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Section 16: Order on debtor’s petition

Insolvency Act · PART II: BANKRUPTCY AND ALTERNATIVES

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

16. Order on debtor’s petition (1) Where the grounds set out in section 15 (1) are established to the satisfaction of the Court and the requirements of section 15 (2) are complied with, the Court shall make a bankruptcy order against the debtor unless the Court is of the opinion that it would be appropriate in the circumstances to direct the Director to prepare a report under section 17 on whether the debtor should make a proposal or be placed under a summary instalment order, in which case the Court shall adjourn the application. (2) A bankruptcy order on a debtor’s petition shall have the same consequences as a bankruptcy order made on a creditor’s petition.

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