Bankruptcy and Insolvency Act
Version of section 127 from 2004-12-15 to 2024-10-30:
Marginal note:Proof by secured creditor
127 (1) Where a secured creditor realizes his security, he may prove the balance due to him after deducting the net amount realized.
Marginal note:May prove whole claim on surrender
(2) Where a secured creditor surrenders his security to the trustee for the general benefit of the creditors, he may prove his whole claim.
- R.S., 1985, c. B-3, s. 127
- 2004, c. 25, s. 67(F)
- Date modified: