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block

Which of the following persons in NOT entitled to vote on the appointment of inspectors at the first meeting of creditors?

Select the correct answer(s).  

(0/0)

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the trustee as proxy

the bankrupt's spouse

a secured creditor for the unsecured portion of the claim

the trustee as a creditor

none

For how long immediately following the date of bankruptcy can the redirection of an individual bankrupts mail be in force without court approval?

Select the correct answer(s).  

(0/0)

---

4 months

2 months

6 months

3 months

none

Any property of the bankrupt found incapable of realization shall be returned to the bankrupt

Select the correct answer(s).  

(0/0)

---

with the permission of the inspectors

at the time when the trustee is discharged

within 30 days foloowing the trustee's discharge

after the inspectors have been informed in writing

none

Where the trustee under a Division 1 proposal has ascertained tha a material adverse change in the debtors projected cash flow has occured after the creditors have voted to accept the proposal, but before court approval, the trustee shall file a report with:

Select the correct answer(s).  

(0/0)

---

the court only

the Official Receiver and the court

the Official Receiver only

the Official Receiver

the court and proven creditors

none

Where an ammendment to a consumer proposal is filed before the deemed approval by the court the consumer proposal the administrator shall:

Select the correct answer(s).  

(0/0)

---

call a meeting of inspectors

call a meeting of creditors

seek the approval of the Official Receiver

submit the amendment of the court for approval

none

Under the BIA, the trustee, having regard to the applicable standards dealing with surplus income shall:

Select the correct answer(s).  

(0/0)

---

recommend the amount a bankrupt is required to pay to the estate

apply to the court to approve the recommended amount

inform the Official Receiver in writing of the recommended amount

take reasonable measures to ensure that the bankrupt complies with the requirement to pay

none

Which one of the following statements about mediation are correct

Select the correct answer(s).  

(0/0)

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the trustee must act personally in the mediation

the bankrupt and the trustee are always parties to the mediation

a creditor who requests mediation in not a party to the mediation

Only an employee of the OSB may be designated as mediator

none

You receive a bill of costs from the estate's solicitor. Before proceeding with payment of the bill of costs, you must ensure that:

Select the correct answer(s).  

(0/0)

---

it has been taxed if the amount exceeds $2500 before taxes

it has been taxed ragardless of the amount

the bill is in the approved format

it has been approved by the estate's inspectors

none

The filing fee payable to the Receiver General for Canada in respect of an ordinary administration of a bankrupt company is

Select the correct answer(s).  

(0/0)

---

150

$50

$70

$100

none

Unpaid farmers, fishers and aqua-culturists have a claim secured by a charge over inventory for goods delivered within 15 days of the date of bakruptcy or receivership of the purchaser that is in priority to all the parties below except:

Select the correct answer(s).  

(0/0)

---

unpaid wages

an unpaid supplier with 30-day good rights

secured creditors

a trustee or receiver to the extent of the net realized value on disposition for the inventory

none

Which of the following statements in incorrect about mediation under the BIA?

Select the correct answer(s).  

(0/0)

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The trustee may act either personally or through a representative

a creditor who requests mediation is a party to the mediation

The bankrupt and the trustee are always parties to the mediation

Only an employee ofthe OSB may be designated as mediator

none

Which of the following tasks can a trustee in an ordinary administration delegate to another individual?

Select the correct answer(s).  

(0/0)

---

responding the creditors inquiries

attendance at the FMC

acceptance of an appointment under the BIA

signing of cheques on a bankrupt's estate

none

A notice of an application to court to annul an assignment must be served on:

Select the correct answer(s).  

(0/0)

---

the creditors the Division Office and the bankrupt

the trustee the Division Office and also the bankrupt whe n the application is made by a person other than the bankrupt

the trustee the creditors the Division Office and the bankrupt

the trustee the creditors and the bankrupt

none

An appeal from an order of the registrar must be filed within

Select the correct answer(s).  

(0/0)

---

30 days after the order

10 days after the order

5 days after the order

6 days after the order

none

When a bankrupt disagrees with a trustee's recommendation with regard to the terms of the discharge, a request for mediation to the Official Receiver shall be made by:

Select the correct answer(s).  

(0/0)

---

the bankrupt's legal counsel

the trustee in bankrupt

a creditor

the bankrupt