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Bankruptcy and Insolvency Act

Version of section 199 from 2009-09-18 to 2024-05-28:


Marginal note:Failure to disclose fact of being undischarged

 An undischarged bankrupt who

  • (a) engages in any trade or business without disclosing to all persons with whom the undischarged bankrupt enters into any business transaction that the undischarged bankrupt is an undischarged bankrupt, or

  • (b) obtains credit to a total of $1,000 or more from any person or persons without informing them that the undischarged bankrupt is an undischarged bankrupt,

is guilty of an offence punishable on summary conviction and is liable to a fine not exceeding five thousand dollars or to imprisonment for a term not exceeding one year, or to both.

  • R.S., 1985, c. B-3, s. 199
  • 1992, c. 27, s. 72
  • 2005, c. 47, s. 111

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