Mr. Speaker, I have two petitions today.
Since last April, I have been working with residents in my community who are former employees of Nortel and who continue to fight for pension fairness. These pensioners call upon Parliament to amend the Company Creditors Arrangement Act and the Bankruptcy and Insolvency Act to protect the rights of all Canadian employees and to ensure that employees laid off by a company and who receive a pension or long-term disability benefits during bankruptcy proceedings obtain preferred creditor status over all other unsecured creditors.
They also ask that the Bankruptcy and Insolvency Act be amended to ensure that employee-related claims are paid from the proceeds of Canadian asset sales before funds are permitted to leave the country.