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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "allows"

Prime Minister Harper Allows Powerful to Abuse Disabled

Nortel disabled employees asked Prime Minister Stephen Harper to correct an abuse by their employer who provided bogus disability insurance and wrongfully removed $75 million from their health and welfare trust. PM Harper stonewalled them for 18 months, turning down two disability bills using excuses supplied to his government by the insolvency lawyers, bankers and junk bond owners who took the disability insurance of the Nortel disabled. Bankers and bond owners insure their losses with credit default swaps and yet this government assists them to make a higher return by taking the insurance money of the disabled. This money does not rightfully belong to the creditors. Since disabled persons are less than 0.9% of the workforce and the cost of disability insurance is less than 1.5% of payroll, the impact … Read entire article »

Filed under: Insolvency

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 … Read entire article »

Filed under: Insolvency

Anyone know a comprehensive FREE site that allows you to browse foreclosure properties?

Been trying to shop around for foreclosures in my area but every site I find wants to charge a monthly fee. Anyone know of a good site that provides details about the property, photos and pricing info? Help would be much appreciated, thanks. I’m looking for foreclosure postings for the Midland/Bay City/Saginaw tri-city area and its associated counties. None of the local county websites seem to provide the information online via County Clerk’s website or other state government sites or online services. … Read entire article »

Filed under: Foreclosure Help

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