The decree of the bankruptcy court which terminates the bankruptcy proceedings is generally a discharge that releases the debtor from most debts. A bankruptcy court may refuse to grant a discharge under certain conditions.
The decree of the bankruptcy court which terminates the bankruptcy proceedings is generally a discharge that releases the debtor from most debts. A bankruptcy court may refuse to grant a discharge under certain conditions.
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If your bankruptcy trustee opposes your discharge, you will need to attend a court hearing and explain to the bankruptcy judge why you did not meet one or more of your obligations. They will then assess your case and decide how to proceed.
The answer is yes, creditors benefit from a certain degree of protection under the bankruptcy law and they are allowed to require debtors to file for bankruptcy. Nonetheless, the circumstances in which one would be forced by creditors to file for involuntary bankruptcy are limited.
A debtor may apply to the Court to challenge (oppose) a bankruptcy notice before the time for compliance with the notice has finished. The debtor can apply to challenge a bankruptcy notice if: there is a defect in the bankruptcy notice. the debt on which the bankruptcy notice is based does not exist.
A trustee's or creditor's objection to the debtor being released from personal liability for certain dischargeable debts. Common reasons include allegations that the debt to be discharged was incurred by false pretenses or that debt arose because of the debtor's fraud while acting as a fiduciary.
The procedure when a discharge is opposed When a discharge is opposed the court reviews the details of the opposition. The registrar will then set a time for a hearing. The challenger and the debtor and if desired their lawyers will attend the hearing. The registrar will provide a written decision.
No one can prevent a person from filing bankruptcy but a bankrupt's discharge can be opposed by the Office of the Superintendent of bankruptcy, a creditor or the trustee.
Notice of opposition to discharge This occurs if the bankrupt has not met all of his/her obligations. It can likewise happen if the insolvent has committed a bankruptcy offense. Those are acts provided in Section 173 (1) of the Bankruptcy and Insolvency Act (Canada) (BIA).
An Objection to Discharge is a motion by a creditor to a bankruptcy court asking the court not to discharge a person's specific debt owed to that creditor. If the court grants the motion, the debt is not discharged in bankruptcy and remains due.