Can an inspector obtain personal benefit or advantage from a bankrupt estate at the expense of the general body of creditors?
Ontario, Canada
The following excerpt is from Global Plastic Packaging Ltd. (Bankruptcy), Re, 2004 CanLII 16817 (ON SC):
An inspector cannot obtain a personal benefit or advantage from the bankrupt estate at the expense of the general body of creditors: Segsworth v. Anderson (1895), 245 S.C.R. 699.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
Is a general law dealing with the administration of the estates of persons who may become bankrupt or insolvent? (Ontario, Canada)
Is an equalization claim against a bankrupt spouse personalized and personalized? (Ontario, Canada)
Can a preference of execution creditors be applied in assignment for the benefit of creditors? (Ontario, Canada)
Does bad faith and personal benefit play a role in determining personal liability? (Ontario, Canada)
In what circumstances will a person be deemed to have a personal estate in his name? (Ontario, Canada)
What is the test for obtaining personal information of a plaintiff in a personal injury case? (Ontario, Canada)
Does the Estate of Yehuda's Estate have to prove that there is a likelihood that the Estate will be able to claim severance? (Ontario, Canada)
In what circumstances will a search warrant be used to obtain personal information about a person who has not been arrested? (Ontario, Canada)
When a will is bequeathed in a will, what is the effect of the will on the income of the personal estate? (Ontario, Canada)
What is the test for treating a person who is personally named as a respondent in a medical malpractice case? (Ontario, Canada)
