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B.C. Reg. 268/98 |
Deposited July 31, 1998 |
| This archived regulation consolidation is current to December 3, 2004 and includes changes enacted and in force by that date. For the most current information, click here. |
Debtor Assistance Act
1 If the director receives money in trust under section 7 of the Debtor Assistance Act, the debtor from whom the money is received must pay a fee of $10 or 15% of the money received in trust, whichever is greater.
2 Section 1 does not apply if
(a) the money was received in trust in relation to an arrangement or consolidation order under the Bankruptcy and Insolvency Act (Canada), or
(b) the director is of the opinion that the imposition of the fee would pose an undue hardship to the debtor.
Note: this regulation replaces B.C. Reg. 145/88
[Provisions of the Debtor Assistance Act, R.S.B.C. 1996, c. 93, relevant to the enactment of this regulation: section 11]
Copyright (c) 2004: Queen's Printer, Victoria, British Columbia, Canada