Form 54.2—Report to Official Receiver on Deemed Annulment of Consumer Proposal of a Consumer Debtor who was a Bankrupt
(Paragraph 66.31(4)(c) of the Act)
(Title Form 1)
- I, of , administrator of the consumer proposal of , a consumer debtor who was bankrupt, made on the day of , hereby report the the consumer proposal of the debtor is in default:
for an amount that is equal to or more than the amount of three payments (in the case when payments under the terms of the consumer proposal were to be made monthly or more frequently); or
of a payment (in the case when payments under the terms of the consumer proposal were to be made less frequently than monthly).
(Give details of default on payment(s))
- Given that the Court of (province) in Bankruptcy, has made no order to the contrary and no amendment to the consumer proposal previously filed, the consumer proposal of the consumer debtor who was a bankrupt is deemed to have been annulled, by virtue of subsection 66.31(1) of the Act, on the day of .
- As a consequence of the deemed annulment of the consumer proposal, the consumer debtor who was a bankrupt is deemed to have made an assignment on the date of the deemed annulment pursuant to paragraph 66.31(4)(a) of the Act.
Dated at , this day of .
Licensed Insolvency Trustee
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