Sentences with phrase «federal bankruptcy legislation»
While federal bankruptcy legislation does allow for different treatment of certain issues between the provinces, such as, for example, provincial exemptions, ideally the imposition of the federal scheme would allow for as few disparities as possible.
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A big reason for this, according to Hoyes, is changes in the federal bankruptcy legislation that went into effect in 2009, which made the bankruptcy process more expensive for some.
Not exact matches
The U.S. House Natural Resources Committee this week will consider legislation that will provide bankruptcy powers to Puerto Rico while subjecting it to the authority of a federal oversight board.
As such, facing a massive and immediate liquidity crisis, they would be in more need of a federal bailout than before the bankruptcy legislation was seriously mooted.
OLA is a new bankruptcy - type provision included in Dodd - Frank financial reform legislation that gives the Federal Deposit Insurance Corp. the authority to resolve insolvent systemic financial institutions (think future Lehman - like episodes).
«I have, and will continue to, push for federal legislation that would allow the commonwealth of Puerto Rico to declare bankruptcy and restructure its debt,» said Bronx Borough President Ruben Diaz Jr..
Under the Bankruptcy & Insolvency Act, the federal legislation that governs the bankruptcy process, when you declare personal bankruptcy a Licensed Insolvency Trustee is Bankruptcy & Insolvency Act, the federal legislation that governs the bankruptcy process, when you declare personal bankruptcy a Licensed Insolvency Trustee is bankruptcy process, when you declare personal bankruptcy a Licensed Insolvency Trustee is bankruptcy a Licensed Insolvency Trustee is appointed.
Personal bankruptcy is governed by federal legislation and going this route means your unsecured debts are eliminated — you won't be getting any more calls from collection agencies, wage garnishments will stop and there will be no threats of lawsuits.
Consumer proposal administrators are licensed trustees, registered with the federal government under the Bankruptcy and Insolvency Act and as such fees paid to a trustee for administering a consumer proposal are set by legislation.
The BIA (often more simply known as the «Bankruptcy Act») is legislation established by the federal government to assist honest Canadian citizens who are unfortunate enough to run into financial difficulties.
Federal legislation was needed as well, to amend the Bankruptcy and Insolvency Act to fit with the Convention's priority rules.
The Court had to deal with the conflict between the provincial oil and gas legislation that imposed reclamation obligations on licence holders (including a Trustee that takes control of properties) and the federal Bankruptcy and Insolvency Act (BIA).
The SCC decided the provincial legislation and the federal BIA clearly conflict — and can't operate concurrently: one provides for the release of all claims provable in bankruptcy, while the other disregards this release and allows for the use of a debt enforcement mechanism to exclude a discharge in bankruptcy.
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What a careful observer notices from monitoring SPC media is that those involved with reform of discrete areas of Chinese legislation and judicial practice continue (in the pre / post 19th Party Congress era) to look at US federal / state law (and other foreign law) structures and practices, including: use of mediation in federal appeals cases; bankruptcy practice; reform of Chinese nuclear safety legislation to broaden the scope of information released to the public, that is in specific areas that do not involve basic principles of the Chinese courts.