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Bankruptcy and Insolvency Act (R.S.C., 1985, c. B-3)

Act current to 2024-03-06 and last amended on 2023-04-27. Previous Versions

Marginal note:Trustee not obliged to carry on business

 The trustee is not under obligation to carry on the business of the bankrupt where in his opinion the realizable value of the property of the bankrupt is insufficient to protect him fully against possible loss occasioned by so doing and the creditors or inspectors, on demand made by the trustee, neglect or refuse to secure him against such possible loss.

  • R.S., c. B-3, s. 15

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