Consumer Rights in Ontario under the Consumer Protection Act

The Ministry of Consumer Services and Consumer Protection Ontario have helped create this guide for you to know your consumer rights in Ontario for many typical financial transactions. From gift cards, payday lending, identity theft, collection agencies, home repair, motor vehicle repair, and more the Consumer Protection Act provides you with many basic rights to ensure a safe transaction and …
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COVID19 Order Provides Payment Extension For Consumer Proposals

A court order was issued by the Ontario Superior Court of Justice on Monday, April 27, 2020, based on a motion filed by the Attorney General of Canada on behalf of the Superintendent of Bankruptcy. This order provides Ontarians who have filed for insolvency with greater flexibility to meet their obligations during this time of economic uncertainty by offering a payment extension. This includes …
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COVID-19: We’re Here To Help With Changes To Our Debt Solutions During COVID-19

COVID-19 Insolvency Trustee
COVID-19 (Coronavirus) is having powerful impacts on our way of life and our wallets. From increased expenses in obtaining essential supplies, income loss or reduction due to reduced hours and shortages of work, or priorities being focused on supporting family and friends through this difficult time- the economic impacts are significant and will be long lasting. You’re not alone and Krieger…
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How long does a consumer proposal stay on a credit report? (Updated)

Credit Score in Consumer Proposal
Both Equifax and TransUnion have shortened the time that consumer proposals remain on a credit report and impact a credit score. A consumer proposal will continue to appear for three years after a consumer proposal is fully performed. It will now also be limited to a maximum of six years after the consumer proposal was originally filed. This means that a consumer debtor taking the full five-…
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Surplus Income Limits Directive For 2019

Pen on Folio
The Office of the Superintendent of Bankruptcy has just issued their 2019 surplus income directive, setting the surplus income limits for 2018. The full text can be found at OSB Directive 11R2-2019 which includes the new 2019 surplus income limits. The surplus income directive comes into force on March 18, 2019 and applies its surplus income limits to all calculations of surplus income made by a …
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