You heard right! In November, the Supreme Court of Canada issued a decision stating that any 407 ETR customers that have completed the bankruptcy process and remain in plate denial for pre-bankruptcy amounts. Anyone who had debts discharged through a bankruptcy proceeding can now get their Highway 407 toll debt rolled into it, and no longer be put into licence-plate denial by the toll road.
The Court of Appeal had decided that 407 ETR does NOT have the right to collect outstanding debts against discharged bankrupts or those who have fully performed the terms of their proposal, by having the Ministry refuse to issue you your vehicle permit.
Also, as stated in a news release from 407 ETR, it “will remove from plate denial pre-bankruptcy amounts owed by persons who have been discharged from bankruptcy and who have provided their discharge documents.” They have also undertaken a review of their records and will be in contact with people who have previously informed 407 ETR regarding their bankruptcy and who may be impacted by the decision.
So if you have 407 ETR debts that weren’t included in your bankruptcy, you will be credited those amounts, plus interest and fees incurred on those amounts. And if you’re considering bankruptcy, 407 ETR debts can now be included!
If you’re thinking of filing bankruptcy, contact us today for a free, no-obligation consultation. We’re here to help!
