Investor Presentaiton

STAY OF PROCEEDINGS Section 55 - Notice of Intention to make a Proposal (AUTOMATIC STAY) Once a notice of intention is filed with the OSI, this prevents creditors from seeking full recovery until the trustee has been discharged or the insolvent person becomes bankrupt. Section 56 - Upon Bankruptcy Similar to Section 55, prevents creditors from enforcing claims on the bankruptcy of the debtor until the trustee has been discharged. Section 57 - Application to the Court for the removal of stay A creditor who's affected by the operations of Section 55 or 56, may apply to the court for the removal of the stay.

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