About our Company

Baigel Corp. is an independent practice dedicated to rescuing small owner managed and family businesses from financial distress. We also ensure that directors are taken care of, because company liabilities do not always stay with a business.

We never forget that we are dealing with people’s lives, the impact on their families, and their hopes and dreams. We are a small business advising small business.

Baigel Corp. also has a team of professionals devoted to providing practical solutions to people struggling with personal financial difficulties. Our team has helped tens of thousands of people deal with their problems, whether the struggles are caused by credit card or bank debt, marital or relationship breakdowns, job losses, illness, family demands or many other reasons. The team share their decades of specialist experience to provide workable solutions to complex troubles in a sensitive, sympathetic and understanding manner.

Baigel Corp. chooses not to do a lot of the initial work traditionally performed by Licensed Insolvency Trustees. Baigel Corp. wishes for you or your existing advisors, be they accountants, book-keepers or lawyers, to do this work wherever possible. This enables you and your advisors to be engaged in any decision, and keeps Trustee costs down. We do not do any accounting, auditing or tax work ourselves. We want to apply our skills where you need them, and provide value when you need it most.

About our Principal

Michael was a member of the exam licensing committee for Licensed Insolvency Trustee candidates in Canada for many years and a peer reviewer of the Insolvency Counsellor’s Qualification Course. Michael scored the highest mark in the national examinations of the insolvency Licensing examinations in 2003, even whilst preparing for his wedding 4 days later.

Michael has presented on insolvency and restructuring issues to the American Bar Association, Ontario Bar Association, Israel Bar Association, GTA Accountants’ Network, National Association of Credit Management, International Factors Association, Investors Group and the Association for Capital Growth, and was published in a national newspaper regarding Small Business Demise: Why Some Companies Succeed Where Others Fail. He is an occasional columnist for the Construction Economist, Journal of the Canadian Institute of Quantity Surveyors

He volunteers for local charities and associations and is a member of the Canadian Ski Patrol, which is somewhat unusual for a lad from Manchester who had never stepped on skis until he was 23. He still plays open-age football (soccer in Canadian parlance) and plays the guitar very badly, but very, very loudly. Most importantly, he is a Manchester United fan.

Jeremy Kroll – Partner

Jeremy’s entrepreneurial side comes out when solutions to business problems are sought. He believes in trying to solve problems “at the kitchen table” where the parties may minimize losses and save professional fees.

Whilst Jeremy has assisted creditors in complex cases that involve multi million-dollar losses to non-institutional lenders/investors, he is just as interested in helping the “average Joe or Jane” deal with the myths and confusions about their debt, deal fairly with their creditors, legitimately keep their assets and rebuild.

“When I chose to be a professional, I chose to put the interests of the stakeholders ahead of mine. I chose to put service at the forefront. By doing the right thing I am able to make a living and I am grateful for that.”

Jeremy has succeeded at all his endeavours, Chartered Accountant, entrepreneur, in the construction and manufacturing industries and as a provider of honest and effective debt solutions.

One of his greatest satisfactions in his professional career to date is seeing the success enjoyed by individuals he brought into the profession with no history and often no references. “I connected with that human, gave them the opportunity and some encouragement. Seeing them succeeding today is incredibly rewarding”. An immigrant, a refugee, a part-time city labourer, a USA trained lawyer, an India trained CA, the list goes on. Today they are all Licensed Insolvency Trustees.

Noah Litwack - Vice President

Noah started his career as an entry-level administrator in 2008 with the largest regional consumer insolvency practices in Ontario. Noah worked his way through the ranks, earning his designation as a Chartered Insolvency and Restructuring Professional (CIRP) in 2012 and his designation as a Licensed Insolvency Trustee (LIT) in 2013, to become director of that firm’s corporate insolvency and restructuring practice before joining Baigel Corp in December 2020.

Noah has significant experience as an officer of the court in several capacities. Recent notable mandates include:

• Assisting a family-owned company, that manufactures engineered machine components, complete a successful financial restructuring of its business while acting as trustee in re a proposal under the Bankruptcy and Insolvency Act
  
• Acting as court-appointed receiver pursuant to the Courts of Justice Act (Ontario) of the property of several Canadian business entities, including corporations and natural persons, with real estate holdings all over Ontario, to enforce foreign judgments recognized in Ontario;
  
• Restructuring the business and operations of a licensed producer of cannabis through a court-approved sale and investment solicitation process while acting as trustee in re a proposal under the Bankruptcy and Insolvency Act and, subsequently, as monitor in re the proceedings taken up under the Companies’ Creditors Arrangement Act; and
  
• Acting as bankruptcy trustee of an owner-operated business that developed a proprietary web-based platform for event management purposes.
  

Noah has also acted in several financial advisory roles for companies reorganizing and restructuring without formal insolvency proceedings. He also has experience acting as consultant, agent, and privately appointed receiver for banks and other secured lenders.

Noah’s commercial practice focuses on assisting stakeholders of small- and medium-sized businesses. From owner-operators to boards of directors; private lenders to financial institutions; debtors, creditors, and equity holders; and all points in between, Noah prides himself and the firm on providing practical, actionable, and affordable solutions.

When working with small businesses, there is often an element of personal financial exposure for certain stakeholders, such as sole proprietors, owner-operators, officers and directors, and guarantors. Not all corporate problems can be solved by corporate proceedings. Therefore, Noah often works with those individuals affected by business shutdowns and reorganizations to provide personal debt solutions and relief.

In his personal time, Noah is most often found chasing his son and daughter around the house or playground. Noah also enjoys playing hockey and baseball, strumming his guitar, and annoying his wife with terrible ‘dad jokes’. Notwithstanding the Raptors’ recent triumph, Noah has a tendency for supporting sports teams that have long-standing championship droughts, including the Toronto Maple Leafs, Toronto Blue Jays, and Tottenham Hotspur Football Club.