Difference between revisions of "Orderly Payment of Debts"

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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.  
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{{Consumer and Debt Law Navbox}}
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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{{Creative Commons for PLS
{{Creative Commons for PLS

Latest revision as of 19:41, 19 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:

Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence Consumer and Debt Law © People's Law School is, except for the images, licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence.