Sentences with phrase «bankrupt under the bankruptcy»

An excerpt taken from sub-section (b) of the code states this in relation to private employment: «No private employer may terminate the employment of, or discriminate with respect to employment against, an individual who is or has been a debtor under this title, a debtor or bankrupt under the Bankruptcy Act...»

Sub-section (b) of the code states this in relation to private employment: «No private employer may terminate the employment of, or discriminate with respect to employment against, an individual who is or has been a debtor under this title, a debtor or bankrupt under the Bankruptcy Act, or an individual associated with such debtor or bankrupt, solely because such debtor or bankrupt

(1) is or has been a debtor under this title or a debtor or bankrupt under the Bankruptcy Act; (2) has been insolvent before the commencement of a case under this title or during the case but before the grant or denial of a discharge; or (3) has not paid a debt that is dischargeable in a case under this title or that was discharged under the Bankruptcy Act.

In partnership with the Ontario Ministry of Labour (MOL), the Commission des normes du travail (CNT) and Revenu Québec (MRQ) filed a petition at the courthouse in Trois - Rivières to have IQT Ltée declared bankrupt under the Bankruptcy and Insolvency Act.

Not exact matches

Alitalia, Italy's perpetually bankrupt flag carrier (literally: the company is presently under bankruptcy protection... for the third time in under a decade) sold all of their aircraft to raise some quick cash, then leased them back at not exactly favorable conditions.

During your bankruptcy, it is an offence under the Bankruptcy and Insolvency Act to obtain credit without disclosing the fact that you are an undischarged bankrupt or in a consumerbankruptcy, it is an offence under the Bankruptcy and Insolvency Act to obtain credit without disclosing the fact that you are an undischarged bankrupt or in a consumerBankruptcy and Insolvency Act to obtain credit without disclosing the fact that you are an undischarged bankrupt or in a consumer proposal.

The Official Receiver, among other things, accepts the documents that are filed in proposals to creditors and personal bankruptcy processes, examines bankrupts under oath and chairs meetings of creditors.

Some advantages bankruptcy protection might offer a bankrupt debtor is that you can obtain an automatic stay which means the mere request for bankruptcy protection automatically stops and brings to a cessation certain lawsuits, foreclosures, utility shut - offs, evictions, repossessions, garnishments, attachments, and debt collection harassment, filing might save your home, you can reschedule secured debts, you can receive protection for co-debtors you can keep all non-exempt property, you can consolidate all your loans under one plan, all or part of your loans may be completely forgiven, and you can extend certain tax obligations, student loans, or other such qualifying debts.

An excerpt taken from sub-section (a) of the code states this in relation to a governmental unit: «a governmental unit may not... deny employment to, terminate the employment of, or discriminate with respect to employment against, a person that is or has been a debtor under this title or a bankrupt or a debtor under the Bankruptcy Act...»

If you go bankrupt under the MAP rules but later have a change in circumstances, your case may be moved onto the standard bankruptcy rules.

If you go bankrupt under other rules, you may be discharged at any time after one year from the date of your bankruptcy.

This means that the effects of your bankruptcy will be as if you went bankrupt under either the apparent insolvency or certificate for sequestration routes.

If you go bankrupt under the MAP rules, your bankruptcy will normally last for six months.

If you go bankrupt under the MAP rules, see the section Minimal asset process (MAP) bankruptcy.

Section Section 178 (1)(g) of the Bankruptcy & Insolvency Act states that an order of discharge does not release a bankrupt from: Any debt or obligation in respect of a loan made under the Canada Student Loans Act, the Canada Student Financial Assistance Act or any enactment of a province that provides for loans or guarantees of loans to students where the date of bankruptcy of the bankruptBankruptcy & Insolvency Act states that an order of discharge does not release a bankrupt from: Any debt or obligation in respect of a loan made under the Canada Student Loans Act, the Canada Student Financial Assistance Act or any enactment of a province that provides for loans or guarantees of loans to students where the date of bankruptcy of the bankruptbankruptcy of the bankrupt occurred:

(g) any debt or obligation in respect of a loan made under the Canada Student Loans Act, the Canada Student Financial Assistance Act or any enactment of a province that provides for loans or guarantees of loans to students where the date of bankruptcy of the bankrupt occurred

Fees in a summary administration are based on a government tariff set our under Rule 128 of the Bankruptcy & Insolvency Act and are based largely on a percentage of realizations in a bankrupt's estate.

What to do if your retail credit card issuer goes bankrupt — Millions of private label cardholders are seeing retailers go into bankruptcy, or worse, go under.

Fifty - two oil companies have already filed for bankruptcy this year, and over one - third of the world's biggest oil and gas companies could end up bankrupt in 2016 under stress from crushing debt loads (over US$ 150 billion) and lacklustre cash flows depressed by low oil prices, according to a recent study by Deloitte.

79 The French Republic considers that, contrary to the view put forward by the Commission, the inapplicability of insolvency and bankruptcy procedures under ordinary law -LSB-...] does not mean that La Poste can not go bankrupt or find itself in a situation of insolvency.

Court of Appeal hearing due April 2016 — in the light of the April 2015 pension flexibilities, this is an important forthcoming decision on whether trustees in bankruptcy can oblige bankrupt individuals to access DC funds under the new flexibilities, to enhance creditors» returns.

