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90-641: Acton (population 9,376 in 2021) is a community located in the town of Halton Hills , in Halton Region , Ontario , Canada. At the northern end of the Region, it is on the outer edge of the Greater Toronto Area and is one of two of the primary population centres of the Town; the other is Georgetown . From 1842 until 1986, the town was a major centre for the tanning and leather goods industry. In

180-472: A court order , often initiated by the debtor . Bankrupt is not the only legal status that an insolvent person may have, and the term bankruptcy is therefore not a synonym for insolvency . The word bankruptcy is derived from Italian banca rotta , literally meaning ' broken bank ' . The term is often described as having originated in Renaissance Italy , where there allegedly existed

270-562: A Statement of Affairs document, also known as a Bankruptcy Form, with AFSA, which includes important information about their assets and liabilities. A bankruptcy cannot be discharged until this document has been lodged. Ordinarily, a bankruptcy lasts three years from the filing of the Statement of Affairs with AFSA. A Bankruptcy Trustee (in most cases, the Official Trustee at AFSA) is appointed to deal with all matters regarding

360-500: A bankrupt may be able to raise enough funds to make an Offer of Composition to creditors, which would have the effect of paying the creditors some of the money they are owed. If the creditors accept the offer, the bankruptcy can be annulled after the funds are received. After the bankruptcy is annulled or the bankrupt has been automatically discharged, the bankrupt's credit report status is shown as "discharged bankrupt" for some years. The maximum number of years this information can be held

450-515: A bankruptcy law ( ley concurs ) in 2003 which provides for debt settlement plans that can result in a reduction of the debt (maximally half of the amount) or an extension of the payment period of maximally five years (Gerhardt, 2009), but it does not foresee debt discharge. In the US, it is very difficult to discharge federal or federally guaranteed student loan debt by filing bankruptcy. Unlike most other debts, those student loans may be discharged only if

540-594: A complex succession of shales , sandstones , limestones and dolomites of the Clinton and Cataract Groups. Red shales of the Queenston Formation underlie the eastern half of the town and are generally covered by more than 15 m of glacial sediments, predominantly the Halton Till. There are several areas of thin drift cover south of Georgetown. The quarrying of limestone has been undertaken since

630-519: A consequence, most Athenian slaves were foreigners (Greek or otherwise). The Statute of Bankrupts of 1542 was the first statute under English law dealing with bankruptcy or insolvency . Bankruptcy is also documented in East Asia . According to al-Maqrizi , the Yassa of Genghis Khan contained a provision that mandated the death penalty for anyone who became bankrupt three times. A failure of

720-439: A debtor attempts to later assert ownership of such an "unscheduled asset" after being discharged of all debt in the bankruptcy. The trustee may then seize the asset and liquidate it for the benefit of the (formerly discharged) creditors. Whether or not a concealment of such an asset should also be considered for prosecution as fraud or perjury would then be at the discretion of the judge or U.S. Trustee. In some countries, such as

810-410: A debtor making monthly payments for a maximum of five years, with the funds distributed to their creditors. Even though most proposals call for payments of less than the full amount of the debt owing, in most cases, the creditors accept the deal—because if they do not, the next alternative may be personal bankruptcy, in which the creditors get even less money. The creditors have 45 days to accept or reject

900-613: A debtor with debts to a maximum of $ 250,000 (not including the mortgage on their principal residence). If debts are greater than $ 250,000, the proposal must be filed under Division 1 of Part III of the Bankruptcy and Insolvency Act . An Administrator is required in the Consumer Proposal, and a Trustee in the Division I Proposal (these are virtually the same although the terms are not interchangeable). A Proposal Administrator

990-686: A dry-goods store in 1828. It was later called Adamsville, after the three original settlers. When the Mississaugas still had their reserve at Port Credit in the 19th century, they would come up to Acton every spring to tap the sugar bush just south of the village. In 1856, the Grand Trunk Railway arrived and helped spur growth in the area, especially along Mill Street. By 1869, Acton had businesses that included woodworking mills, tanneries, glove makers and carriage works. Originally part of Esquesing Township , Acton's principal trade

