Brand Brand New Act Makes Big Changes To Commercial Collection Agency Laws in Brand Brand New Brunswick

Brand Brand New Act Makes Big Changes To Commercial Collection Agency Laws in Brand Brand New Brunswick

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 components of it might be only a little technical, brand brand new legislative modifications were built to New Brunswick’s business collection agencies guidelines, that could affect your relationship along with your creditors.

At the beginning of November, the province of the latest Brunswick introduced the enforcement that is new of Judgments Act (EMJA). The EMJA is a bit of legislation that widens the range of assets that creditors can seize in the province of brand new Brunswick. The work formally arrived into force on December 1, 2019. While there have been amendments that are various to your past guidelines, here you will find the primary features that New Brunswickers should be aware of:

CREDITORS IS NOW ABLE TO GARNISH YOUR WAGES

Historically in brand brand New Brunswick, creditors could perhaps maybe perhaps not garnish the wages of a person unless they certainly were the CRA or the garnishment ended up being for Family Support Payments, such as for instance youngster help. Now aided by the EMJA, any creditor can put on for the judgment by the courts and garnish the wages of a person until the amount is received by them owed in their mind. (more…)