Difference between revisions of "Orderly Payment of Debts"
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{{REVIEWEDPLS | reviewer = [[Alison Ward]]|date= August 2018}}{{Consumer and Debt Law TOC|expanded = out}} | {{REVIEWEDPLS | reviewer = [[Alison Ward]]|date= August 2018}}{{Consumer and Debt Law TOC|expanded = out}} | ||
The federal [http://canlii.ca/t/7vcz ''Bankruptcy and Insolvency Act''], in [https://www.canlii.org/en/ca/laws/stat/rsc-1985-c-b-3/latest/rsc-1985-c-b-3.html#PART_X_Orderly_Payment_of_Debts_918613 Part X], contains provisions for the “'''orderly payment of debts'''”. These provisions enable a debtor to consolidate most of their debts and pay them off through one monthly payment to the court. | |||
Before 2002, Part X of the Act was administered by the Debtors Assistance Branch of the BC Ministry of Attorney General. Since the government closed the Debtors Assistance Branch in 2002, however, BC has not provided consolidation services under Part X for debtors, despite the fact that Part X remains in force in the province. | |||
== Related topics and materials== | |||
See the other sections on getting out of debt: | |||
* Debtor’s Options for Getting Out of Debt
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* Assignments in Bankruptcy
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* Consumer and Ordinary Proposals | |||
{{Consumer and Debt Law Navbox|type = debt}} | {{Consumer and Debt Law Navbox|type = debt}} | ||
Revision as of 22:18, 9 September 2018
| This information applies to British Columbia, Canada. Last reviewed for legal accuracy by Alison Ward in August 2018. |
The federal Bankruptcy and Insolvency Act, in Part X, contains provisions for the “orderly payment of debts”. These provisions enable a debtor to consolidate most of their debts and pay them off through one monthly payment to the court.
Before 2002, Part X of the Act was administered by the Debtors Assistance Branch of the BC Ministry of Attorney General. Since the government closed the Debtors Assistance Branch in 2002, however, BC has not provided consolidation services under Part X for debtors, despite the fact that Part X remains in force in the province.
Related topics and materials
See the other sections on getting out of debt:
- Debtor’s Options for Getting Out of Debt
- Assignments in Bankruptcy
- Consumer and Ordinary Proposals
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