If you’re looking to break free of personal debt once and for all, we can help. We provide debt and bankruptcy solutions that are life-changing and permanent, so you can erase debt from your life.
Debt can be overwhelming. For that reason, our Licensed Insolvency Trustees are always here for you. let’s discuss the options available to you. Your debt-free future starts now.
It’s 8:00 am on Monday morning and you arrive at work ready to start the week, only to find that all staff have been summoned immediately to an emergency meeting in the staff room. Amid whispers of what could possibly be going on, you head into the meeting where you are advised by a Licensed Insolvency Trustee (the “Trustee”) that the company you work for has been placed into bankruptcy and the job you love has been terminated, effective immediately. A million questions are running through your head, but the most burning questions you have for the Trustee are:
What about the wages and vacation pay I am owed and what about severance pay?
You may be eligible to receive a payment in respect of your unpaid wages from a program called the Wage Earner Protection Program (WEPP), created by the Wage Earner Protection Program Act, which came into force effective July 7, 2008. The WEPP is designed to provide for the payment of outstanding wages, capped at a specified amount, to individuals whose employment has been terminated as a result of the bankruptcy or receivership of their employer. Wages includes salary, commissions, compensation for services rendered and vacation pay incurred any time in the six month period immediately preceding the date of the bankruptcy or receivership, as well as severance and / or termination pay.
How do I make a claim for a WEPP payment?
In order to be considered to receive payment from the WEPP, an application to the program by you is required. The following outlines the process:
Remember that it is important to follow the instructions given to you by the Trustee carefully in order to ensure that you receive any payments from the program that you may be entitled to.
Further information regarding the WEPP may be found on the Government of Canada website.
Laura Ryback is a Licenced Insolvency Trustee in Winnipeg. To learn more about how MNP Debt can help you, contact any of our local offices at:
Winnipeg (Polo Park) – Resident Office
1661 Portage Avenue, Suite 301,
Winnipeg, MB, R3J 3T7
201 Portage Ave., Suite 2500,
Winnipeg, MB, R3B 3K6
140 Meadowood Drive, Unit 5A,
Winnipeg, MB, R2M 5L8
Our team of Licensed Insolvency Trustees will help you
explore the debt relief options available to you and
together we will find the solution that best fits your
situation. Set up your FREE, no obligation consultation
MNP is committed to protecting your
privacy. We promise to keep all of the information you share
with us confidential.
*310-DEBT doesn’t operate in MB, NW ON and QC.
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