GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Bankruptcy and Insolvency Act — B-3 66.13
Commencement of proceedings 66.13 (1) A consumer debtor who wishes to make a consumer proposal shall commence proceedings by (a) obtaining the assistance of an administrator in preparing the consumer proposal; and (b) providing the administrator with the prescribed information on the consumer debtor’s current financial situation. Duties of administrator (2) An administrator who agrees to assist a consumer debtor shall (a) investigate, or cause to be investigated, the consumer debtor’s property and financial affairs so as to be able to assess with reasonable accuracy the consumer debtor’s financial situation and the cause of his insolvency; (b) provide, or provide for, counselling in accordance with directives issued by the Superintendent pursuant to paragraph 5(4)(b); (c) prepare a consumer proposal in the prescribed form; and (d) subject to subsection (3), file with the official receiver a copy of the consumer proposal, signed by the consumer debtor, and the prescribed statement of affairs. Where consumer proposal not to be filed (3) The administrator shall not file a consumer proposal under paragraph (2)(d) if he has reason to believe that (a) the debtor is not eligible to make a consumer proposal; or (b) there has been non-compliance with anything required by this section or section 66.12. Where consumer proposal wrongly filed (4) Where the administrator determines, after filing a consumer proposal under paragraph (2)(d), that it should not have been filed because the debtor was not eligible to make a consumer proposal, the administrator shall forthwith so inform the creditors and the official receiver, but the consumer proposal is not invalid by reason only that the debtor was not eligible to make the consumer proposal. 1992, c. 27, s. 32; 1999, c. 31, s. 21(E); 2005, c. 47, s. 48
Bankruptcy and Insolvency Act — B-3 66.14
Duties of administrator 66.14 The administrator shall, within ten days after filing a consumer proposal with the official receiver, (a) prepare and file with the official receiver a report in the prescribed form setting out (i) the results of the investigation made under paragraph 66.13(2)(a), (ii) the administrator’s opinion as to whether the consumer proposal is reasonable and fair to the consumer debtor and the creditors, and whether the consumer debtor will be able to perform it, and (iii) [Repealed, 2005, c. 47, s. 49] (iv) a list of the creditors whose claims exceed two hundred and fifty dollars; and (b) send to every known creditor, in the prescribed form and manner, (i) a copy of the consumer proposal and a copy of the statement of affairs referred to in paragraph 66.13(2)(d), (ii) a copy of the report referred to in paragraph (a), (iii) a form of proof of claim as prescribed, and (iv) a statement explaining that a meeting of creditors will be called only if required under section 66.15 and that a review of the consumer proposal by a court will be made only if it is requested in accordance with subsection 66.22(1). 1992, c. 27, s. 32; 1997, c. 12, s. 47; 2005, c. 47, s. 49
Bankruptcy and Insolvency Act — B-3 66.15
Meeting of creditors 66.15 (1) The official receiver may, at any time within the forty-five day period following the filing of the consumer proposal, direct the administrator to call a meeting of creditors. Idem (2) The administrator shall call a meeting of creditors (a) forthwith after being so directed by the official receiver under subsection (1), or (b) at the expiration of the forty-five day period following the filing of the consumer proposal, if at that time creditors having in the aggregate at least twenty-five per cent in value of the proven claims have so requested, and any meeting of creditors must be held within twenty-one days after being called. Notice to be sent to creditors (3) The administrator shall, at least ten days before a meeting called pursuant to this section, send to the consumer debtor, every known creditor and the official receiver, in the prescribed form and manner, a notice setting out (a) the time and place of the meeting; (b) a form of proxy as prescribed; and (c) such other information and documentation as is prescribed. 1992, c. 27, s. 32; 1997, c. 12, s. 48
Bankruptcy and Insolvency Act — B-3 66.16
