Form 50—Notice of Meeting of Creditors to Consider Consumer Proposal
(Subsection 66.15(3) of the Act)
(Title Form 1)
Take notice that:
- A meeting of creditors has been called to consider the consumer proposal made by , a consumer debtor, a copy of which proposal was filed with the official receiver on the day of .
- The meeting of creditors will be held on (date) at (time) at (location of meeting) or (insert details of electronic or digital means of communication, e.g., teleconference number, etc.).
- The creditors may, by ordinary resolution, voting all as one class, accept or refuse the consumer proposal as filed or as altered at the meeting, subject to the rights of secured creditors.
- Attached is a voting letter form and a proxy form.
- In order to be entitled to vote at the meeting, a creditor must prove a claim before the time appointed for the meeting.
- A creditor who has proved a claim may indicate assent to or dissent from the consumer proposal to me at or before the meeting of creditors, and any assent or dissent I receive at or before the meeting will have the same effect as if the creditor were present and had voted at the meeting.
- If there is no quorum at the meeting of creditors, the consumer proposal shall be deemed to be accepted by the creditors.
- If the consumer proposal is accepted or deemed to be accepted by the creditors and I am not requested by the official receiver or any other interested party, within the 15 days after the acceptance or deemed acceptance, to apply to the court to have the consumer proposal reviewed, the consumer proposal shall be deemed to have been approved by the court.
(Location) (Date YYYY/MM/DD)
Administrator of Consumer Proposal
If a copy of this Notice is sent electronically by means such as email, the name and contact information of the sender, prescribed in Form 1.1, must be added at the end of the document.
This form may not be completed online. It is provided here for reference purposes only.
The HTML version of this Form is not the official version. In the event of an inconsistency between the HTML and PDF versions of this Form, the PDF version prevails. Users are required to exercise due diligence with respect to the HTML version.
- Date modified: