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PROPERTY OF BANKRUPTCY
Section 67(1)
The property of a bankruptcy divisible among his creditors shall not
comprise |
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a) |
property held by the bankrupt in trust for any other person, |
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b) |
any property that as against the bankrupt is exempt from execution
or seizure under any laws applicable in the province within which the
property is situated and within which the bankrupt resides, or |
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(b.1) |
such goods and services tax credit payments and prescribed payments
relating to the essential needs of an individual as are made in
prescribed circumstances and are not property referred to in paragraph
(a) or (b), |
but it shall comprise |
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c) |
all property wherever situated of the bankrupt at the date of his
bankruptcy or that may be acquired by or devolve on him before his
discharge, and |
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(d) |
such powers in or over or in respect of the property as might have
been exercised by the bankrupt for his own benefit. |