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1080-455: A fair and orderly manner by all licensed Trustees in Canada. Trustees in bankruptcy, 1041 individuals licensed to administer insolvencies, bankruptcy and proposal estates are governed by the Bankruptcy and Insolvency Act of Canada. Bankruptcy is filed when a person or a company becomes insolvent and cannot pay their debts as they become due and if they have at least $ 1,000 in debt. In 2011,

1170-426: A large brick warehouse that year beside the railway tracks. Hides arrived by rail and were taken for processing by horse-drawn wagons and then shipped by rail to customers. In 1944, the tannery was sold to Canada Packers who ran it until its closure in 1986. In March 1946, a breach in the tannery's filter dam lead to the release of 25,000,000 imperial gallons (110,000 m) of waste water and debris, which flooded

1260-427: A nation to meet bond repayments has been seen on many occasions. In a similar way, Philip II of Spain had to declare four state bankruptcies in 1557, 1560, 1575 and 1596. According to Kenneth S. Rogoff, "Although the development of international capital markets was quite limited prior to 1800, we nevertheless catalog the various defaults of France , Portugal , Prussia , Spain , and the early Italian city-states. At

1350-569: A non-official language as mother tongues, while 0.5% listed both English and French. 61.4% of the population were Christian , down from 72.1% in 2011. 34.3% were Catholic , 16.8% were Protestant , 6.2% were Christian n.o.s, 1.6% were Christian Orthodox and 2.6% belonged to other Christian denominations or Christian-related traditions. 32.2% were non-religious or secular, up from 26.3% in 2011. 6.4% belonged to other religions, up from 1.6% in 2011.The largest non-Christian religions were Islam (2.0%), Sikhism (1.9%), and Hinduism (1.5%). The town

1440-437: A number of hamlets and rural clusters within the town, including Ashgrove, Ballinafad (straddling the boundary with Erin ), Bannockburn, Crewsons Corners (straddling the boundary with Erin , Guelph-Eramosa and Milton ), Glen Williams , Henderson's Corners, Hornby, Limehouse , Mansewood , Norval , Scotch Block, Silver Creek, Speyside, Stewarttown, Terra Cotta (straddling the boundary with Caledon ), and Wildwood. The area

1530-402: A period of five years; debt slaves had protection of life and limb, which regular slaves did not have. However, servants of the debtor could be retained beyond that deadline by the creditor and were often forced to serve their new lord for a lifetime, usually under significantly harsher conditions. An exception to this rule was Athens , which by the laws of Solon forbade enslavement for debt; as

1620-465: A person bankrupt by compulsory procedure. Basically, these obligations are derived from the legal acts of the court, transactions, the obligation of the debtor to pay taxes, duties, and other fees defined by law. At the same time, when being declared bankrupt with a voluntary bankruptcy application, the applicant bears the obligation to prove the fact that the value of his assets is less than his assets by one million AMD or more. In Australia, bankruptcy

1710-433: A reduction of 8.6% over 2010. Some of the duties of the trustee in bankruptcy are to: Creditors become involved by attending creditors' meetings. The trustee calls the first meeting of creditors for the following purposes: In Canada, a person can file a consumer proposal as an alternative to bankruptcy. A consumer proposal is a negotiated settlement between a debtor and their creditors. A typical proposal would involve

1800-636: A route between Kitchener and Toronto. Following TKL's bankruptcy in January 1927, the route was taken over by Arrow Coach Lines. Arrow was acquired by Gray Coach in May 1937, which continued to operate buses through Acton until GO Transit took over in February 1976. From 1917 to 1931, Acton was also served by the Toronto Suburban Railway , which early on entered into a notable dispute with

1890-459: A significant portion of the rural area is located within the provincial Greenbelt . Above the Escarpment, a large proportion of the rural area is classified as environmentally sensitive wetlands, and there are several sites that are licensed for aggregate extraction, for which expansion requires detailed environmental assessment. Below the Escarpment, the rural area is mainly agricultural, with

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1980-730: Is a white-collar crime most typically involving concealment of assets by a debtor to avoid liquidation in bankruptcy proceedings. It may include filing of false information, multiple filings in different jurisdictions, bribery, and other acts. While difficult to generalize across jurisdictions, common criminal acts under bankruptcy statutes typically involve concealment of assets, concealment or destruction of documents, conflicts of interest, fraudulent claims, false statements or declarations, and fee fixing or redistribution arrangements. Falsifications on bankruptcy forms often constitute perjury . Multiple filings are not in and of themselves criminal, but they may violate provisions of bankruptcy law. In

