured creditors — with no publicly disclosed revenue, funding, or headcount trends. The firm is privately held with no identified parent company, venture capital, or private equity investment.

The technology stack is deliberately non-software-centric: the practice depends on statutory powers, forensic accounting methodologies, and court-supervised processes rather than proprietary platforms. There is no disclosed AI, no public API, and no mobile application; the only digital surface referenced is a Calendly booking system and the firm's website. Growth signals are limited to geographic expansion across three provinces and the addition of pandemic-era government loan advisory services.

Name

Albert Gelman Inc. Bankruptcy Trustee

Legal name

Albert Gelman Inc.

Website

https://albertgelman.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Albert Gelman Inc. is a Canadian Licensed Insolvency Trustee firm providing consumer proposals, personal bankruptcy, corporate restructuring, and court-appointed receivership services to insolvent individuals, corporations, and secured creditors across Ontario, Alberta, and British Columbia.

Ownership category

akta.pro rank

Product category

Insolvency Trustee Services

NAICS

Offices of Lawyers (541110), Trust, Fiduciary, and Custody Activities (523991)

SIC

Services-Legal Services (8111), Services-Consumer Credit Reporting, Collection Agencies (7320), Finance Services (6199)

akta.pro primary industry

Insolvency, Restructuring & Bankruptcy Administration (BPAHABAL)

akta.pro secondary industries

Bankruptcy, Restructuring & Insolvency Law (BPAHAAAH), Bankruptcy, Insolvency & Restructuring Servicing (Consumer) (FSAKAJAK)

Keywords

• Licensed insolvency trustee
• Consumer proposal services
• Corporate restructuring
• Bankruptcy administration
• Forensic accounting receivership

Headquarters

HQ city

Mississauga

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Trustee and Receiver Fees: Albert Gelman Inc. charges fees for administering bankruptcy estates, consumer proposals, and court-appointed receiverships. These fees are typically based on time spent and services rendered, subject to court approval in insolvency proceedings.
2. Consultation Services: The firm provides initial discovery consultations to assess client financial situations and determine appropriate insolvency solutions. These consultations are provided as part of the intake process for prospective clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Albert Gelman Inc. is a Licensed Insolvency Trustee firm that administers personal and corporate insolvency proceedings under Canadian federal legislation (Bankruptcy and Insolvency Act and Companies' Creditors Arrangement Act). The firm delivers consumer proposals, personal bankruptcy filings, corporate restructuring and bankruptcy, court-appointed receiverships, forensic accounting investigations, income tax and HST debt resolution, and stakeholder advisory services to individuals, corporations, and secured creditors across Ontario, Alberta, and British Columbia.

Product overview

Albert Gelman Inc. is a Licensed Insolvency Trustee firm offering a comprehensive suite of insolvency and restructuring services. The firm operates as a single unified service offering (not a platform-plus-modules architecture) across two primary client segments: individual/consumer services (Consumer Proposals, Personal Bankruptcy, Income Tax Resolution) and corporate services (Restructuring, Bankruptcy, Receivership). Additional specialized services include forensic accounting investigations, stakeholder advisory, deceased estate trustee services, and litigation guardian representation. With over 50 years of combined experience serving Ontario, Alberta, and British Columbia, the firm assists clients ranging from insolvent individuals to corporations in Manufacturing, Automotive, Construction, Retail, Food and Beverage, Software, High Tech, Real Estate, and other industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Consumer Proposal Services Debt settlement solutions for insolvent individuals administered as Consumer Proposals under the Bankruptcy and Insolvency Act, resulting in single monthly payments, stopped interest growth, and often reduced overall debt repayment amounts.
• Personal Bankruptcy Services Bankruptcy filing and administration services for individuals unable to repay their debts, providing immediate relief from creditor collection calls and supervision of the bankruptcy estate.
• Income Tax and HST Resolution Services to settle Canada Revenue Agency (CRA) tax debt, including unsuccessful tax appeals, taxpayer relief applications, re-assessments, and resolution for unpaid GST/HST, payroll source deductions, and PST liabilities.
• Corporate Restructuring Restructuring services for corporations facing financial difficulty, including turnaround plans and strategy execution for industries such as Manufacturing, Automotive, Construction, Retail, Food and Beverage, Software, High Tech, Real Estate, Printing, Electroplating, Pharmaceuticals, Injection Moulding, and Transportation.
• Corporate Bankruptcy Bankruptcy administration services for insolvent corporations, managing the process from filing through to resolution, including assignment in bankruptcy proceedings.
• CEBA and HASCAP Loans Advisory Advisory services for businesses dealing with Canada Emergency Business Account (CEBA) and Highly Affected Sectors Credit Availability Program (HASCAP) loans, including resolution of default scenarios.
• Receivership for Secured Creditors Court-appointed receivership services under which Albert Gelman Inc. acts as receiver managing assets, undertakings, and properties of insolvent entities to maximize recovery on secured debt for banks and secured creditors.
• Stakeholder Advisory & Dispute Resolution Advisory services for stakeholders including negotiation and dispute resolution assistance for parties involved in insolvency proceedings, including directors, shareholders, and executives.
• Investigative Forensic Accounting & Receiverships Forensic investigation services utilizing statutory powers granted to Licensed Insolvency Trustees, including examinations under oath, court orders for property and record production, recovery of fraudulently transferred property, voiding of transactions at undervalue, and expert witness services for Anton Piller Orders and Mareva Injunctions.
• Substitute Trustee of Deceased Estate and Family Trust Trustee services for deceased estates and family trusts requiring administration during insolvency situations or where the original trustee is unable to continue acting.
• Litigation Guardian Services Services acting as litigation guardian for parties involved in legal proceedings related to insolvency matters, including under-capacity parties.

