BC’s collection process is set for a major shake-up. Learn how the new Money Judgment Enforcement Act will change judgment enforcement in BC, and what it means for creditors once it comes into force.
In this final post of this series, we talk about the future of collection efforts in BC.
As you may have gathered from the previous posts, collection in BC can be a time consuming, and uncertain, process.
In 2023, the BC Legislature created the Money Judgment Enforcement Act, which is meant to streamline this process.
This act is an attempt to modernize and streamline the collection process. It creates a registry which requires creditors to register their judgments before commencing collection and enforcement. This allows people to search the registry to see the status of a judgment debtor’s other debts.