Glossary of Terms
Bankruptcy / Proposal / Financial Glossary |
| You can always search for entries (regexp permitted). | |
|
Submit Term | |
| T | |
| There are 8 entries in the glossary. | |
| Pages: 1 | |
| Term | Definition |
| tariff | Schedule of fees as specified in the Bankruptcy and Insolvency Act. |
| taxation | Application to the Court to have certain costs of the Trustee, receiver or legal council examined and approved by the Court. |
| tender | An offer in writing to buy or sell. |
| title | Legal right to the possession of property; the instrument constituting evidence of such right. |
| Trade Creditors | Persons, including businesses, to whom a debt is owed for the supply of goods and services in the normal course of business. |
| Trust Funds | Monies, securities, property, etc. held by one person for the benefit of another. Trust funds can not be used for purposes other than that for which they were intended. Trust property held by the bankrupt does not form part of the bankruptcy estate. |
| Trustee | The person under the Bankruptcy and Insolvency Act who administers bankruptcy and proposal estates. |
| Trustee's Report on the Bankrupt's Appli | Trustee's Report on the Bankrupt's Application for Discharge (also known as the Section 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. |
| Glossary V2.0 | |