Financial Rehabilitation And Insolvency Act Flashcards
(3 cards)
1
Q
An individual debtor would like to file for voluntary liquidation, his debts must…
A
Exceed 500,000
2
Q
A commencement order shall be issued ____ if the court finds the petition for commencement for rehabilitation to be sufficient in form and substance.
A
5 working days from the filling of the petition
3
Q
For rehabilitation proceedings under the FRIA, the rehabilitation court shall set the case for initial hearing within…
A
40 days from the filing of petition
