▁annual ▁fe es . ▁ ▁However , ▁a ▁S ask atch ew an ▁Act ▁that ▁required ▁credit ors ▁to ▁serve ▁a ▁notice ▁of ▁intention , ▁eng age ▁in ▁mand atory ▁med iation , ▁and ▁prove ▁that ▁the ▁deb tor ▁has ▁no ▁reasonable ▁possibility ▁of ▁meeting ▁its ▁oblig ations ▁or ▁is ▁not ▁making ▁a ▁s inc ere ▁and ▁reasonable ▁effort ▁to ▁meet ▁its ▁oblig ations ▁before ▁it ▁can ▁begin ▁an ▁action ▁with ▁respect ▁to ▁farm ▁land ▁was ▁held ▁not ▁to ▁be ▁incons istent ▁with ▁the ▁B IA , ▁as ▁co oper ative ▁federal ism ▁dict ates ▁that ▁provincial ▁legisl ative ▁power ▁should ▁not ▁be ▁const rained , ▁absent ▁an ▁actual ▁incons ist ency . ▁ ▁History ▁and ▁development ▁ ▁Cons olid ation ▁of ▁pre - Conf eder ation ▁legisl ation ▁▁ ▁No ▁specific ▁legisl ation ▁on ▁bank rupt cy ▁and ▁ins ol ven cy ▁previously ▁existed ▁in ▁New ▁Brun sw ick ▁and ▁Nova ▁Scot ia . ▁ ▁Development ▁of ▁federal ▁legisl ation ▁ ▁Bank rupt cy ▁process ▁ ▁Prote ct ive ▁prov isions ▁ ▁A ▁secured ▁cred itor ▁cannot ▁en force ▁security ▁on ▁the ▁business ▁assets ▁of ▁an ▁ins ol vent ▁person ▁without ▁having ▁given ▁ 1 0 ▁days ' ▁advance ▁notice ▁in ▁the ▁pres cribed ▁form ▁and ▁manner . ▁ ▁No ▁person ▁may ▁terminate ▁or ▁am end ▁– ▁or ▁claim ▁an ▁acceler ated ▁payment ▁or ▁for fe iture ▁of ▁the ▁term ▁under ▁– ▁any ▁agreement , ▁including ▁a ▁security ▁agreement , ▁with ▁a ▁bank rupt ▁individual ▁by ▁reason ▁only ▁of ▁the ▁individual '