Chair of meeting 66.16 (1) The official receiver, or the nominee thereof, shall be the chair of a meeting called pursuant to section 66.15 and subsection 66.37(1) and shall decide any questions or disputes arising at the meeting, and any creditor may appeal any such decision to the court. Adjournment of meeting for further investigation and examination (2) Where the creditors by ordinary resolution at the meeting so require, the meeting shall be adjourned to such time and place as may be fixed by the chair (a) to enable a further appraisal and investigation of the affairs and property of the consumer debtor to be made; or (b) for the examination under oath of the consumer debtor or of such other person as may be believed to have knowledge of the affairs or property of the consumer debtor, and the testimony of the consumer debtor or such other person, if transcribed, shall be placed before the adjourned meeting or may be read in court on the application, if any, for the approval of the consumer proposal. 1992, c. 27, s. 32; 2005, c. 47, s. 123(E)
Bankruptcy and Insolvency Act — B-3 66.17
Creditor may indicate assent or dissent 66.17 (1) Any creditor who has proved a claim may indicate assent to or dissent from the consumer proposal in the prescribed manner to the administrator at or prior to a meeting of creditors, or prior to the expiration of the forty-five day period following the filing of the consumer proposal. Effect of assent or dissent (2) Unless it is rescinded, any assent or dissent received by the administrator at or before a meeting of creditors has effect as if the creditor had been present and had voted at the meeting. 1992, c. 27, s. 32; 1997, c. 12, s. 49; 2005, c. 47, s. 50
Bankruptcy and Insolvency Act — B-3 66.18
Where consumer proposal deemed accepted 66.18 (1) Where, at the expiration of the forty-five day period following the filing of the consumer proposal, no obligation has arisen under subsection 66.15(2) to call a meeting of creditors, the consumer proposal is deemed to be accepted by the creditors. Idem (2) Where there is no quorum at a meeting of creditors, the consumer proposal shall be deemed to be accepted by the creditors. 1992, c. 27, s. 32; 1997, c. 12, s. 50
Bankruptcy and Insolvency Act — B-3 66.19
Voting on consumer proposal 66.19 (1) At a meeting of creditors, the creditors may by ordinary resolution, voting all as one class, accept or refuse the consumer proposal as filed or as altered at the meeting or any adjournment thereof, subject to the rights of secured creditors. Related creditor (2) A creditor who is related to the consumer debtor may vote against but not for the acceptance of the consumer proposal. Voting by administrator (3) The administrator, as a creditor, may not vote on the consumer proposal. 1992, c. 27, s. 32
Bankruptcy and Insolvency Act — B-3 66.2
Creditors may provide for supervision of consumer debtor’s affairs 66.2 The creditors, with the consent of the consumer debtor, may include such provisions or terms in the consumer proposal with respect to the supervision of the affairs of the consumer debtor as they may deem advisable. 1992, c. 27, s. 32
Bankruptcy and Insolvency Act — B-3 66.21
Appointment of inspectors 66.21 The creditors may appoint up to three inspectors of the estate of the consumer debtor, who shall have the powers of an inspector under this Act, subject to any extension or restriction of those powers by the terms of the consumer proposal. 1992, c. 27, s. 32
Bankruptcy and Insolvency Act — B-3 66.22
Application to court 66.22 (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. 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
Bankruptcy and Insolvency Act — B-3 66.23
Procedure for application to court 66.23 Where the administrator applies to the court pursuant to subsection 66.22(1), the administrator shall (a) send a notice of the hearing of the application, in the prescribed manner and at least fifteen days before the date of the hearing, to the consumer debtor, to every creditor who has proved a claim and to the official receiver; (b) forward a copy of the report referred to in paragraph (c) to the official receiver at least ten days before the date of the hearing; and (c) at least two days before the date of the hearing, file with the court a report in the prescribed form on the consumer proposal and the conduct of the consumer debtor. 1992, c. 27, s. 32; 1997, c. 12, s. 52
Bankruptcy and Insolvency Act — B-3 66.24
