Timeline

Alan Spergel opens Mandelbaum Spergel Inc. located at 200 Consumers Road. The insolvency practice provides both consumer and corporate insolvency services, and Alan hires a part-time secretary as his only employee.

Mandelbaum Spergel Inc. opens its first satellite office at 307A Danforth Avenue, above a restaurant. The office remains one of the company’s locations to date.

Spergel President and Founder, Alan Spergel, represents the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) at a Government Senate Committee hearing for the BIA (Bankruptcy & Insolvency Act).

As the court appointed Monitor, and subsequent Receiver, under a CCAA proceeding, Alan is called to testify at Bankruptcy Court in Turin, Italy on behalf of American Sensors.

Trustee Jeff Adiken joins the firm and eventually takes over oversight of the consumer practice from Carl Ritchie.

The consumer insolvency group files a record 184 insolvency filings in a month.

Trustee Trevor Pringle joins the firm and opens offices providing both consumer and corporate insolvency services in Hamilton and surrounding areas.

President and Founder, Alan Spergel, appointed Chairperson of the Canadian Association of Insolvency and Restructuring Professionals, and oversees the drafting and approval of regulatory changes to the Bankruptcy and Insolvency Act (BIA) in 2009.

Mandelbaum Spergel Inc. changes its name to MSI Spergel Inc. and develops the red dots as its logo.

Mandelbaum Spergel Inc. celebrates 20 years in business, with over 20 offices covering all of Ontario. Alan’s daughter, Gillian Goldblatt, joins the firm and goes on become a Trustee.

Alan Spergel starts a national network of 8 independent insolvency practitioners to refer consumer insolvency business across the country. The network eventually grows to 13 members across Canada.

Trustee Rob Kilner joins the firm and takes over the Northern Ontario region.

ICIN joins a global network of independent insolvency firms to refer corporate restructuring and insolvency business. GRIP stretches from North America to Europe to Australia & Asia with over 45 firms.

The firm opens its first office in downtown Toronto at 120 Adelaide St. West. Trustee Mukul Manchanda joins the firm to expand the corporate insolvency practice and goes on to oversee the firm’s corporate insolvency group. Chris Galea’s daughter, Samantha, joins the firm and goes on to become a Trustee.

The firm celebrates 30 years in business and Trustee Ashvin Sharma, who started with the firm as a student in 2009, moves to B.C. to expand the firm to the West Coast.

In response to the COVID pandemic, the Office of the Superintendent of Bankruptcy allows Trustees to provide services virtually, greatly expanding a Trustee’s ability to see clients. The firm hires Trustee Graeme Hamilton to take over the Downtown Toronto practice.

Better Business Bureau Canada recognizes Spergel for their commitment to ethical and trustworthy service, awarding the firm the BBB Accredited Business Seal.

Spergel Partner, Gillian Goldblatt, is appointed President of the Ontario Association of Insolvency and Restructuring Professionals (OAIRP), which educates, supports, and advocates on behalf of all Ontario Licensed Insolvency Professionals (LITs).

With the addition of Alberta, Saskatchewan, Manitoba, Quebec, and Nova Scotia, the firm becomes a national insolvency firm and moves its head office to 200 Yorkland Blvd, Suite 1100, Toronto.

The firm achieves and surpasses 2,750 publicly-facing 5-star Google and TrustPilot reviews, a testament to the firm’s commitment to providing exceptional debt-relief services for all Canadians.

Celebrating 35 years of excellence, dedication, and teamwork in providing Canadians with worldclass debt relief solutions.  Here’s to 35 more years of growth and success!