Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Insolvency » Prime Minister Harper Allows Banks to Abuse Disabled

Prime Minister Harper Allows Banks to Abuse Disabled


Prime Minister Harper is burying the disabled when he refuses to amend bankruptcy law to give priority for disability insurance provided by employers. This decision forces Canadian disabled employees into poverty when their employers go bankrupt. He listens to the Canadian Bankers Association, who has done no research on unsafe disability insurance. Policyholders at insolvent insurance companies get priority over the creditors and this must be the same for employers playing the role of insurer. Where disability insurance is provided by the employer, it must have priority over the creditors at the bankrupt corporation. Disability insurance at insurers has: (1) a requirement for disability income reserves, (2) policyholders are ahead of the creditors at insolvent insurers, and (3) there is Assuris to provide further protection of disability insurance after the insurer has failed. Only the Federal Government can provide priority for disability insurance at both insolvent insurers and employers. The banks should not have a say on what is required for safe disability insurance. The Federal Government needs to provide security for its disabled citizens.

RELATED POSTS:

  1. Insolvency Problems related to Banks Sector Vs. Insurance Sector? Explain why (a) and (b) might be related (a) Insolvency problems have been much worse in the banking and savings...

  2. Rights For Nortel Disabled Employees Group Fighting For Protection of Disability Insurance Canada is not enforcing its laws for the trust accounts specifically created to secure and protect the lives of...

  3. I need help with laws in Washington state having to do with disabled people and modification loans/foreclosure? Is there a law in the state of Washington that states that the bank cannot take away a home or...

  4. what is the eviction process during a foreclosure when two disabled persons are involved? Just curious, we have friends an older couple both disabled, who are currently in foreclosure, they have yet to be...

  5. Episode 2: Sept. 15th Press Conference-Peter: Professional Pack Trounce Disabled Professional Pack in Nortel’s Bankruptcy Proceeding Trounce the Company’s Disabled Employees While Allowing Benefit Trust To Be Drained PETER...

Written by

Filed under: Insolvency · Tags: , , , , , ,

Leave a Reply

Connect with Facebook

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player