C-228
First Session, Thirty-ninth Parliament,
55 Elizabeth II, 2006
HOUSE OF COMMONS OF CANADA
BILL C-228
An Act to amend the Bankruptcy and Insolvency Act (student loans)
first reading, April 26, 2006
NOTE
2nd Session, 39th Parliament
This bill was introduced during the First Session of the 39th Parliament. Pursuant to the Standing Orders of the House of Commons, it is deemed to have been considered and approved at all stages completed at the time of prorogation of the First Session. The number of the bill remains unchanged.
Ms. McDonough
391128
SUMMARY
This enactment amends the Bankruptcy and Insolvency Act to reduce, from ten to two years after a bankrupt leaves school, the period of time during which an order of discharge does not release the bankrupt from the reimbursement of his or her student loan.
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1st Session, 39th Parliament,
55 Elizabeth II, 2006
house of commons of canada
BILL C-228
An Act to amend the Bankruptcy and Insolvency Act (student loans)
R.S., c. B-3; 1992, c. 27, s. 2
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
1. (1) Subparagraph 178(1)(g)(ii) of the Bankruptcy and Insolvency Act is replaced by the following:
(ii) within two years after the date on which the bankrupt ceased to be a full- or part-time student; or
(2) The portion of subsection 178(1.1) of the Act before paragraph (a) is replaced by the following:
Court may
order non-application of subsection (1)
(1.1) At any time after two years after a bankrupt who has a debt referred to in paragraph (1)(g) ceases to be a full- or part-time student, as the case may be, under the applicable Act or enactment, the court may, on application, order that subsection (1) does not apply to the debt if the court is satisfied that
Published under authority of the Speaker of the House of CommonsAvailable from:Publishing and Depository ServicesPublic Works and Government Services Canada