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 just a little technical, new legislative modifications were built to New BrunswickвЂ™s business collection agencies legislation, which may 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 officially arrived into force on 1, 2019 december. While there have been different amendments made towards the past regulations, here you will find the primary shows that New Brunswickers ought to know:
CREDITORS IS NOW ABLE TO GARNISH YOUR WAGES
Historically in brand brand New Brunswick, creditors could maybe maybe not garnish the wages of a person unless these people were the CRA or the garnishment ended up being for Family Support Payments, such as for instance youngster help.