2070-400: Is a court procedure required by the debtor which has been in business for more than two years and requires approval by a judge. The Extrajudicial Restructuring ( Recuperação Extrajudicial ) is a private negotiation that involves creditors and debtors and, as with court-ordered restructuring, also must be approved by courts. Bankruptcy, also referred to as insolvency in Canada, is governed by

2160-464: Is a payment period of three years; however, the court reserves the right to increase or decrease the period depending upon the circumstances of the case. If the debtor has no proven financial ability to pay the creditors, he may be granted an immediate discharge. Since 1996, Israeli personal bankruptcy law has shifted to a relatively debtor-friendly regime, not unlike the American model. In May 2016,

2250-561: Is a status which applies to individuals and is governed by the federal Bankruptcy Act 1966 . Companies do not go bankrupt but rather go into liquidation or administration , which is governed by the federal Corporations Act 2001 . If a person commits an act of bankruptcy, then a creditor can apply to the Federal Circuit Court or the Federal Court for a sequestration order . Acts of bankruptcy are defined in

2340-559: Is above a certain threshold. If the bankrupt fails to pay, the trustee can ask the Official Receiver to issue a notice to garnishee the bankrupt's wages. If that is not possible, the Trustee may seek to extend the bankruptcy for a further three or five years. Bankruptcies can be annulled, and the bankrupt released from bankruptcy, prior to the expiration of the normal three-year period if all debts are paid out in full. Sometimes

2430-515: Is almost always a licensed trustee in bankruptcy, although the Superintendent of Bankruptcy may appoint other people to serve as administrators. In 2006, there were 98,450 personal insolvency filings in Canada: 79,218 bankruptcies and 19,232 consumer proposals. In Canada, bankruptcy always means liquidation. There is no way for a company to emerge from bankruptcy after restructuring, as

2520-457: Is also covered by the following local newspapers and online media: A radio transmitter in Hornby is used by stations CFZM and CJBC . Halton Hills has one sister city: Bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by

2610-571: Is conditioned by a partial payment obligation and by a number of requirements concerning the debtor's behavior. In the United States (US), discharge is conditioned to a lesser extent. The spectrum is broad in the EU, with the UK coming closest to the US system (Reifner et al., 2003; Gerhardt, 2009; Frade, 2010). The Other Member States do not provide the option of a debt discharge. Spain, for example, passed

2700-429: Is divided into four wards, each of which elects two local councillors. Two regional councillors are also elected - one from Wards 1 and 2 (i.e., the area that was in the former Town of Acton and the former Township of Esquesing), and one from Wards 3 and 4 (i.e., the area in the former Town of Georgetown). The mayor is elected at large. The mayor and two regional councillors (who also serve on Halton Hills council) represent

2790-524: Is located in an area that is considered to be of low seismic potential, and the largest recent earthquake to take place within its limits was of magnitude 3 on 29 June 1955. There is a POLARIS seismic monitoring station located just west of Acton. Halton Hills has a humid continental climate (Köppen climate classification Dfb ). The Town has two distinct climate zones: Environment and Climate Change Canada operates one climate monitoring station at Georgetown. Both Georgetown and Acton, as well as

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2880-557: Is subject to the retention limits under the Privacy Act. How long such information is on a credit report may be shorter, depending on the issuing company, but the report must cease to record that information based on the criteria in the Privacy Act. In Brazil , the Bankruptcy Law (11.101/05) governs court-ordered or out-of-court receivership and bankruptcy and only applies to public companies (publicly traded companies) with

2970-459: Is the case in the United States with a Chapter 11 bankruptcy filing. Canada does, however, have laws that allow for businesses to restructure and emerge later with a smaller debt load and a more positive financial future. While not technically a form of bankruptcy, businesses with $ 5M or more in debt may make use of the Companies' Creditors Arrangement Act to halt all debt recovery efforts against

3060-400: Is to liquidate company assets and pay its creditors. The second one is Court-ordered Restructuring ( Recuperação Judicial ). The goal is to overcome the business crisis situation of the debtor in order to allow the continuation of the producer, the employment of workers and the interests of creditors, leading, thus, to preserving company, its corporate function and develop economic activity. It

