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Much to the astonishment of Canadian finance and insolvency professionals, Bill C-55, an Act to establish the Wage Earner Protection Act, to amend the Bankruptcy and Insolvency Act, and the Companies' Creditors Arrangement Act and to make consequential amendments to other Acts, which makes sweeping changes to Canadian insolvency laws, was rushed into law on 25 November 2005 without any real examination of the Bill or consultation with constituents and immediately before the government was toppled in a non-confidence vote on the same day.

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