NOTE: The Nova Scotia Bankruptcy Court is now posting its weekly dockets on this website. To view dockets << click here >>
Bankruptcy is a system that allows an insolvent debtor
to be relieved of most debts by filing an assignment in bankruptcy.
All the available property of the bankrupt is turned over to a Trustee
who realizes upon it and distributes the proceeds among the bankrupts'
creditors in accordance with the Bankruptcy and Insolvency Act. The
Act also provides a system which enables debtors to make proposals to
creditors to pay debts over time, usually at a reduced amount.
The Nova Scotia Department of Justice provides administrative and operational support to the court.