Insolvency Act

357. Effect of termination of debtor's participation in no-asset procedure

Edition: 2022-12-31 · In force

(1)On termination of the debtor's participation in the no-asset procedure—

(a)the debtor's debts that became unenforceable on the debtor's entry to the no-asset procedure become again enforceable; and

(b)the debtor becomes liable to pay any penalties and interest that may have accrued.

(2)Subsection (1) does not apply if the debtor's entry to the no-asset procedure is terminated by discharge under section 359.