Off to Ottawa to Fight For Fair Bankruptcy Rules

Back in December I posted an article announcing that new bankruptcy laws have been passed by Parliament, but they have not yet come into force. In an effort to ensure that the rules are fair and balanced, the Senate Banking, Trade and Commerce Committee is holding hearings to review the new legislation.

Ted Michalos and I will be appearing before the Committee at noon on February 7 to provide our views on bankruptcy reform. I will post details on our testimony when we return, but here’s a preview: we believe the rules should be fair to both bankrupts and to creditors, and in our view the new rules tend to help creditors more than bankrupts.

You can read our full 42 page report to the Committee by downloading the Hoyes Michalos Report to the Senate Standing Committee.

You can watch our testimony live on the Internet at 12 noon on February 7th on the Senate Website.

How will the new rules impact on you? Read our full report on the new bankruptcy laws in Canada, and check back later this week for more information on our appearance in Ottawa.