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StatuteBankruptcy and Insolvency Act

Section 55 — Bankruptcy and Insolvency Act: Creditors may provide for supervision of debtor’s affairs

Text of the provision Official document

At a meeting to consider a proposal, the creditors, with the consent of the debtor, may include such provisions or terms in the proposal with respect to the supervision of the affairs of the debtor as they may deem advisable.

Official source: laws-lois.justice.gc.ca

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