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Part 3 · Effects of opening insolvency proceedings  ›  Division 1 · General effects › Section 90

Prohibition of execution under debts incumbent on estate

(1) Execution in respect of debts incumbent on the estate which was not caused by a transaction by the administrator is inadmissible for a period of six months from the opening of the insolvency proceedings.

(2) The following are not considered to be such debts incumbent on the estate:

1.  obligations under a mutual contract for whose performance the administrator opted;

2.  obligations under a continuing obligation for the period after the first date when the administrator might have terminated such contract;

3.  obligations under a continuing obligation insofar as the administrator receives its consideration for the insolvency estate.

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