Excerpts from the Bankruptcy and Insolvency Act - Canada

The law requires that any individual considering bankruptcy or a proposal must review certain sections of the bankruptcy and Insolvency Act. Those exceptions are provided below. One of the trustees or administrators at Alger & Associates Inc. would be happy to discuss or explain this information further to you.

• Duties of Bankrupts - Section 158
  
  

• Property of Bankrupty - Section 67(1)
  
  

• Debts not released by Order of Discharge - Section 178
  
  

• Bankruptcy Offences - Section 198
  
  

• Failure to Disclose Fact of Being an Undischarged Bankrupt - Section 199
  
  

• Bankruptcy Failing to Keep Proper Books of Account - Section 200