Bankruptcy and Insolvency Act

Version of section 157.1 from 2009-09-18 to 2014-06-12:

Marginal note:Counselling
  •  (1) The trustee

    • (a) shall provide, or provide for, counselling for an individual bankrupt, and

    • (b) may provide, or provide for, counselling for a person who, as specified in directives of the Superintendent, is financially associated with an individual bankrupt,

    in accordance with directives issued by the Superintendent pursuant to paragraph 5(4)(b), and the estate of the bankrupt shall pay the costs of the counselling, as costs of administration of the estate, according to the prescribed tariff.

  • Marginal note:Idem

    (2) Where counselling is provided by a trustee to a debtor who is not a bankrupt, that counselling must be provided in accordance with directives issued by the Superintendent pursuant to paragraph 5(4)(b).

  • Marginal note:Effect on automatic discharge

    (3) Subsection 168.1(1) does not apply to an individual bankrupt who has refused or neg­lected to receive counselling under subsection (1).

  • 1992, c. 27, s. 58;
  • 1997, c. 12, s. 93;
  • 2005, c. 47, s. 96.