CAIRP Issues Statement Regarding 4 Pillars Debt Consulting
CAIRP Issues Statement Regarding 4 Pillars Debt Consulting
Pearce v. 4 Pillars Consulting Group Inc.
On October 29th, the British Columbia Supreme Court certified a Class Action against 4 Pillars Consulting Group Inc. and Full Circle Debt Solutions Inc. Justice Mayer decided that all allegations made against the defendants were proper allegations to be certified, meaning that they qualify as class proceedings that can proceed to trial. It should be noted that the defendants are entitled a right to appeal Justice Mayer’s decision to the British Columbia Court of Appeal. They have 30 days following the issuance of the decision to initiate the appeal.
In both proceedings, it is alleged that the business models of the defendants provided debt restructuring services in breach of both the Business Practices and Consumer Protection Act, S.B.C. 2004, c. 2 [BPCPA] and its regulation, the Debt Collection and Repayment Regulation, B.C. Reg. 295/2004 [DCRR], and the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 [BIA]…