New harsher bankruptcy laws go into effect on September 18, 2009.

The remaining new bankruptcy laws go into force on September 18, 2009.

Some of the bankruptcy law changes have gone into force today, Monday, July 7, 2008

Bill C-12 – an Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act, the Wage Earner Protection Program Act and Chapter 47 of the Statutes of Canada, 2005 has received Royal Assent.

The Conservative government reinstated the Bankruptcy Reform package on Thursday, October 25, 2007, in a motion that was approved by all parties.

Bill Introduced on May 29, 2007 to Change Student Loan Non-Dischargeability in a Bankruptcy from 10 Years to Two Years.

Insolvency professionals and everyone interested in a fair and just bankruptcy system will be very upset with the proposed change to RRSPs since the change in wording governing the exemption of RRSPs opens the system up to abuse.

The Minister of Labour, Jean-Pierre Blackburn introduced a ways and means motion on December 11, 2006, to introduce an Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act, the Wage Earner Protection Program Act and chapter 47 of the Statutes of Canada, 2005.

The true story of why Canadian bankruptcy reform was rushed into law.

Canadian Bankruptcy Reform is rushed into law to beat the non confidence vote held on November 28, 2005.