Finance committee  Again, that would be a policy question for my colleagues at ISED to address. Generally, I think that the Canadian insolvency system—

Finance committee  I think the system works quite well in Canada. It's generally very positive and it's the envy of many countries.

Finance committee  Again, I don't have hard numbers on this kind of stuff, because these are people who have not filed yet. In my remarks, I suggested that these are some of the theories we would put out there, but it's hard to say with certainty. I do believe that the courts have not been a facto

Finance committee  I meant not to file, and for creditors not to force a filing. If you have a relationship with a debtor and they may be able to reopen and succeed, then it's probably in your best interest to wait and see if they can do that successfully, rather than to force a denouement right no

Finance committee  I think it's once we get to whatever the future normal state is going to be, with full reopening Canada-wide, when everybody's back to depending on their own incomes and profits for their businesses. That's probably when we'll start to see what the future will hold.

Finance committee  Let me start with your first point. When I looked at other countries to try to find solutions to subprime lending, I didn't at the time find anybody who had actually solved the problem, so I'll add that caveat. In terms of interest rates charged, my belief is that our intake

Finance committee  We have not discussed that aspect at all on our calls so far.

Finance committee  We have a range of data. I'm not sure what you mean. If you're asking about the different reasons for financial difficulty, as I mentioned, that's an open text field, so the number of reasons that we can find is actually endless. The ones I listed are the top five.

Finance committee  There are none that jump to mind. We collect a lot of data on debtors, and a lot of it is available through our statistics.

Finance committee  We would certainly be able to share our data. I think the data almost speaks for itself in terms of the usage, and then the increased usage on a repeat filing basis. I have looked at some other countries that have tried to find solutions to this problem. I think the number one th

Finance committee  I'm trying to remember. I will see if I can pull that up and get back to you.

Finance committee  As I mentioned, engagement with stakeholders has been one of my strategic objectives for the organization. We've increased our dialogue with the licensed insolvency trustee community significantly. This has really helped us be in touch with what's going on on the ground. That is

Finance committee  One measure we're undertaking is an awareness campaign. We are partnering closely with the FCAC on that. We have added a debt solutions portal to our website that is intended to give debtors a full picture of all of their options, whether they have budgeting challenges, whether t

Finance committee  No, there isn't at this stage. The numbers are very low, as I said. However, we do have compliance programs that look at the debtor side as well. If necessary, we will bring debtors in for an examination. If we think they've behaved improperly, we can oppose their discharge. We

Finance committee  The CERB and the CESB for students both had specific wording added in their legislation that they would not be subject to the Bankruptcy and Insolvency Act. This means they will not be treated as income. If you go bankrupt, there's a surplus income provision that looks at your i