3150-571: The Bankruptcy and Insolvency Act and is applicable to businesses and individuals. For example, Target Canada , the Canadian subsidiary of the Target Corporation , the second-largest discount retailer in the United States filed for bankruptcy on January 15, 2015, and closed all of its stores by April 12. The office of the Superintendent of Bankruptcy , a federal agency , is responsible for ensuring that bankruptcies are administered in

3240-741: The Credit River and the Grand River which is just west of the urban area, where the Blue Springs Creek begins. Acton also has Fairy Lake at Prospect Park, which is the fairgrounds for the Acton Fall Fair every September. No longer officially a town (since 1974), Acton is part of the Town of Halton Hills which is divided into four wards, each with two elected Councillors. Two others are Regional Councillors, each representing two wards on Halton Hills Council, and also serve on

3330-804: The Parliament of India passed the Insolvency and Bankruptcy Code (IBC), updating outdated corporate insolvency laws. The IBC streamlined the process, reducing delays from a decade to 180 days, and replaced the Board for Industrial and Financial Reconstruction (BIFR) with a market-driven approach. Dutch bankruptcy law is governed by the Dutch Bankruptcy Code ( Faillissementswet ). The code covers three separate legal proceedings. Federal Law No. 127-FZ "On Insolvency (Bankruptcy)" dated 26 October 2002 (as amended) (the "Bankruptcy Act"), replacing

3420-700: The United Kingdom , bankruptcy is limited to individuals; other forms of insolvency proceedings (such as liquidation and administration ) are applied to companies. In the United States , bankruptcy is applied more broadly to formal insolvency proceedings. In some countries, such as in Finland, bankruptcy is limited only to companies and individuals who are insolvent are condemned to de facto indentured servitude or minimum social benefits until their debts are paid in full, with accrued interest except when

3510-824: The 19th century, and the lime industry was once quite prevalent. In 1886, the Toronto Lime Company had operations in Limehouse and Acton, employing a total of four draw kilns and eleven set kilns, producing common lime and water lime . At Limehouse, rock from the Clinton formation yielded green and brown shales and blue marl , which were used in the manufacture of mineral paints . Small oil and gas deposits have been discovered northwest and south of Acton, and around Hornby. While exploration had occurred as early as 1908, with oil being discovered in 1912, significant strikes did not occur until 1954. The town

3600-548: The Beardmore tannery over a crossing with a Grand Trunk spur line in the town, that went all the way to the Supreme Court of Canada for resolution. In older books and papers of the area, two demonyms have existed for residents of the area at the same time. Actonite was used to identify people who moved to the area, and Actonian referred to people who grew up there. The first designation now predominates, due to

3690-549: The Enforcement and Collection Authority. Insolvency proceedings above NIS 150,000 individual debtors file the documents will be conducted before the official receiver (the Insolvency Commissioner) and, if a creditor want to file against a debtor, he needs to open process, before the magistrate's court that hears in the district. Company bankruptcy will be conducted before District Court. Simultaneously, with

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3780-738: The Great Lakes-St. Lawrence forest zone to the north and the Niagara Section of the Carolinian forest zone to the south. Both forest zones are part of the Mixedwood Plains Ecozone . The natural vegetation in the Huron-Ontario Section is dominated by mixed wood forests. It is a transitional type between the southern deciduous forests and the northern coniferous forests. The forest communities of

3870-786: The Halton Region Council as does the mayor. The current (2018–2022) membership of the town council is as follows: The Acton branch of the Halton Hills Public Library is located at 17 River Street. Initially built as the community's centennial project when it opened in 1967, it was replaced in 2012. Halton Hills has its own fire department but policing is provided by the Halton Regional Police Services . Halton Hills has its own official plan which came into force in March 2008 and

3960-537: The Halton Subdivision through Stewarttown while their usual route was closed for signal upgrades. From 1917 to 1931, Norval, Georgetown and Acton were also served by the Toronto Suburban Railway . HaltonHillsToday.ca is an online local news source in Halton Hills, offering the latest breaking news, weather updates, entertainment, sports and business features, obituaries and more. Halton Hills

