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Bill C-439

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1st Session, 36th Parliament,
46-47 Elizabeth II, 1997-98

The House of Commons of Canada

BILL C-439

An Act to amend the Bankruptcy and Insolvency Act (student loan)

R.S., c. B-3; R.S. cc. 27, 31, (1st Supp.); cc. 3, 27, (2nd Supp.); 1990, c. 17; 1991, c. 46; 1992, cc. 1, 27; 1993, cc. 28, 34; 1994, c. 26; 1995, c. 1

      Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. (1) Subparagraph 178(1)(g)(ii) of the Bankruptcy and Insolvency Act is replaced by the following:

      (ii) within two years after the date on which the bankrupt ceased to be a full- or part-time student; or

(2) The portion of subsection 178(1.1) of the Act before paragraph (a) is replaced by the following:

Court may order non- application of subsection (1)

(1.1) At any time after two years after a bankrupt who has a debt referred to in paragraph (1)(g) ceases to be a full- or part-time student, as the case may be, under the applicable Act or enactment, the court may, on application, order that subsection (1) does not apply to the debt if the court is satisfied that