Bankruptcy and Insolvency Act

Version of section 137 from 2002-12-31 to 2009-09-17:


Marginal note:Postponement of claims from reviewable transactions

  •  (1) A creditor who entered into a reviewable transaction with a debtor at any time prior to the bankruptcy of the debtor is not entitled to claim a dividend in respect of a claim arising out of that transaction until all claims of the other creditors have been satisfied unless the transaction was in the opinion of the trustee or of the court a proper transaction.

  • Marginal note:Claim of present or former spouse or common-law partner

    (2) A spouse or common-law partner, or former spouse or common-law partner, of a bankrupt is not entitled to claim a dividend in respect of wages, salary, commission or compensation for work done or services rendered in connection with the trade or business of the bankrupt until all claims of the other creditors have been satisfied.

  • R.S., 1985, c. B-3, s. 137
  • 2000, c. 12, s. 15
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