Today, Personal Bankruptcy Canada announced the development of a new standard of practicing bankruptcy in Canada, called F.A.I.R. Practice. It has been estimated that Canada’s poorest have been overpaying for their bankruptcies by more than ten million dollars (or $350 per family) a year.
What is it?
. The system is broken and needs to change. PBC is committed to working with the Office of the Superintendent of Bankruptcy, the local courts, advocacy groups and other trustee practices in an effort to change the status quo and help those who are most financially vulnerable get back on their feet.
Read the full press release for more information on F.A.I.R. Practice.