Lenders Take Note: Consultations Set to Begin on Ontario’s New Coerced Debt Legislation

Kieran Moloney, Sam Billard and Calvin Horsten of Aird & Berlis reveal that the Ontario government will be proceeding with consultations on regulations to support the long-awaited implementation of the Protection from Coerced Debts Incurred in relation to Human Trafficking Act, 2023—a significant piece of legislation aimed at cutting the financial ties binding human trafficking survivors to their abusers—and urge lenders to weigh in on the eventual process that would allow for the discharge of “coerced debts” outside of existing insolvency and debtor-relief mechanisms.

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