7Postponement of rights of person lending or selling in case of

7 Postponement of rights of person lending or selling in case of bankruptcy Where: (a) a person to whom money has been advanced by way of loan on a contract referred in section 6; or (b) a buyer of goodwill in consideration of a share of the profits of a business, becomes bankrupt, enters into an arrangement to pay his or her creditors less than 100 cents in the dollar or dies insolvent, (c) the lender of the loan is not entitled to recover anything in respect of the loan; and (d) the seller of the goodwill is not entitled to recover anything in respect of the share of profits contracted for, until the claims of the other creditors of the borrower or buyer for valuable consideration in money or money's worth have been satisfied.