Bankruptcy and Insolvency Act

Marginal note:Creditors shall prove claims

• 124 (1) 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.

• Marginal note:Proof by delivery

  (2) A claim shall be proved by delivering to the trustee a proof of claim in the prescribed form.

• Marginal note:Who may make proof of claims

  (3) 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.

• Marginal note:Shall refer to account

  (4) 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.

• Marginal note:Whether secured or preferred

  (5) The proof of claim shall state whether the creditor is or is not a secured or preferred creditor.