April 12th, 2010 by A Licensed Insolvency Trustee
The year 2009 was an important year for bankruptcy legislation in Canada. On September 18, 2009 the bankruptcy rules changed, making it more expensive and more complicated to file bankruptcy for certain people, due to changes in the surplus income rules. Today’s question: do the surplus income in bankruptcy rules discriminate against women? First, some […]
November 30th, 2009 by A Licensed Insolvency Trustee
One of the longstanding and fundamental purposes of the Bankruptcy and Insolvency Act of Canada has been to allow honest but unfortunate debtors to deal with unmanageable debt so that they can make a fresh start and resume their places in the community. For those of you who are unaware, September 18, 2009 was a […]
October 19th, 2009 by A Licensed Insolvency Trustee
On September 18, 2009 the government of Canada brought into force all of the remaining amendments to the Bankruptcy and Insolvency Act that were approved by Parliament back in 2005 and 2007. At the time they were approved, the economy was booming and bankruptcy filings by individuals were stable. One of the goals of the […]
September 21st, 2009 by A Licensed Insolvency Trustee
Since the federal government announced back on August 19 that new bankruptcy rules in Canada would come into force on September 18, 2009, I have posted three articles describing the new bankruptcy rules in Canada. For an overview of the new rules, please see the following articles: New Bankruptcy Rules in Canada: The Good News […]
September 14th, 2009 by A Licensed Insolvency Trustee
After waiting for four years, the new bankruptcy rules finally come into force on September 18, 2009. The new rules will have a significant impact on many Canadians in financial trouble. When the new rules were announced in August I posted a summary of what you need to know about the new bankruptcy rules in […]
August 24th, 2009 by A Licensed Insolvency Trustee
New bankruptcy rules will come into force in Canada on September 18, 2009. Last week I reviewed What You Need to Know About the New Bankruptcy Rules in Canada. Today I’d like to comment on the most radical change: how your income will impact on the length of your bankruptcy in Canada. When you go […]