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

Act current to 2026-05-26 and last amended on 2026-03-26. Previous Versions

Marginal note:Application to court

  •  (1) Where a consumer proposal is accepted or deemed accepted by the creditors, the administrator shall, if requested by the official receiver or any other interested party within fifteen days after the day of acceptance or deemed acceptance, forthwith apply to the court to have the consumer proposal reviewed.

  • Marginal note:Where consumer proposal deemed approved by court

    (2) Where, at the expiration of the fifteenth day after the day of acceptance or deemed acceptance of the consumer proposal by the creditors, no obligation has arisen under subsection (1) to apply to the court, the consumer proposal is deemed to be approved by the court.

  • 1992, c. 27, s. 32
  • 1997, c. 12, s. 51

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