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StatuteBankruptcy and Insolvency Act

Section 215.1 — Bankruptcy and Insolvency Act: Claims in foreign currency

Text of the provision Official document

A claim for a debt that is payable in a currency other than Canadian currency is to be converted to Canadian currency in the case of a proposal in respect of an insolvent person and unless otherwise provided in the proposal, if a notice of intention was filed under subsection 50.4(1), as of the date the notice was filed or, if no notice was filed, as of the date the proposal was filed with the official receiver under subsection 62(1); in the case of a proposal in respect of a bankrupt and unless otherwise provided in the proposal, as of the date of the bankruptcy; or in the case of a bankruptcy, as of the date of the bankruptcy.

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

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.