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

Act current to 2025-11-20 and last amended on 2024-12-12. Previous Versions

Marginal note:Duty of bankrupt on conditional discharge

  •  (1) Where an order is granted on terms or conditions or on the bankrupt consenting to judgment, the bankrupt shall, until the terms, conditions or judgment is satisfied,

    • (a) give the trustee such information as he may require with respect to his earnings and after-acquired property and income, and

    • (b) not less than once a year, file in the court and with the trustee a statement verified under oath showing the particulars of any property or income he may have acquired subsequent to the order for his discharge,

    and the trustee or any creditor may require the bankrupt to attend for examination under oath with respect to the facts contained in the statement or with respect to his earnings, income, after-acquired property or dealings.

  • Marginal note:Penalty for failure to comply

    (2) Where the bankrupt fails to give information or to file a statement as required by subsection (1), to attend for examination when required to do so or to answer all questions fully and accurately with respect to his earnings, income, after-acquired property or dealings, the court may on the application of the trustee or of any creditor revoke the order of discharge.

  • Marginal note:Trustee to distribute funds payable under conditional discharge

    (3) Where a conditional order of discharge of a bankrupt is made providing for payment of a further dividend or sum of money by the bankrupt, all payments on account thereof shall be made to the trustee for distribution to the creditors.

  • R.S., c. B-3, s. 146

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