4050-482: The Niagara Section are dominated by broad-leaved trees. Overall, Halton Hills consists predominantly of agricultural lands with scattered woodlands and wetlands. The woodlands are mainly deciduous forest and the wetlands are either cedar swamp or cattail marsh. American ginseng exists in the town, and is protected under the Endangered Species Act, 2007 . Butternut trees are also threatened by

4140-518: The Superintendent of Bankruptcy reported that trustees in Canada filed 127,774 insolvent estates. Consumer estates were the vast majority, with 122 999 estates. The consumer portion of the 2011 volume is divided into 77,993 bankruptcies and 45,006 consumer proposals. This represented a reduction of 8.9% from 2010. Commercial estates filed by Canadian trustees in 2011 4,775 estates, 3,643 bankruptcies and 1,132 Division 1 proposals. This represents

4230-813: The Town are managed by the Halton Hills Public Library Board . In 1975, the Lord Lyon King of Arms awarded arms to the town, followed by the grant of a badge in 1984. Both were subsequently registered with the Canadian Heraldic Authority in 2005. They are specifically described as follows: The town has four main roads: East-west North-south Bus service is provided by GO Transit along Highway 7 on its Georgetown line corridor. Via Rail and GO Train service are provided at Georgetown GO Station . The Grand Trunk Railway brought train service to

4320-486: The Trustee's request to provide details of income, the trustee may have grounds to lodge an Objection to Discharge, which has the effect of extending the bankruptcy for a further three or five years depending on the type of Objection. The realisation of funds usually comes from two main sources: the bankrupt's assets and the bankrupt's wages. There are certain assets that are protected, referred to as protected assets . These include household furniture and appliances, tools of

4410-443: The U.S., bankruptcy fraud statutes are particularly focused on the mental state of particular actions. Bankruptcy fraud is a federal crime in the United States. Bankruptcy fraud should be distinguished from strategic bankruptcy , which is not a criminal act since it creates a real (not a fake) bankruptcy state. However, it may still work against the filer. All assets must be disclosed in bankruptcy schedules whether or not

4500-799: The Village of Acton was given permission by the Municipal Borough of Acton in Middlesex , England, to adopt a variant of the latter's coat of arms, substituting maple leaves for the oak leaves in the original. The municipal council continued to use it until 1974, when Acton amalgamated with the Town of Georgetown and most of the Township of Esquesing to form the Town of Halton Hills . Tanning has been an important industry in Acton since 1842, when

4590-494: The administration of the bankrupt estate. The Trustee's job includes notifying creditors of the estate and dealing with creditor inquiries; ensuring that the bankrupt complies with their obligations under the Bankruptcy Act; investigating the bankrupt's financial affairs; realising funds to which the estate is entitled under the Bankruptcy Act and distributing dividends to creditors if sufficient funds become available. For

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4680-517: The amalgamation of the former Towns of Georgetown and Acton , together with much of the former Esquesing Township , and a small portion of the Town of Oakville lying north of Ontario Highway 401 . Originally named the Town of North Halton in the establishing legislation, provision was made for a name change to be adopted in consequence of a referendum, and Halton Hills was thus chosen in October 1973: On August 1, 2013, Toronto Premium Outlets ,

4770-490: The area in 1856, with stations at Acton and Georgetown. Passenger service to Acton ceased in the 1990s, but GO Train service is planned to be revived there in 2013. Rail freight service is also provided by Canadian National on its Halton Subdivision from Georgetown southwest through Milton to Burlington. CN's Guelph Subdivision between Georgetown and London is currently managed by Goderich–Exeter Railway . In November 2020, VIA Rail Canada rerouted some of its trains onto

4860-497: The business. For private households, it is important to assess the underlying problems and to minimize the risk of financial distress to recur. It has been stressed that debt advice, a supervised rehabilitation period, financial education and social help to find sources of income and to improve the management of household expenditures must be equally provided during this period of rehabilitation (Refiner et al. , 2003; Gerhardt, 2009; Frade, 2010). In most EU member States, debt discharge

4950-541: The butternut canker . The hooded warbler and the Jefferson salamander are also designated as threatened species. Brook trout had been eliminated from the Black Creek watershed for many years, following the ongoing environmental disaster due to the excessive consumption of faecal mater as well as the trailer park polluting the water in the town of Erin. The trout have not returned, and anglers report that most of

