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Bankruptcy and Insolvency General Rules (C.R.C., c. 368)

Regulations are current to 2025-10-28 and last amended on 2011-03-25. Previous Versions

  •  (1) As soon as the following documents are filed with the official receiver, the trustee shall file a copy of them with the court:

    • (a) the proposal;

    • (b) the cash-flow statement, the report on the reasonableness of the cash-flow statement and the report containing the representations by the insolvent person, required by paragraphs 50(6)(a), (b) and (c), respectively, of the Act;

    • (c) the material adverse change report required by subparagraph 50(10)(a)(i) of the Act;

    • (d) the report on the state of the insolvent person’s business and financial affairs required by paragraph 50(10)(b) of the Act;

    • (e) the notice of intention referred to in subsection 50.4(1) of the Act;

    • (f) the cash-flow statement required by paragraph 50.4(2)(a) of the Act;

    • (g) the report on the reasonableness of the cash-flow statement, required by paragraph 50.4(2)(b) of the Act;

    • (h) the report containing the representations by the insolvent person required by paragraph 50.4(2)(c) of the Act;

    • (i) the material adverse change report required by subparagraph 50.4(7)(b)(i) of the Act; and

    • (j) the notice of the meeting of creditors required by paragraph 51(1)(a) of the Act.

  • (2) For the purposes of paragraphs 50(6)(c) and 50.4(2)(c) of the Act, the representations are as follows:

    The hypothetical assumptions are reasonable and consistent with the purpose of the projection described in Note blank line, and the probable assumptions are suitably supported and consistent with the plans of the insolvent person and provide a reasonable basis for the projection. All such assumptions are disclosed in Notes blank line

    Since the projection is based on assumptions regarding future events, actual results will vary from the information presented, and the variations may be material.

    The projection has been prepared solely for the purpose described in Note blank line, using a set of probable and hypothetical assumptions set out in Notes blank line Consequently, readers are cautioned that it may not be appropriate for other purposes.

  • SOR/98-240, s. 1

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