amendment to bankruptcy law start from Oct2007

November 29th, 2007 by Questions

I did some search on website and found that an amendment to bankruptcy law is effective from Oct2007? Is it right? Some amendments are such as surplus income and length of bankrutpcy before discharge? Does any experters have this kind of information?

Questions

One Response to “amendment to bankruptcy law start from Oct2007”



, Barton Goth GCO Bankruptcy Trustees said:

These amended laws are not effective as of yet as they still have to pass through the Comittee level of the Senate.

We have just found out that on December 5th, 2007 CAIRP will testify before the Standing Senate Banking, Trade & Commerce Committee to present the profession’s views on the federal insolvency legislation (c. 47 and Bill C-12), but even if everything goes smoothly I don’t exmpect these amendments will become effective until at least January of 2009 as it will take at least 12 months to have everyone involved at a position where change is possible

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)