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StatuteBankruptcy and Insolvency Act

Section 123 — Bankruptcy and Insolvency Act: Proof in respect of distinct contracts

Text of the provision Official document

Where a bankrupt was, at the date of the bankruptcy, liable in respect of distinct contracts as a member of two or more distinct firms, or as a sole contractor and also as member of a firm, the circumstance that the firms are in whole or in part composed of the same individuals, or that the sole contractor is also one of the joint contractors, shall not prevent proof, in respect of the contracts, against the properties respectively liable on the contracts.

Official source: laws-lois.justice.gc.ca

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