The Ontario government intends to change the law regulating the debt settlement industry. The stated purpose of these reforms is to substantially increase protections afforded to Ontario consumers who choose to hire companies to resolve debts on their behalf. If, however, the draft regulation becomes law some industry observers speculate that there might not be […]
You might find yourself in a position where you are facing serious financial challenges. You might be unable to make your mortgage payments or you are not able to keep up with your payments on your credit cards, line of credit or student loans. Consumers have nine debt relief options for eliminating their debt, although […]
In September of 2014 federal Industry Minister James Moore tabled a report to Canada’s Parliament regarding the country’s insolvency laws. This report arises from a statutory provision requiring a periodic review of the Bankruptcy and Insolvency Act (BIA) and the Companies’ Creditors Arrangement Act (CCAA)—the two primary insolvency statutes in Canada. The Companies’ and Creditors […]
Today the Office of the Superintendent of Bankruptcy Canada published information on it’s Small Practice Liaison Committee a.k.a SPLC. Included in the information are Member’s contact information for OSB, Trustee, Consumer and Creditor members as well as an outline of the OSB service standards including registration standards for small practices. SPLC Standards for the following services are outlined […]