5040-458: The company while they formulate a plan to restructure. The People's Republic of China legalized bankruptcy in 1986, and a revised law that was more expansive and complete was enacted in 2007. Bankruptcy in Ireland applies only to natural persons . Other insolvency processes including liquidation and examinership are used to deal with corporate insolvency. Irish bankruptcy law has been

5130-614: The consumer proposal. Once the proposal is accepted by both the creditors and the Court, the debtor makes the payments to the Proposal Administrator each month (or as otherwise stipulated in their proposal), and the general creditors are prevented from taking any further legal or collection action. If the proposal is rejected, the debtor is returned to his prior insolvent state and may have no alternative but to declare personal bankruptcy. A consumer proposal can only be made by

5220-452: The court by the creditor or with an application to recognize his own bankruptcy. Legal and natural persons, including individual entrepreneurs, who have an indisputable payment obligation exceeding 60 days and amounting to more than one million AMD can be declared bankrupt. All creditors, including the state and municipalities, to whom the person has an obligation that meets the above-mentioned minimum criteria can submit an application to declare

5310-581: The court decides to show rare clemency by accepting a debtors application for debt restructuring , in which case an individual may have the amount of remaining debt reduced or be released from the debt. In Argentina the national Act "24.522 de Concursos y Quiebras" regulates the Bankruptcy and the Reorganization of the individuals and companies, public entities are not included. A person may be declared bankrupt with an application submitted to

5400-401: The debtor believes the asset has a net value . This is because once a bankruptcy petition is filed, it is for the creditors, not the debtor, to decide whether a particular asset has value. The future ramifications of omitting assets from schedules can be quite serious for the offending debtor. In the United States, a closed bankruptcy may be reopened by motion of a creditor or the U.S. trustee if

5490-487: The drive to Acton!" The business was interrupted at times because of bankruptcy and other reasons, and was finally closed in late 2024. Other specialty tanners and leather products manufacturers were also established in the town. These included Hewetson Shoe, Coronna Shoe, Superior Glove, Marzo Glove and Frank Heller and Co. In the early 20th century, Acton was the main urban community of Esquesing Township, much larger than nearby Georgetown, Ontario which now has four times

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5580-499: The duration of their bankruptcy, all bankrupts have certain restrictions placed upon them. For example, a bankrupt must obtain the permission of their trustee to travel overseas. Failure to do so may result in the bankrupt being stopped at the airport by the Australian Federal Police. Additionally, a bankrupt is required to provide their trustee with details of income and assets. If the bankrupt does not comply with

5670-570: The early years, it was often referred to as "Leathertown". In 1825, the area now known as Acton was settled by the Rev. Ezra, Rev. Zenas, and Rufus Adams. These men were Methodist preachers who took a sabbatical and began farming here on a branch of the Credit River. A fourth brother, Eliphalet, also settled here later. In the 1840s, the community had a grist mill and tannery. The community was initially named Danville when settler Wheeler Green opened

5760-415: The edge of Europe, Egypt, Russia, and Turkey have histories of chronic default as well." The principal focus of modern insolvency legislation and business debt restructuring practices no longer rests on the elimination of insolvent entities, but on the remodeling of the financial and organizational structure of debtors experiencing financial distress so as to permit the rehabilitation and continuation of

5850-489: The exception of an industrial area currently being developed between Highway 401 and Steeles Avenue. The town also forms part of three watersheds: The Water Survey of Canada operates two hydrometric monitoring stations in the town, on the Black Creek below Acton, and at Norval on the Credit River . Halton Hills is located in the transition zone between the Huron-Ontario Forest Section of

5940-440: The exception of financial institutions, credit cooperatives, consortia, supplementary scheme entities, companies administering health care plans, equity companies and a few other legal entities. It does not apply to state-run companies. Current law covers three legal proceedings. The first one is bankruptcy itself ("Falência"). Bankruptcy is a court-ordered liquidation procedure for an insolvent business. The final goal of bankruptcy

