Examination: Canada Debt .ca defines Examination

Bankruptcy Term Examination

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Canada Debt has the definition to the bankruptcy and debt term Examination. Finding answers to terms such as Examination can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Examination in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Examination' is used as follows:

Questioning of the bankrupt under oath with respect to the bankrupt's conduct, causes of bankruptcy and disposition of the bankrupt's property. The examination may be conducted by an Official Receiver, a trustee, a creditor or other interested person in accordance with conditions prescribed in the Bankruptcy and Insolvency Act.