Bankruptcy and Insolvency Act — B-3 2
Definitions 2 In this Act, affidavit includes statutory declaration and solemn affirmation; ( affidavit ) aircraft objects [Repealed, 2012, c. 31, s. 414] application , with respect to a bankruptcy application filed in a court in the Province of Quebec, means a motion; ( Version anglaise seulement ) assignment means an assignment filed with the official receiver; ( cession ) bank means (a) every bank and every authorized foreign bank within the meaning of section 2 of the Bank Act , (b) every other member of the Canadian Payments Association established by the Canadian Payments Act , and (c) every local cooperative credit society, as defined in subsection 2(1) of the Act referred to in paragraph (b), that is a member of a central cooperative credit society, as defined in that subsection, that is a member of that Association; ( banque ) bankrupt means a person who has made an assignment or against whom a bankruptcy order has been made or the legal status of that person; ( failli ) bankruptcy means the state of being bankrupt or the fact of becoming bankrupt; ( faillite ) bargaining agent means any trade union that has entered into a collective agreement on behalf of the employees of a person; ( agent négociateur ) child [Repealed, 2000, c. 12, s. 8] claim provable in bankruptcy , provable claim or claim provable includes any claim or liability provable in proceedings under this Act by a creditor; ( réclamation prouvable en matière de faillite ou réclamation prouvable ) collective agreement , in relation to an insolvent person, means a collective agreement within the meaning of the jurisdiction governing collective bargaining between the insolvent person and a bargaining agent; ( convention collective ) common-law partner , in relation to an individual, means a person who is cohabiting with the individual in a conjugal relationship, having so cohabited for a period of at least one year; ( conjoint de fait ) common-law partnership means the relationship between two persons who are common-law partners of each other; ( union de fait ) corporation means a company or legal person that is incorporated by or under an Act of Parliament or of the legislature of a province, an incorporated company, wherever incorporated, that is authorized to carry on business in Canada or has an office or property in Canada or an income trust, but does not include banks, authorized foreign banks within the meaning of section 2 of the Bank Act , insurance companies, trust companies or loan companies; ( personne morale ) court , except in paragraphs 178(1)(a) and (a.1) and sections 204.1 to 204.3, means a court referred to in subsection 183(1) or (1.1) or a judge of that court, and includes a registrar when exercising the powers of the court conferred on a registrar under this Act; ( tribunal ) creditor means a person having a claim provable as a claim under this Act; ( créancier ) current assets means cash, cash equivalents — including negotiable instruments and demand deposits — inventory or accounts receivable, or the proceeds from any dealing with those assets; ( actif à court terme ) date of the bankruptcy , in respect of a person, means the date of (a) the granting of a bankruptcy order against the person, (b) the filing of an assignment in respect of the person, or (c) the event that causes an assignment by the person to be deemed; ( date de la faillite ) date of the initial bankruptcy event , in respect of a person, means the earliest of the day on which any one of the following is made, filed or commenced, as the case may be: (a) an assignment by or in respect of the person, (b) a proposal by or in respect of the person, (c) a notice of intention by the person, (d) the first application for a bankruptcy order against the person, in any case (i) referred to in paragraph 50.4(8)(a) or 57(a) or subsection 61(2), or (ii) in which a notice of intention to make a proposal has been filed under section 50.4 or a proposal has been filed under section 62 in