Court to hear report of administrator, etc. 66.24 (1) The court shall, before approving the consumer proposal, hear the report mentioned in paragraph 66.23(c) and, in addition, shall hear the official receiver, the administrator, the consumer debtor, any opposing, objecting or dissenting creditor or other interested party, and such further evidence as the court may require. Refusal to approve the consumer proposal (2) Where the court is of the opinion that the terms of the consumer proposal are not reasonable or are not fair to the consumer debtor and the creditors, the court shall refuse to approve the consumer proposal, and the court may refuse to approve the consumer proposal whenever it is established that the consumer debtor (a) has committed any one of the offences mentioned in sections 198 to 200; or (b) was not eligible to make a consumer proposal when the consumer proposal was filed with the official receiver. Proposal must comply with Act (3) The court shall refuse to approve a consumer proposal if it does not comply with subsections 66.12(5) and (6). Power of court (4) Subject to subsections (1) to (3), the court may either approve or refuse to approve the consumer proposal. 1992, c. 27, s. 32
Bankruptcy and Insolvency Act — B-3 66.25
Withdrawal of consumer proposal 66.25 A consumer debtor may withdraw a consumer proposal (a) at any time before its deemed approval by the court by virtue of subsection 66.22(2), where no court review is requested; or (b) where a court review is requested, at any time before its actual approval or refusal by the court pursuant to section 66.24. 1992, c. 27, s. 32
Bankruptcy and Insolvency Act — B-3 66.251
Where periodic payments not provided for 66.251 Where a proposal is approved or deemed approved by the court and the terms of the proposal do not provide for the distribution of available moneys at least once every three months, the administrator shall forthwith, upon ascertaining any change in the consumer debtor’s circumstances that leads the administrator to conclude, after consultation with the debtor where practicable, that such change could jeopardize the consumer debtor’s ability to meet the terms of the proposal, in writing, notify the official receiver and every known creditor of the change. 1997, c. 12, s. 53
Bankruptcy and Insolvency Act — B-3 66.26
Payments to administrator 66.26 (1) All moneys payable under the consumer proposal shall be paid to the administrator and, after payment of all fees and expenses mentioned in paragraph 66.12(6)(b), the administrator shall distribute available moneys to the creditors in accordance with the terms of the consumer proposal. Deposit of moneys (2) In such circumstances as are specified in directives of the Superintendent and with the approval of the Superintendent, the administrator may deposit all moneys relating to the administration of consumer proposals in a single trust account. Section 147 applies (3) Section 147 applies, with such modifications as the circumstances require, to all distributions made to the creditors by the administrator pursuant to subsection (1). 1992, c. 27, s. 32; 1997, c. 12, s. 54
Bankruptcy and Insolvency Act — B-3 66.27
Notifications 66.27 The administrator shall, within five days after (a) the refusal of a consumer proposal by the creditors, (b) the refusal of a consumer proposal by the court, and (c) the withdrawal of a consumer proposal by the consumer debtor, so notify in the prescribed form and manner the consumer debtor, every known creditor and the official receiver. 1992, c. 27, s. 32; 1997, c. 12, s. 55
Bankruptcy and Insolvency Act — B-3 66.28
Time for determining claims 66.28 (1) The time with respect to which the claims of creditors shall be determined is the time of the filing of the consumer proposal. On whom approval binding (2) Subject to subsection (2.1), a consumer proposal accepted, or deemed accepted, by the creditors and approved, or deemed approved, by the court is binding on creditors in respect of (a) all unsecured claims; and (b) secured claims for which proofs of claim have been filed in the manner provided for in sections 124 to 134. When consumer debtor is released from debt (2.1) A consumer proposal accepted, or deemed accepted, by the creditors and approved, or deemed approved, by the court does not release the consumer debtor from any particular debt or liability referred to in subsection 178(1) unless the consumer proposal explicitly provides for the compromise of that debt or liability and the creditor in relation to that debt or liability voted for the acceptance of the consumer proposal. Certain persons not released (3) The acceptance of a consumer proposal by a creditor does not release any person who would not be released under this Act by the discharge of the consumer debtor. 1992, c. 27, s. 32; 2005, c. 47, s. 51; 2007, c. 36, s. 29
Bankruptcy and Insolvency Act — B-3 66.29
