Payroll deposit

i have an oustanding debt with one financial institution and i work with that same organization. my payroll has to come in that account only can not go any where else. if i file a consumer proposal what happens. can collections take away funds or one proposal doc goes they can not do anything as long as payments goes through

Posted from: Ontario

One Response to “Payroll deposit”

A licensed trustee said...

Go and speak to your HR department – this situation will have occurred before and they will have a policy to deal with it. Under Ontario law, your employer, even if that employer is a bank, cannot tell you where you have to bank – that being said, they usually make it more attractive for employees to do so and have policies to deal with situations like yours.