Bankruptcy Canada
|
Bankruptcy Canada |
| |
|
| Excerpts from the Bankruptcy and Insolvency Act |
|
FAILURE TO DISCLOSE FACT OF BEING AN UNDISCHARGED BANKRUPT Section 199 |
||
|
An undischarged bankrupt who | |
a) |
engages in any trade or business without disclosing to all persons with whom the undischarged bankrupt enters into any business transaction that the undischarged bankrupt is an undischarged bankrupt, or |
|
| b) |
obtains credit to a total of five hundred dollars
or more from any person or persons without informing such persons that the undischarged bankrupt is an undischarged bankrupt;
is guilty of an offence punishable on summary conviction and is liable to a fine not exceeding five thousand dollars or to imprisonment for a term not exceeding one year, or to both. |
|
