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Alberta Court of Appeal further clarifies the fraudulent misrepresentation exemption under Bankruptcy and Insolvency Act

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Insolvency Insider
February 28, 2025

Jordan Deering, Regan Christensen and Logan Maddin of DLA Piper share that the Alberta Court of Appeal recently confirmed and clarified the interpretation of s. 178(1)(e) of the BIA in Poonian, ruling that the section does not require the property obtained by fraudulent misrepresentation to belong to the creditor, nor for the property to pass directly to the bankrupt.