You may want to take a moment to read this blog if you live in the province of New Brunswick and owe a significant amount of debt. While areas of it may possibly be only a little technical, brand brand new legislative modifications have already been designed to New BrunswickвЂ™s business collection agencies regulations, which could influence your relationship along with your creditors.
At the beginning of November, the province of brand new Brunswick introduced the enforcement that is new of Judgments Act (EMJA). The EMJA is an item of legislation that widens the range of assets that creditors can seize within the province of brand new Brunswick. The work formally arrived into force on December 1, 2019. While there have been different amendments made to your past regulations, here you will find the primary features that New Brunswickers should be aware:
CREDITORS IS NOW ABLE TO GARNISH YOUR WAGES
Historically in New Brunswick, creditors could maybe perhaps not garnish the wages of a person unless these people were the CRA or even the garnishment had been for Family Support Payments, such as for instance son or daughter help. Weiterlesen