Termination

Question 1

Termination Methods

Answer 1

1. Ordinary course discharge
2. Appeal of bankruptcy order
3. Annulment
4. Recission of involuntary bankruptcy

Question 2

Appeal of BR Order

Answer 2

Must be based on error of law (correctness standard)

BIA s183(2)

Question 3

Annulment

Answer 3

Cour cannot stay a BR Order, but may annul. Creditors may apply for annulmnet on grounds of:
* Debtor not insolvent
* Abuse of process
* Debtor fraud
No time-barred, **stops but does not unwind **

(Wale)

Question 4

Recission

Answer 4

Fundamental change in circumstances can halt proceedings (inheritance, lottery)