Does s. 42(1) of the Bankruptcy and Insolvency Code require that there be a redemption period and what is the redemption period?
Alberta, Canada
The following excerpt is from Scotia Mortgage Corp. v. Goss, 1987 CanLII 3510 (AB QB):
In addition, the fact that the companion s. 42(1) limits the court's jurisdiction by requiring that there be a redemption period and what it shall be is made clear in Halbert v. Netherlands Investment Company of Canada, 1945 CanLII 21 (SCC), [1945] S.C.R. 329.
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