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

Marginal note:Effects of annulment

• 66.32 (1) Unless the court otherwise orders, where a consumer proposal is annulled or deemed annulled, the consumer debtor

  • (a) may not make another consumer proposal, and

  • (b) is not entitled to any relief provided by sections 69 to 69.2

  until all claims for which proofs of claim were filed and accepted are either paid in full or are extinguished by the operation of subsection 178(2).

• Marginal note:Idem

  (2) Where a consumer proposal is annulled or deemed annulled, the rights of the creditors are revived for the amount of their claims less any dividends received.