6030-677: The first Premium Outlets Centre in Canada, opened for business on Steeles Avenue at the south end of Halton Hills near the border of Milton, Ontario . In 2021, Halton Hills was 84.6% white/European, 13.6% visible minorities, and 1.8% Indigenous. The largest visible minority groups were South Asian (5.6%), Black (1.7%), Chinese (1.2%), Filipino (1.0%) and Latin American (1.0%). 80.8% of residents spoke English as their mother tongue. The next most common first languages were Polish (1.7%), Portuguese (1.6%), French (1.5%), Punjabi (1.4%), Croatian (1.2%), Italian (1.0%) and Spanish (1.0%). 2.2% of residents listed both English and

6120-416: The first tannery was established by Abraham Nelles, as the area was attractive to the leather industry because of the large numbers of hemlock and spruce trees. These provided the tannin required for a firm, high quality leather of a reddish colour. A number of subsequent owners operated the tannery business, before the Beardmore family purchased it in 1865, running it for over 50 years. At one time, it

6210-607: The fish have almost entirely disappeared from the area. The physiography and distribution of surface material in the Town of Halton Hills are the result of glacial activity which took place in the Late Wisconsinan Substage of the Pleistocene Epoch . This period of time, which lasted from approximately 23,000 to 10,000 years ago, was marked by the repeated advance and melting back of massive, continental ice sheets. The Niagara Escarpment dominates

6300-417: The influx of new residents in the 1960s, but older residents still remember it. Acton is located at the intersection of Highway 7 and Halton Regional Road 25 . The town's location was chosen because of the good source of water power from the Black Creek, and the flour mill established at the beginning is still in operation today, as part of Parrish & Heimbecker . It is also near the watershed between

6390-491: The issue of the order for the commencement of insolvency proceedings, the Insolvency Commissioner shall appoint a trustee for the debtor and an audit will be carried out, in which the debtor's economic capability and his conduct will be examined (lasting approximately 12 months). At the end of this audit a payment plan is established, at the end of which the debtor will receive a discharge. The default scenario

6480-529: The legislation, and include the failure to comply with a bankruptcy notice. A bankruptcy notice can be issued where, among other cases, a person fails to pay a judgment debt of at least $ 5,000. A person can also seek to have themselves declared bankrupt for any amount of debt by lodging a debtor's petition with the "Official Receiver", which is the Australian Financial Security Authority (AFSA). All bankrupts must lodge

6570-523: The person seeking discharge establishes specific grounds for discharge under the Brunner test, under which the court evaluates three factors: Even if a debtor proves all three elements, a court may permit only a partial discharge of the student loan. Student loan borrowers may benefit from restructuring their payments through a Chapter 13 bankruptcy repayment plan, but few qualify for discharge of part or all of their student loan debt. Bankruptcy fraud

6660-480: The physiography of the town and greatly influenced the pattern of glaciation in the region. The Escarpment, formed by erosion over millions of years, is a high relief bedrock scarp which trends to the north through the central part of the town. To the west, on the upper surface of the Escarpment, hummocky morainic ridges deposited by glacial ice form part of the Horseshoe Moraines physiographic region. To

6750-441: The population. Because of the extensive tanning industry that was located in the area during the 19th century and early 20th century, the area has earned the nickname of Leathertown . GO Transit provides bus and train service on its Kitchener corridor , with a stop at Acton GO Station . The Grand Trunk brought trains to the area in 1856, and its station was next to the Beardmore leather warehouse. Canadian National closed

6840-403: The previous law in 1998, to better address the above problems and a broader failure of the action. Russian insolvency law is intended for a wide range of borrowers: individuals and companies of all sizes, with the exception of state-owned enterprises, government agencies, political parties and religious organizations. There are also special rules for insurance companies, professional participants of

6930-487: The securities market, agricultural organizations and other special laws for financial institutions and companies in the natural monopolies in the energy industry. Federal Law No. 40-FZ "On Insolvency (Bankruptcy)" dated 25 February 1999 (as amended) (the "Insolvency Law of Credit Institutions") contains special provisions in relation to the opening of insolvency proceedings in relation to the credit company. Insolvency Provisions Act, credit organizations used in conjunction with

