Mandatory Financial Counseling For Bankrupts In Canada
A 1994 national study examined the perceived impact of mandatory
counseling for bankrupts in Canada, using a sample of 200 bankrupts
matched
with their trustee or counselor. Most bankrupts felt they received
considerable
or extensive benefit from counseling while trustees tended to have a
more
moderate outlook regarding the benefits. There was congruency between
both
parties on what happened in the counseling sessions but less agreement
on the extent of discussion of the causes leading to insolvency and
legal
and non-legal alternatives. This research provides baseline data on the
experience and perceptions of consumer bankrupts, trustees, and private
counselors in Canada.
Key Words: Financial counseling, Insolvency, Bankruptcy, Canada
1. Sue L.
T. McGregor, Professor,
Faculty of Education, and Coordinator of the Peace and Conflict
Studies program, Mount Saint Vincent University, 166 Bedford Highway,
Halifax, NS B3M 2J6. Canada Phone: (902)457-6385. Fax: (902)457-6455.
Email:
sue.mcgregor@msvu.ca
Professional Web Site
http://www.consultmcgregor.com
2. Ruth Berry, Professor and Dean, Faculty of
Human
Ecology, University of Manitoba, Winnipeg, MB R3T 2N2. Phone:
(204)474-9704.
Fax: (204)275-5299. Email:
rberry@cc.umanitoba.ca
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