• By attempting to extract security deposits or the performance of abandonment obligations on a transfer of AER licenses, the AER was in effect transferring the proprietary value in the bankrupt estate from the underlying real property assets of Redwater (which were interests in its oil and gas properties) to the AER licenses, contrary to the scheme of distribution contemplated under the Bankruptcy and Insolvency Act.

Under the Welfare Reform and Pensions Act 1999 (WRPA 1999), a bankrupt's pension rights in a registered pension scheme are treated differently to most other assets in that they do not vest in a trustee in bankruptcy.

Section 281 (5) provides as follows: «Discharge does not, except to such extent and on such conditions as the court may direct, release the bankrupt from any bankruptcy debt which --(a) consists in a liability to pay damages [of specific types]... in respect of personal injuries to any person; or (b) arises under any order made in family proceedings or under a maintenance calculation made under the Child Support Act 1991.»

1932: The firm works to develop a more efficient mechanism for handling railroad failures and helps produce Section 77 of Chapter VIII of the 1933 Bankruptcy Act, which established the goal of getting the bankrupt company back on its feet with the cooperation of creditors and under the supervision of a trustee.

Under the Bankruptcy and Insolvency Act, the trustee may, under certain circumstances, assign contracts without the consent of the bankrupt's co-contracting counterpUnder the Bankruptcy and Insolvency Act, the trustee may, under certain circumstances, assign contracts without the consent of the bankrupt's co-contracting counterpunder certain circumstances, assign contracts without the consent of the bankrupt's co-contracting counterparty.

In a bankruptcy, insolvency practitioners» powers include the court - sanctioned ability to: interview under compulsion; search and seize property associated with fraud; obtain freezing orders on assets; overturn transfers of assets to third parties; obtain passport orders to prevent bankrupts from leaving the country; and order the delivery up of records.

In addition, under the Bankruptcy and Insolvency Act «s «limited super-priority» provision, the employee's unpaid wage claim is put ahead of secured creditors over the current assets of the bankrupt employer's estate.

Under s. 81.3 of the Bankruptcy and Insolvency Act (BIA), employees of a bankrupt employer had security for wage claims up to $ 2,000 that ranked in priority against current assets above every other claim.

The Wage Earner Protection Program (WEPP) under the Bankruptcy and Insolvency Act provides guaranteed and timely payment of unpaid wages, vacation pay (on or after July 7, 2008), as well as unpaid severance and termination pay to eligible workers (on or after January 27, 2009) whose employers go bankrupt or are in receivership, up to an amount equalling four weeks maximum insurable earnings under the Employment Insurance (EI) Act (currently about $ 3,000).

If the company is not bankrupt, but closed its doors because it is insolvent and has not yet asked for protection from creditors under the Bankruptcy and Insolvency Act, the employee must recover unpaid wages via the Employment Standards Branch of their jurisdiction by filing a complaint.

After that, if the seller wants to undo the sale because the company buying the policy goes bankrupt, he or she can sue under contract law, but bankruptcy typically protects such companies from litigation.

Notwithstanding the terms of a consent order, which provided that a sale of a matrimonial home in which a bankrupt had an interest be postponed until the happening of specified events, it would be open to a court, on an application by his trustee in bankruptcy under s 14 of the Trusts of Land and Appointment of Trustees Act 1996, to make an order for the sale of the property.

When a company is placed in bankruptcy, all the bankrupt's «property» comes under the administration of the bankruptcy trustee.

(3) If, under subsection (2), a bankruptcy trustee is a party to proceedings with respect to the maintenance of a party to a de facto relationship, then, except with the leave of the court, the bankrupt party to the de facto relationship is not entitled to make a submission to the court in connection with any vested bankruptcy property in relation to the bankrupt party.

(1) The applicable Rules of Court may make provision for a bankrupt who becomes a party to a proceeding for an application under section 74, 78, 79 or 79A to give notice of the application to the bankruptcy trustee.

(4) If a bankruptcy trustee is a party to a proceeding before the court, the court may make an order under paragraph (1)(d) directed to the bankrupt.

(1A) For the purposes of subsection (1), if the bankruptcy trustee of a bankrupt party to a marriage applies under section 139A of the Bankruptcy Act 1966 for an order under Division 4A of Part VI of that Act, proceedings relating to that application are taken to be proceedings under this Act in relation to thebankruptcy trustee of a bankrupt party to a marriage applies under section 139A of the Bankruptcy Act 1966 for an order under Division 4A of Part VI of that Act, proceedings relating to that application are taken to be proceedings under this Act in relation to theBankruptcy Act 1966 for an order under Division 4A of Part VI of that Act, proceedings relating to that application are taken to be proceedings under this Act in relation to the marriage.

(2) The liability under subsection (1) of a bankrupt party to a marriage to maintain the other party may be satisfied, in whole or in part, by way of the transfer of vested bankruptcy property in relation to the bankrupt party if the court makes an order under this Part for the transfer.

In stark contrast, the first bankruptcy laws in England (passed in 1542 under Henry VIII, he of the many wives) treated the bankrupt person as a criminal.