Mr. Wiseman, nobody goes from being 30 days in arrears to bankruptcy. It just doesn't happen that way. There's a process to declare bankruptcy. Even according to the Chartered Professional Accountants of Canada, the process will take about 45 days. That's coming from accountants.
Where is the disconnect between how the banks interpret and how your organization interprets how this bill works? We have heard testimony from other witnesses and we have not had this issue brought up. In fact, I haven't heard from anybody in industry who has this issue or who believes that the banks would interpret this....
If you look at the U.S., it's not a problem in the U.S., and they operate with the same kind of legislation as what we have here.
I haven't seen any comments from the banks on this at all. It's just coming from you. If it does not make sense that a bank would no longer finance your receivables with only a five-day crossover, unless too much money has been borrowed and there are no assets....
Is this a unique situation, maybe specifically with your bank? Why are you the only business that seems to have this concern? Even organizations have not brought up this concern, including the CPMA here today.