2025-06-30
How do I respond to creditors?
Credit Counselling
Here are the ABC’s of dealing with creditors and debt collectors.
2009-04-13
Author: Michelle Scheller
We are frequently asked if a claim by Saskatchewan Government Insurance will be released in a bankruptcy, or proposal. The short answer is yes, but there are some twists that require further explanation.
SGI assesses people who are uninsured for any reason if they are involved in an accident and cause damages. The assessment is not a court order for restitution, but is simply a determination by SGI as to the amount of the damages.
Assuming the individual accepts this assessment, then SGI requires that payments be made towards it or they will refuse to issue a drivers license to that person. If that person files bankruptcy the debt owing to SGI will be discharged at the end of the bankruptcy process but SGI takes the position that, until that discharge has happened, they will still require payments if the individual wants a drivers license.
Furthermore, SGI has taken to getting individuals to sign agreements acknowledging the debt and further agreeing that the debt will survive a bankruptcy or proposal. There are certain debts that do survive a bankruptcy that are set out in Section 178 of the Bankruptcy and Insolvency (Alimony, Child Support, Student Loans etc.) and SGI is having individuals agree that their debt to SGI falls in the category.
If a person has executed such an agreement SGI would have a very good argument that the debt would survive and we would recommend that an individual in such a case seek legal advice before proceeding.
As always, please do not hesitate to call us if you require further information or wish to discuss the above.
2025-06-30
Credit Counselling
Here are the ABC’s of dealing with creditors and debt collectors.
2025-06-30
Lifestyle Debt Debt Solutions
Eight times a year, the Bank of Canada will make an announcement on the key interest rate, and if projections are correct, we are going to see interest rates rise. You could be thinking, what does that mean, how will it affect me, what can I do?
2025-06-25
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.