Trustees Report on the Bankrupts Application for Discharge: Canada Debt .ca defines Trustees Report on the Bankrupts Application for Discharge

Bankruptcy Term Trustees Report on the Bankrupts Application for Discharge

<<< Back

Canada Debt has the definition to the bankruptcy and debt term Trustees Report on the Bankrupts Application for Discharge. Finding answers to terms such as Trustees Report on the Bankrupts Application for Discharge 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. Trustees Report on the Bankrupts Application for Discharge in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Trustees Report on the Bankrupts Application for Discharge' is used as follows:

(also known as the 170 Report) The trustee must prepare a report in the prescribed form with respect to the affairs of the bankrupt, the causes of the bankruptcy, the manner in which the bankrupt has performed the duties imposed under the Act or obeyed the orders of the court, the conduct of the bankrupt both before and after the date of the initial bankruptcy event, whether the bankrupt has been convicted of any offence under the Act, and any other fact, matter or circumstance that would justify the court in refusing an unconditional order of discharge. This report needs to be approved by the inspectors or provide the reasons why the inspectors did not approve it. The trustee is required to send a copy of this report to the creditors who have requested it.