Clause 51

by deleting subsection (1) and substituting the following subsection:“(1) An individual shall be guilty of an offence if, being an undischarged bankrupt —

either alone or jointly with any other person, the individual obtains credit to the extent of not less than $1,000 (or such higher amount as may be prescribed) from any person without informing that person, at the time the credit is obtained, that the individual is an undischarged bankrupt;

the individual engages in any trade or business under a name other than that under which the individual was adjudged bankrupt without disclosing to every person with whom the individual enters into any business transaction, at the time the transaction is entered into, the name under which the individual was adjudged bankrupt; or

the individual provides a guarantee, indemnity or security to the extent of not less than $1,000 (or such higher amount as may be prescribed) in respect of any amount borrowed or charged or any credit obtained by another person, without informing the lender or creditor, at the time the guarantee, indemnity or security is provided, that the individual is an undischarged bankrupt.”; and

by deleting the section heading and substituting the following section heading:“Obtaining credit, engaging in business, or standing as guarantor”.