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The court held that a consumer proposal administrator was not entitled to fees after July 2018 because the proposal was treated as deemed annulled on the evidence.
The court dismissed PaySlateâs reverse vesting order application, finding inadequate service, weak valuation evidence, and no sufficient basis for the broad releases and contractual restrictions.
For nonâsurrendered nonâexempt assets that have appreciated due to market forces, the correct valuation date is the dispositive discharge hearing (usually yielding the higher of the atâbankruptcy and atâdischarge values); secured debt is to be measured as at the date of bankruptcy (no credit for principal repayments postâbankruptcy); trustee to calculate notional equity using established matrix and the bankrupt must repurchase or surrender before discharge is reconsidered.
Source excerpt
The court dismissed Adrenaline Drive Inc.'s application to set aside a registrarâs decision on security for costs, holding the security was not properly posted.
Opposed bankruptcy discharge application in which the court granted a conditional discharge, requiring payment of $35,000 and tax compliance measures.
The court found deficient disclosure and unreliable records in a bankruptcy discharge application, and imposed a conditional discharge with a six-month suspension.
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