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An extension of time was granted to appeal an order declaring debts survive bankruptcy.
The appellant, an undischarged bankrupt, sought an extension of time to file a notice of appeal from a lower court order that declared his debts would survive bankruptcy and lifted a stay of proceedings.
The respondent opposed the extension, arguing there was no right to appeal without leave and that the appeal lacked merit.
The respondent also brought a cross-motion for security for costs.
The Court of Appeal granted the extension of time, finding that the appellant had a right to appeal under sections 193(c) and 193(a) of the Bankruptcy and Insolvency Act, and that the proposed appeal had arguable merit.
The court dismissed the respondent's cross-motion for security for costs, concluding that the "other good reason" test under Rule 61.06(1)(c) of the Rules of Civil Procedure was not met, given the appellant's impecuniosity and the arguable merit of the appeal.
Motion to partially lift automatic stay of bankruptcy order pending appeal granted to preserve assets.
The moving parties, a syndicate of six banks, sought to partially lift an automatic stay of a bankruptcy order pending appeal under s. 195 of the Bankruptcy and Insolvency Act.
The banks argued that the appellant was frustrating the bankruptcy process and might dissipate her assets.
The court found that the appellant's grounds of appeal were extremely weak and that maintaining the stay would prejudice the banks by preventing the trustee from identifying and preserving assets.
The court granted the motion, partially lifting the stay to allow the trustee to exercise specific powers under the BIA.
