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StatuteBankruptcy and Insolvency Act

Section 66.15 — Bankruptcy and Insolvency Act: Meeting of creditors

Text of the provision Official document

The official receiver may, at any time within the forty-five day period following the filing of the consumer proposal, direct the administrator to call a meeting of creditors. The administrator shall call a meeting of creditors forthwith after being so directed by the official receiver under subsection (1), or at the expiration of the forty-five day period following the filing of the consumer proposal, if at that time creditors having in the aggregate at least twenty-five per cent in value of the proven claims have so requested, and any meeting of creditors must be held within twenty-one days after being called. The administrator shall, at least ten days before a meeting called pursuant to this section, send to the consumer debtor, every known creditor and the official receiver, in the prescribed form and manner, a notice setting out the time and place of the meeting; a form of proxy as prescribed; and such other information and documentation as is prescribed.

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

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