moved for leave to introduce Bill C-442, An Act to amend the Bankruptcy and Insolvency Act (additional claims).
Mr. Speaker, as many are aware, there is an injustice that takes place with workers in the event that a company goes bankrupt. Often a fair amount of their pay is not paid out as a result of the bankruptcy. This bill would ensure that severance or termination pay arising under a collective agreement or legislation, benefits and other payments, including payments required to eliminate any unfunded liabilities of pension plans that provide benefits to workers, as well as commissions and compensation owed to contract workers get paid.
(Motions deemed adopted, bill read the first time and printed)