Court Order Issued by the Ontario Superior Court of Justice
April 27, 2020
A court order was issued by the Ontario Superior Court of Justice on Monday, April 27, 2020, based on a motion filed by the Attorney General of Canada on behalf of the Superintendent of Bankruptcy. This order provides Ontarians who have filed for insolvency with greater flexibility to meet their obligations during this time of economic uncertainty. This includes allowing consumer proposal debtors to miss an additional three consumer proposal payments between March 13, 2020, and December 31, 2020, before the consumer defaults on the proposal as well as extensions of certain operational deadlines. Applications for similar relief effective April 27, 2020 are being scheduled to be heard in other provinces and territories on or before April 30, 2020 and updates will be provided as soon thereafter as possible.
The court order can be accessed on the OSB's Website. An unofficial translation and the court’s endorsement will also be posted as soon as possible.
For questions about this court order, please contact Regulatory Affairs at email@example.com.
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