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Bankruptcy and Insolvency Act

Version of section 124 from 2002-12-31 to 2009-09-17:

Marginal note:Creditors shall prove claims

  •  (1) Every creditor shall prove his claim, and a creditor who does not prove his claim is not entitled to share in any distribution that may be made.

  • Marginal note:Proof by delivery

    (2) A claim shall be proved by delivering to the trustee a proof of claim in the prescribed form.

  • Marginal note:Who may make proof of claims

    (3) The proof of claim may be made by the creditor himself or by a person authorized by him on behalf of the creditor, and, if made by a person so authorized, it shall state his authority and means of knowledge.

  • Marginal note:Shall refer to account

    (4) The proof of claim shall contain or refer to a statement of account showing the particulars of the claim and any counter-claim that the bankrupt may have to the knowledge of the creditor and shall specify the vouchers or other evidence, if any, by which it can be substantiated.

  • Marginal note:Whether secured or preferred

    (5) The proof of claim shall state whether the creditor is or is not a secured or preferred creditor.

  • R.S., c. B-3, s. 97

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