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Bankruptcy and Insolvency Act

Version of section 127 from 2004-12-15 to 2024-02-06:

Marginal note:Proof by secured creditor

  •  (1) Where a secured creditor realizes his security, he may prove the balance due to him after deducting the net amount realized.

  • Marginal note:May prove whole claim on surrender

    (2) Where a secured creditor surrenders his security to the trustee for the general benefit of the creditors, he may prove his whole claim.

  • R.S., 1985, c. B-3, s. 127
  • 2004, c. 25, s. 67(F)

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