Bankruptcy offenses
Besides any offenses under the Criminal Code which may apply, you are also liable to imprisonment for up to three years if you are found guilty of any of the following offenses under the Bankruptcy and Insolvency Act:
- failing to perform the above mentioned duties as a bankrupt;
- fraudulently disposing of assets before or after bankruptcy;
- failing to answer fully and truthfully all questions when examined under oath;
- making false statements regarding assets or liabilities;
- destroying or concealing books or documents relating to your property or affairs;
- obtaining property or credit by false representation during the period of twelve months prior to the bankruptcy and until the date of discharge;
- not disclosing to the person(s) with whom you are dealing, prior to obtaining credit in excess of $500.00, that you are an undischarged bankrupt. (This would also apply to leasing a vehicle or accommodation during the bankruptcy).