Administrator may issue certificate 66.29 (1) If a consumer proposal is approved or deemed approved by the court, the administrator may, if the administrator believes on reasonable grounds that the debtor owns land or other valuable property, issue a certificate in respect of the proposal, and may cause the certificate to be filed in any place where a certificate of judgment, writ of seizure and sale or other like document may be filed or where a legal hypothec of judgment creditors may be registered. Effect of filing certificate (2) A certificate filed under subsection (1) operates as a certificate of judgment, writ of execution or legal hypothec of judgment creditors until the proposal is fully performed. 1992, c. 27, s. 32; 2004, c. 25, s. 40
Bankruptcy and Insolvency Act — B-3 66.3
Annulment of consumer proposal 66.3 (1) Where default is made in the performance of any provision in a consumer proposal, or where it appears to the court (a) that the debtor was not eligible to make a consumer proposal when the consumer proposal was filed, (b) that the consumer proposal cannot continue without injustice or undue delay, or (c) that the approval of the court was obtained by fraud, the court may, on application, with such notice as the court may direct to the consumer debtor and, if applicable, to the administrator and to the creditors, annul the consumer proposal. Validity of things done (2) An order made under subsection (1) shall be made without prejudice to the validity of any sale, disposition of property or payment duly made, or anything duly done under or in pursuance of the consumer proposal, and notwithstanding the annulment of the consumer proposal, a guarantee given pursuant to the consumer proposal remains in full force and effect in accordance with its terms. Annulment for offence (3) A consumer proposal, although accepted or approved, may be annulled by order of the court at the request of the administrator or of any creditor whenever the consumer debtor is afterwards convicted of any offence under this Act. Notification of annulment (4) Where an order annulling the consumer proposal of a consumer debtor who is not a bankrupt has been made pursuant to this section, the administrator shall forthwith so inform the creditors and file a report thereof in the prescribed form with the official receiver. Annulment effect (5) Where a consumer proposal made by a bankrupt is annulled, (a) the consumer debtor is deemed on the annulment to have made an assignment and the order annulling the proposal shall so state; (b) the trustee who is the administrator of the proposal shall, within five days after the order is made, send notice of the meeting of creditors under section 102, at which meeting the creditors may by ordinary resolution, notwithstanding section 14, affirm the appointment of the trustee or appoint another trustee in lieu of that trustee; and (c) the trustee shall forthwith file a report thereof in the prescribed form with the official receiver, who shall thereupon issue a certificate of assignment in the prescribed form, which has the same effect for the purposes of this Act as an assignment filed pursuant to section 49. 1992, c. 27, s. 32; 1997, c. 12, s. 56
Bankruptcy and Insolvency Act — B-3 66.31
s filed during the period referred to in subsection (6), the administrator is to send, without delay, to the official receiver and to each creditor a notice in the prescribed form informing them that the consumer proposal is not going to be automatically revived on the expiry of that period. Administrator may apply to court to revive consumer proposal (9) The administrator may at any time apply to the court, with notice to the official receiver and the creditors, for an order reviving any consumer proposal of a consumer debtor who is not a bankrupt that was deemed to be annulled, and the court, if it considers it appropriate to do so in the circumstances, may make an order reviving the consumer proposal, on any terms that the court considers appropriate. Duty of administrator if consumer proposal is revived (10) Without delay after a consumer proposal is revived, the administrator shall (a) file with the official receiver a report in the prescribed form in relation to the revival; and (b) send a notice to the creditors informing them of the revival. Validity of things done before revival (11) The revival of a consumer proposal does not prejudice the validity of anything duly done — between the day on which the consumer proposal is deemed to be annulled and the day on which it is revived — by a creditor in the exercise of any rights revived by subsection 66.32(2). 1992, c. 27, s. 32; 2005, c. 47, s. 52; 2007, c. 36, s. 30
Bankruptcy and Insolvency Act — B-3 66.32
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). 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. 1992, c. 27, s. 32; 2005, c. 47, s. 53(F)
