CEWS will enable employers to re-hire workers previously laid off, to help prevent further job losses, and to better position businesses to resume normal operations following the COVID-19 crisis.
Category: In the News
Covid-19: How will the Canada Emergency Response Benefit affect my Bankruptcy?
Support payments received as a result of COVID-19 measures are meant to be used by individuals and their families, not their creditors.
How to Access Needed Money: Canada’s COVID-19 Economic Response Plan for Consumers
These are stressful times but no one should feel alone with these challenges.
Announcement – New Designation for Insolvency Professionals
The Office of the Superintendent of Bankruptcy Canada released Directive 33, Trustee Designation and Advertising, updating the designation to be used by Licensed Trustees with regards to the advertisement, promotion, and communications related to their services. All trustees will now adopt the professional designation “Licensed Insolvency Trustee”.
2016 Surplus Income Standards
When an individual files for personal bankruptcy the trustee will calculate whether or not he will be required to make surplus income payments based on his net household income.