Senator Art Eggleton spoke on the Bill S-216, an Act to amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act to protect employees on long-term disability.
Senator Eggleton said “By bringing LTD claimants to preferred status, employees will continue to get their benefit coverage up to age 65, be able to pay their medical bills and continue to live outside of poverty.”
This bill will bring a greater degree of fairness in the bankruptcy process and help protect some of our most vulnerable citizens now and in the future.