I have to say that from examining the matter, if you wanted a system that covered both insolvency and non-insolvency situations, you would have to have both federal and provincial legislation, the federal legislation dealing with insolvent debtors and the provincial legislation dealing with not-insolvent debtors.
I have worked for many years in the area of debt law, and I wouldn't be optimistic of being able to bring the provinces into the picture in this way. This is simply a personal point of view. I think it would take a considerable amount of time.
The approach we're proposing doesn't prevent a province from setting up trusts that would be effective in a non-bankruptcy situation where the debtor is not insolvent. That would be up to the provinces to do. But I think it's fair to say that the great bulk of problems will arise where the debtor's insolvent and therefore the role of the provinces may not be that significant.