Bankruptcy and Insolvency Act — B-3 66.35
Assignment of wages 66.35 (1) An assignment of existing or future wages made by a consumer debtor before the filing of a consumer proposal is of no effect in respect of wages earned after the filing of the consumer proposal. Assignment of debts at request of administrator (2) In order to ensure compliance with the terms of a consumer proposal, the administrator may, at any time after the consumer proposal is filed, require of, and take from, the consumer debtor an assignment of any amount payable to the consumer debtor, including wages, that may become payable in the future, but no such assignment can, unless the consumer debtor agrees, be for an amount greater than is due and payable pursuant to the terms of the consumer proposal. Third parties protected (3) An assignment made pursuant to subsection (2) is of no effect against a person owing the amount payable until a notice of the assignment is served on that person. When section ceases to apply (4) This section ceases to apply where the consumer proposal is refused by the creditors or by the court, or is withdrawn, annulled or deemed annulled. 1992, c. 27, s. 32; 1997, c. 12, s. 57
Bankruptcy and Insolvency Act — B-3 66.36
No dismissal, etc., of employee 66.36 No employer shall dismiss, suspend, lay off or otherwise discipline a consumer debtor on the sole ground that a consumer proposal has been filed in respect of that consumer debtor. 1992, c. 27, s. 32
Bankruptcy and Insolvency Act — B-3 66.37
Amendment to consumer proposal 66.37 If an administrator files an amendment to a consumer proposal before the withdrawal, refusal, approval or deemed approval by the court of the consumer proposal, or after the approval or deemed approval by the court of the consumer proposal and before it has been fully performed or annulled or deemed annulled, the provisions of this Division apply to the consumer proposal and the amended consumer proposal, with any modifications that the circumstances require, and, for that purpose, the definition consumer debtor in section 66.11 is to be read as follows: consumer debtor means an individual who is insolvent; 1992, c. 27, s. 32; 2005, c. 47, s. 56
Bankruptcy and Insolvency Act — B-3
consumer debtor means an individual who is insolvent;
Bankruptcy and Insolvency Act — B-3 66.38
Certificate if consumer proposal performed 66.38 (1) If a consumer proposal is fully performed, the administrator shall issue a certificate to that effect, in the prescribed form, to the consumer debtor and to the official receiver. Effect if counselling refused (2) Subsection (1) does not apply in respect of a consumer debtor who has refused or neglected to receive counselling provided under paragraph 66.13(2)(b). 1992, c. 27, s. 32; 2005, c. 47, s. 56
Bankruptcy and Insolvency Act — B-3 66.39
Administrator’s accounts, discharge 66.39 The form and content of the administrator’s accounts, the procedure for the preparation and taxation of those accounts and the procedure for the discharge of the administrator shall be as prescribed. 1992, c. 27, s. 32
Bankruptcy and Insolvency Act — B-3 66.4
Act to apply 66.4 (1) All the provisions of this Act, except Division I of this Part, in so far as they are applicable, apply, with such modifications as the circumstances require, to consumer proposals. Where consumer debtor is bankrupt (2) Where a consumer proposal is made by a consumer debtor who is a bankrupt, (a) the consumer proposal must be approved by the inspectors, if any, before any further action is taken thereon; (b) the consumer debtor must have obtained the assistance of a trustee who shall act as administrator of the proposal in the preparation and execution thereof; (c) the time with respect to which the claims of creditors shall be determined is the time at which the consumer debtor became bankrupt; and (d) the approval or deemed approval by the court of the consumer proposal operates to annul the bankruptcy and to revest in the consumer debtor, or in such other person as the court may approve, all the right, title and interest of the trustee in the property of the consumer debtor, unless the terms of the consumer proposal otherwise provide. 1992, c. 27, s. 32; 1997, c. 12, s. 58
Bankruptcy and Insolvency Act — B-3 67
rovince or any other law, deemed to have the same effect and scope against any creditor, however secured, as the corresponding federal provision. R.S., 1985, c. B-3, s. 67; 1992, c. 27, s. 33; 1996, c. 23, s. 168; 1997, c. 12, s. 59; 1998, c. 19, s. 250; 2005, c. 47, s. 57; 2007, c. 36, s. 32 2019, c. 29, s. 134