Workers now better protected

Bill C-12 addresses bankruptcy concerns
||Last Updated: 03/18/2008

Employee wages and benefits will be better protected if an employer declares bankruptcy, thanks to the approval of Bill C-12, an act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrange-ment Act, the Wage Earner Protection Program Act and Statutes of Canada.

The changes were necessary to correct deficiencies in the insolvency reform legislation passed two years ago, said the federal government.