The bankrupt, Troy Berthiaume, sought a discharge from bankruptcy, which was opposed by the Trustee and two creditors.
The court found that the bankrupt failed to disclose assets, made false statements regarding asset transfers, engaged in unjustifiable extravagance in living (including numerous post-bankruptcy vacations), and failed to perform his duties under the Bankruptcy and Insolvency Act.
The court imputed income to the bankrupt, finding his reported earnings from his wife's company to be significantly lower than his earning potential.
Consequently, the court granted a conditional discharge, requiring the bankrupt to pay $72,606.54, comprising surplus income and an additional sum, at a minimum rate of $500 per month.
The court emphasized the need to safeguard the integrity of the bankruptcy system from dishonest debtors.
