The court approved a consumer proposal despite the debtor's non-disclosure of a minor asset and post-filing purchase of a luxury vehicle, as it provided a superior return to creditors than bankruptcy.
A motion was brought by the consumer proposal administrator to review Ocean Dezarie Bonneau's consumer proposal, which was deemed accepted by creditors.
A creditor, Brenden Higgins, demanded the review and opposed approval, raising concerns about non-disclosure of assets, post-filing debt, family unit income, and alleged fraudulent activity and BIA offences.
The court found that while some issues, like the purchase of a luxury vehicle post-filing, had poor optics, they did not disentitle the debtor from the proposal.
The court also clarified the family unit composition and dismissed allegations of BIA offences and fraud, noting fraud claims must be pursued in separate civil proceedings.
Ultimately, the court approved the consumer proposal, finding it provided a superior return to unsecured creditors compared to bankruptcy.