Bankruptcy offences (Section 198) (1)
Any bankrupt who:
- (a) makes any fraudulent disposition of bankrupt's property before or after
the date of the initial bankruptcy event,
- (b) refuses or neglects to answer fully and truthfully all proper
questions put to the bankrupt at any examination held pursuant to this Act,
- (c) makes a false entry or knowingly makes a material omission in a
statement or accounting,
- (d) after or within on year immediately preceding the date of the initial
bankruptcy event, conceals, destroys, mutilates, falsifies, makes an omission in or
disposes of, or is privy to the concealment, destruction, mutilation,
falsification, omission from or disposition of, a book or document affecting
or relating to the bankrupt's property or affairs, unless the bankrupt had no intent
to conceal the state of the bankrupt's affairs,
- (e) after or within one year immediately preceding the date of
the initial bankruptcy event, obtains any credit or any property by false representations made
by the bankrupt, or made by any other person to the bankrupt's knowledge,
- (f) after or within one year immediately preceding the date of the initial
bankruptcy event, fraudulently conceals or removes any property of a value of fifty
dollars or more or any debt due to or from the bankrupt, or
- (g) after or within one year immediately preceding the date of the initial
bankruptcy event, hypothecates, pawns, pledges or disposes of any property that the bankrupt has obtained on
credit and has not paid for, unless in the case of a trader the hypothecation, pawning,
pledging or disposing is in the ordinary way of trade and unless the bankrupt had no
intent to defraud, is guilty of an offence and is liable, on summary conviction,
to a fine not exceeding five thousand dollars or to imprisonment for a term not exceeding one year or to
both, or on conviction on indictment, to a fine not
exceeding ten thousand dollars or to imprisonment for a term not exceeding
three years, or to both.
(2) Failure to comply with duties-- A bankrupt who, without reasonable cause, fails
to comply with an order of the court made under section 68 or to do any
of the things required of the bankrupt under section 158 is guilty of an offence and is liable
- (a) on summary conviction, to a fine not exceeding five thousand dollars or to imprisonment for a
term not exceeding one year, or to both; or
- (b) on conviction on indictment, to a find not exceeding ten thousand dollars or to impreisonment
for a term not exceeding three years, or to both.
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