This course covers worker-related considerations that arise when an employer liquidates through formal insolvency proceedings, including important changes affecting pensions passed in 2023.
This course covers worker-related considerations that arise when an employer liquidates through formal insolvency proceedings, including important changes affecting pensions passed in April 2023. The focus is on what workers can expect when they lose their job as a result of their employer’s insolvency and are still owed compensation and benefits. The course covers the treatment of source deductions, workers’ compensation claims, and amounts owed for wages and pensions. It also includes an in-depth review of the federal Wage Earner Protection Program. (This course offers a refresher on material covered in the 2022 Guide to Employer Insolvencies with some new information on recent changes in the treatment of pension claims.)
1 activity • 1 videos • duration: 2h 8m
Law Professor
Dr. Virginia Torrie, JD, LLM, PhD, ICD.D is the Estey Chair in Business Law and Associate Professor at the College of Law, University of Saskatchewan. Her area of expertise is bankruptcy and insolvency law, especially “creditor protection” under the Companies’ Creditors Arrangement Act. She has published two books on business insolvency law, and is the Editor-in-Chief of the Banking & Finance Law Review (www.bflr.ca).
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A good refresher after studying US bankruptcy and Canadian bankruptcy over 30 years ago but not practising in that area.
