How to Stop CRA Garnishment After Receiving an RTP Demand Payment Letter

Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]

How Many Times Can You Do A Consumer Proposal

Ever felt like you’re stuck in a financial maze with no exit in sight? Debt can weigh you down, making every day feel like an uphill battle. But what if there’s a way to reset and start fresh? How many times can you do a consumer proposal? The straightforward answer is that you can file […]

Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

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Will a consumer proposal affect my employment?

I am a personal banker looking to file consumer proposal along with my husband. One of my husband`s debt is with the same bank who employs me. I am not a party in that loan. Would the whole process of our Consumer Proposal affect my job? Would it also affect my licence from Ontario Securities Commission?

Posted from: Ontario

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One Response to “Will a consumer proposal affect my employment?”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

I don’t anticipate this will cause you any problems. The Bankruptcy and Insolvency Act stipulates that employers are not permitted to dismiss, suspend, lay off or otherwise discipline a consumer debtor solely on the grounds that he has filed a consumer proposal. Now the Securities commission may have something in their bylaws that comments on the filing of a consumer proposal, but it is doubtful. Most times a licensing or body or professional association has a stipulation it relates to a bankruptcy, not a consumer proposal.