Consumer Proposals; Discount Clauses

Consumer Proposals; Discount Clauses

Consumer Proposals: Discount Clauses. The Office of the Superintendent of Bankruptcy (OSB) clamps down on Discount Clauses in Consumer Proposals. The OSB issued a position paper on December 5, 2016, wherein it announced it is clamping down on “discount clauses” included in Consumer

September 2016 Canadian Bankruptcy Statistics

Canadian Bankruptcy Statistics - (1980 - 2016) NEWS FLASH! November 30, 2016: For the 12 months ended September 30, 2016 insolvencies were up by 4.0% from the prior 12 months.   (129,843 / 124,839). September 2016 Canadian Bankruptcy Statistics - Canadian Bankruptcy Statistics for September, 2016 (Released on

August, 2016 Canadian Bankruptcy Statistics

Canadian Bankruptcy Statistics - (1980 - 2016) NEWS FLASH! November 1, 2016: For the 12 months ended August 31, 2016 insolvencies were up by 3.9% from the prior 12 months.   (129,445 / 124,592). August 2016 Canadian Bankruptcy Statistics - Canadian Bankruptcy Statistics for August, 2016 (Released on

ICBC Discharge Debts Policy

ICBC Discharge Debts Policy The ICBC Discharge Debts Policy has been updated to align with the Supreme Court of Canada’s recent decision in the matter of 407 ETR Concession Co. v. Canada (Superintendent of Bankruptcy) ( http://scc-csc.lexum.com/scc-csc/scc-csc/en/item/15623/index.do?r=AAAAAQADNDA3AQ ). That Supreme

July, 2016 Canadian Bankruptcy Statistics

Canadian Bankruptcy Statistics - (1980 - 2016) NEWS FLASH! September 30, 2016: For the 12 months ended July 31, 2016 insolvencies were up by 3.1% from the prior 12 months.   (128,447 / 124,534). July 2016 Canadian Bankruptcy Statistics - Canadian Bankruptcy Statistics for July, 2016

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Canadian Bankruptcy Statistics for June, 2016

Canadian Bankruptcy Statistics - (1980 - 2016) NEWS FLASH! August 31, 2016: Canadian Bankruptcy Statistics for June, 2016 (Released on August 31, 2016 by the Office of the Superintendent of Bankruptcy) Insolvencies were up by 7.2% in June, 2016 compared with the same month the

GST Credit Payments

GST Credit Payments. GST credit payments often cause confusion.   Here is how they work. GST credit payments are retained by the trustee only if they are necessary to cover trustee's fees. GST credit payments are based on the filing of the person's tax

Consumer Proposal Study

Vyacheslav Mikhed and  Barry Scholnick wrote a consumer proposal study on  PROPOSALS IN CANADA AFTER THE 2009 LEGISLATIVE AMENDMENTS TO THE BANKRUPTCY AND INSOLVENCY ACT This consumer proposal study was published in March of 2015.   It examined the effect of the 2009 Increase in the

Save an Insolvent Company

Saving an Insolvent Company - How to Save an Insolvent Company Filing a proposal under the Bankruptcy and Insolvency Act may satisfy creditors and prevent a business from going under - Save an Insolvent Company. BY EARL SANDS Bankruptcy Canada - Save an

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