can bankruptcy be annulled for a consumer proposal?
April 15th, 2015 by Questions
Can a bankruptcy be annulled and a consumer proposal submitted in place of bankruptcy in Ontario?
One Response to “can bankruptcy be annulled for a consumer proposal?”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
April 15, 2015 at 12:07 pm, Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P said:
A consumer debtor can, by definition, include a bankrupt. As such a consumer proposal can be filed by a consumer debtor. Section 66.4(2)(d) of the Bankruptcy and Insolvency Act states “The approval or deemed approval by the court of the consumer proposal operates to annul the bankruptcy…”