Thank you for your question.
This bill will have many implications for the government.
First, the passage of the bill would affect the insolvency system in Canada. One of the government's roles is to manage that system. If a more significant change were made to the system, as proposed in the bill, there would be some implications for creditor communications and for the ongoing analyses of the impact on the financial sector, small and medium‑sized businesses and creditors.
Second, the government is also a creditor in certain insolvency cases. This bill establishes implications for each type of creditor. These types of changes to the legislation would have a significant impact because the government is sometimes an unsecured creditor.
In short, this bill would have two implications for the government. The first concerns its role in managing the insolvency system [Inaudible—Editor] and the second concerns its role as a creditor.