Quantifiable outcome

• Solutions often result in single monthly payments
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Farber Financial Group: Canadian boutique insolvency and financial advisory firm offering personal and corporate insolvency, consumer proposals, and restructuring services. Farber is a close direct peer in size, service mix, and multi-province Canadian footprint, competing for the same consumer and small-business client base.
• Bromwich+Smith: Canadian Licensed Insolvency Trustee firm focused on consumer insolvency, consumer proposals, and debt counselling with offices across multiple provinces. Direct peer competing in the same consumer segment that drives a significant share of Albert Gelman Inc.'s proposal volume.
• David Sklar & Associates: Toronto-based Licensed Insolvency Trustee firm providing personal bankruptcy, consumer proposals, and corporate insolvency services. Direct peer competing for the same GTA consumer and small-business client base that anchors Albert Gelman Inc.'s Ontario practice.
• Fuller Landau LLP: Toronto-based chartered professional accounting and insolvency firm offering Licensed Insolvency Trustee services, restructuring, and forensic accounting. Direct peer with overlapping service lines — particularly forensic accounting and corporate restructuring — and similar client segments.
• Ira Smith Trustee & Receiver Inc. Toronto-area Licensed Insolvency Trustee firm offering personal and corporate insolvency, receivership, and restructuring services. Comparable boutique peer in scale and service mix, competing for the same GTA corporate and consumer mandates.

Broad incumbents

• Deloitte Canada (Restructuring & Insolvency): Big Four firm with a national restructuring, receivership, and insolvency practice. Competes for the larger end of the corporate insolvency and forensic investigation market that Albert Gelman Inc. also targets.
• BDO Canada: National accounting firm with a dedicated restructuring and insolvency practice. BDO competes for mid-market corporate insolvency, receivership, and advisory mandates, drawing on a broader service portfolio and national brand than Albert Gelman Inc.
• MNP Ltd. One of Canada's largest accounting and business advisory firms with a national Licensed Insolvency Trustee practice. MNP is the dominant national incumbent competing for the same consumer proposal, corporate restructuring, and receivership mandates that Albert Gelman Inc. serves across Ontario, Alberta, and BC.
• Grant Thornton Canada (Restructuring): National accounting and advisory firm with a dedicated restructuring and insolvency practice. Overlaps with Albert Gelman Inc. on mid-market corporate restructuring, receiverships, and creditor-side advisory work.

Regional players

• Sands & Associates: BC-based Licensed Insolvency Trustee firm serving individuals and businesses with consumer proposals and bankruptcy services. Regional peer overlapping with Albert Gelman Inc.'s Vancouver office in the British Columbia market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AlbertGelman
• Facebookfacebook.com/219140988112734
• LinkedInlinkedin.com/company/albert-gelman-inc-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Albert Gelman Inc. Bankruptcy Trustee