2.1 For the purposes of this Act, the bankruptcy or putting into bankruptcy of a person occurs at the time or date of

(a) the granting of a bankruptcy order against the person;

(b) the filing of an assignment by or in respect of the person; or

(c) the event that causes an assignment by the person to be deemed.

1997, c. 12, s. 2; 2004, c. 25, s. 8.