7020-679: The service remained, the station was disposed in 1973 and replaced with a shelter for the GO Bus service between Guelph and Toronto. CN would cease picking up area passengers in November 1975. GO Trains would begin stopping in Acton in October 1990, but were later suspended in July 1993 because of budget cuts. The service later resumed in January 2013. Bus service first appeared in April 1926, when Toronto, Kitchener and London Coach Lines began operating

7110-459: The smaller communities in the rural area, have histories which go back about 200 years. Settlement began in the 1820s. The hamlet of Hornby was home to the large Brain Brewery, established in 1845; it was eventually making 5,000 barrels of beer per year with ten employees. The facility closed when Prohibition started in 1916 and did not later reopen. Halton Hills was formed in 1974 through

7200-681: The southeast below the Escarpment, is a smooth glacial till plain partially bevelled by lacustrine action, which forms part of the South Slope and Peel Plain physiographic regions. The Town of Halton Hills is underlain by Ordovician shales of the Queenston Formation east of the Niagara Escarpment, and by Silurian dolomites of the Amabel Formation west of the Escarpment. The escarpment face exposes

7290-488: The station in November 1967, (although the agent would stay until 1968) and later applied to formally cease service, which was not heard by the Canadian Transport Commission until January 1970. The Commission refused the application in October 1970, ordering the then minimal operation to continue. CN, together with Gray Coach Lines , would later add an additional train/bus line in April 1971. While

7380-512: The subject of significant comment, from both government sources and the media, as being in need of reform. Part 7 of the Civil Law (Miscellaneous Provisions) Act 2011 has started this process and the government has committed to further reform. Bankruptcy in Israel is governed by the Insolvency and Rehabilitation Law, 2018. Insolvency proceedings below NIS 150,000 will be administered entirely by

7470-480: The town at the council meetings of the Regional Municipality of Halton . The current (2022-2026) membership of the town council is as follows: Halton Hills has its own fire department. However, policing is provided by the Halton Regional Police Services . The Town has its own official plan which came into force in March 2008 and was consolidated in 2017 with the Region's plan. The libraries in

7560-442: The trade and vehicles up to a certain value. All other assets of value can be sold. If a house, including the main residence, or car is above a certain value, a third party can buy the interest from the estate in order for the bankrupt to utilise the asset. If this is not done, the interest vests in the estate and the trustee is able to take possession of the asset and sell it. The bankrupt must pay income contributions if their income

7650-408: The tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. In Ancient Greece , bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " debt slavery " until the creditor recouped losses through their physical labour . Many city-states in ancient Greece limited debt slavery to

7740-471: The village water supply and caused extensive property damage downstream as far as Limehouse and Stewarttown . In 1980, three investors decided to transform the tannery's warehouse into the Old Hide House, a retail store with leather clothing, goods and furniture. From 1980 to 1993, the Old Hide House also housed a restaurant, Jack Tanner's Table. It was famous for its commercial slogan, "It's worth

7830-618: Was consolidated in 2017 with the Region's plan. Halton Hills There are many natural features within these bounds; they include the Niagara Escarpment , and the Bruce Trail . Many of these local features are protected by the Conservation Halton , Credit Valley Conservation & Grand River Conservation Authority . The primary population centres are Georgetown and Acton . Additionally, there are

7920-434: Was first settled in the 1820s. Esquesing Township, of which the greatest part went to form Halton Hills, was favourably described in 1846: This is a fine township, containing excellent land, and many good farms, which are generally well cultivated. Wheat of superior quality is grown in this and adjoining townships. The land is mostly rolling. The town is bisected by the Niagara Escarpment from southwest to northeast, and

8010-604: Was in grain, lumber, cordwood, leather and hops. Under a bylaw passed by the Halton County Council in September 1873, it was incorporated as a village in 1874, and erected into a town in 1950. A new town hall was opened in 1883 (and designated a Heritage Building in 1996); postmaster Robert Swan named the village Acton after the area of Acton, London , in England. In 1926, with the help of Sir Harry Brittain ,

8100-515: Was the largest tanner in Canada. The Beardmores also opened tanneries in other parts of southern Ontario. From 1877 to 1922, they operated another large facility in Bracebridge , having been attracted by the area's large supply of hemlock. It closed due to the decline of American markets around 1920. By 1889, their main tanneries in Acton were very large, with a combined floor space of almost 1,000,000 square feet (93,000 m). They also built

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