New Bankruptcy Laws
November 28th, 2005 by Questions
I filed for bankruptcy on Nov. 25th, 2005 based on recommendations from a number of sources and as a result of new laws that were being debated in Parliment. As it happens, the new bankruptcy law (Bill C-55) received Royal Assent at 4:57PM on Nov. 25th.
I was told that the new laws won’t go into affect until June, 2006. Is this true? What if my filing was before 4:57 of that day?