I have had many people ask me about the “new” rules. I call them “new” because they have been in place since September 18, 2009. They wonder why the rules were changed now, at a time of economic hardship, making bankruptcy lasting longer and be more expensive. I think those are great questions and would be best directed to the government. After all, they were the ones who changed them.

However, I can tell you that according to the Office of the Superintendent of Bankruptcy, the rules were changed to encourage debtors to pay back some money back to their creditors and to encourage the filing of consumer proposals.

The bottom line is this. If you are experiencing difficulty paying you bills, you should be calling me at 310-PLAN. The fact is the new rules are here and I can explain them in detail and how they may affect you.