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StatuteBankruptcy and Insolvency Act

Section 124 — Bankruptcy and Insolvency Act: Creditors shall prove claims

Text of the provision Official document

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. A claim shall be proved by delivering to the trustee a proof of claim in the prescribed form. 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. 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. [Repealed, 2005, c. 47, s. 86]

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

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