New Student Loan Bankruptcy Legislation – An Update
On December 11, 2006, The Minister of Labour, Jean-Pierre Blackburn, tabled in the House of Commons a Ways and Means motion 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 next step is a vote on the motion and introduction of the actual Bill. So, what’s happened since December 11?
Nothing.
Well, something happened. Our duly elected Members of Parliament went on vacation. They will be returning to the House of Commons on January 29, 2007, so obviously nothing will happen in January. The only official word on the status of what is now called Bill C – 47 can be found on the House of Commons website; click down to item #13 under Ways and Means, and you will see the above note.
That’s it.
Stay tuned to this space; we will report as more information becomes available.
