455. Approval of income payments agreements.

455.     Approval of income payments agreements.

An income payments agreement1 can only be entered into before the bankrupt's discharge2. The official receiver or trustee must provide a draft of the agreement to the bankrupt for the bankrupt's approval3. Within 14 days or such longer period as may be specified by the official receiver or trustee from the date on which the income payments agreement was delivered, the bankrupt must: (1) if the bankrupt decides to approve the agreement, authenticate4 the agreement and return it to the official receiver or trustee; or (2)