Industry committee  We have clients as law firms and as financial advisers. We have clients who retain us to advise them. We take an interest. It is not a completely disinterested look at their situation. You are trying to work through a restructuring and give them the assistance they need to come o

Industry committee  Professional fees are an easy target. I don't know what has gone into all those professional fees. If you compare it with the cost to the pensioners, I'm sure it's an easy analysis to say that they're excessive. But that's not the way a restructuring would be viewed by the stakeh

Industry committee  You become a member by having experience in insolvency and restructuring.

Industry committee  Yes.

Industry committee  No. The institute is made up of a number of trustees. Fellow representatives from CAIRP are also in the institute. It includes people like Mr. Davis, who is a professor at the University of British Columbia.

Industry committee  We represent people as lawyers and financial advisers from the trustee receiver community. We represent all the stakeholders in different files.

Industry committee  I wish to thank the chairman and the members of the committee for the invitation to speak to these important hearings on Bill C-501. It is clear that Bill C-501 creates a priority charge on all of a debtor's property for unpaid termination and severance pay and the full amount