Insolvency Act Cap 53 in Kenya

A discharge under section 359 does not release a person who, at the date of discharge, was— (a) a business partner of the discharged debtor; (b) a co-trustee with the discharged debtor; (c) jointly bound or had made any contract with the discharged debtor; or (d) a guarantor or in the nature of a...

(1) In this Part— "administrator" has the same meaning as in the Law of Succession Act (Cap. 160); "beneficiary", in relation to a deceased debtor's estate, means a person who is beneficially interested in the estate; "estate" has the same meaning as in the Law of Succession Act and, in relation...

(1) The Court may order that the estate of a deceased debtor be administered under this Part on the application— (a) under section 364 of the executor or administrator or a person who is applying to the Court for a grant of probate or letters of administration; or (b) under section 365 of— (i) a...

(1) The executor or administrator, or a person who is applying to the Court for a grant of probate or letters of administration, may apply to the Court for an order that the estate be administered under this Part if the executor or administrator or person applying is of the view that the money in...

(1) An application to the Court for an order under this Part may also be made— (a) by a creditor of the deceased's estate, if the creditor's debt has reached the threshold for a creditor's application for bankruptcy; or (b) by a beneficiary. (2) A creditor or beneficiary may apply for such an...

If an application has been lodged by a creditor or beneficiary under section 365, the applicant shall give notice of the application— (a) to the executor or administrator; or (b) if there is no executor or administrator, to the person specified by the Court.

(1) This section applies if— (a) an application has been made to the Court for an order to administer an estate under this Part; and (b) the Court believes that the estate is likely to be better administered by the Official Receiver or the Public Trustee rather than by the person who is or may...

(1) If the Public Trustee is the executor or administrator of, or would be entitled to obtain a grant of administration for, an apparently insolvent estate, the Public Trustee may lodge a certificate under this section. (2) The lodging of a certificate in the prescribed form has the effect both of...

(1) The whole of the estate at the date when the application for the order under this Part was lodged vests in the person appointed by the Court to administer it as trustee. (2) In its order that the estate be administered under this Part or in a subsequent order, the Court shall appoint as...

The trustee shall, as soon as practicable after the estate vests in the trustee, realise, administer, and distribute the assets in accordance with the law and practice of bankruptcy, subject to any modifications in this Part.

(1) This section applies if the estate that vests in the trustee includes any of the deceased's necessary household furniture and effects that would have passed to the deceased's surviving spouse if the estate had not been insolvent. (2) The surviving spouse may select and retain as the spouse's...

(1) The trustee may make an allowance out of the estate to the surviving spouse or to any of the relatives or dependants of the deceased or the surviving spouse for the support of any of them. (2) However, the trustee shall first obtain the consent of the creditors, which is to be expressed in the...

This Division applies if the Court has made an order that the estate of a deceased person be administered under this Part.

The trustee has, in relation to the estate, the same functions and powers as a bankruptcy trustee has in relation to the property of a bankrupt.

(1) The trustee shall distribute the estate in the following order— (a) firstly, payment of all proper costs, charges, debts and expenses of the due administration of the estate, whether incurred before or after the order is made; (b) secondly, payment of the deceased's reasonable funeral...

(1) In this section, "surplus" means the surplus of assets that remains with the trustee after the trustee has paid in full— (a) the debts due by the deceased debtor; (b) the costs of the administration under this Part; and (c) any other money that would be payable in a case of...

If an order that a deceased's estate be administered under this Part is notified to the deceased's executor or administrator, the executor or administrator may obtain a proper discharge for any payment of money or disposition of property by the executor or administrator only if the payment or...

(1) A trustee may take a step that a bankruptcy trustee could have taken under Division 19 of Part III (for example, by cancelling an irregular transaction) as if the deceased had been bankrupt at the time of death. (2) When a trustee takes such a step, the following further additional restrictions...

The trustee may cancel an execution against the deceased debtor's estate unless it was completed more than three months before the date of the order that the estate be administered under this Part.

A payment made, or an act done or omitted to be done, in good faith by an executor or administrator in respect of a deceased's estate before the executor or administrator had notice of an intention to apply for an order that the estate be administered under this Part is not invalidated by any other...

(1) This Part applies to the liquidation of a company registered under the Companies Act (Cap. 486). (2) A liquidation may be either— (a) voluntary in accordance with Divisions 2 to 5; or (b) by the Court in accordance with Division 6. (3) This Division and Divisions 7 to 10 relate to liquidation...

In this Part— (a) a liquidation in the case of which a directors' statutory declaration under section 398 has been made is a "members' voluntary liquidation"; and (b) a liquidation in the case of which such a declaration has not been made is a "creditors' voluntary liquidation".

(1) In this Part— "contributories"— (a) means all persons liable to contribute to the assets of a company if it is liquidated; and (b) for the purposes of all proceedings for determining, and all proceedings before the final determination of, the persons who are to be treated as contributories...

(1) For the purposes of this Part, a company is unable to pay its debts— (a) if a creditor (by assignment or otherwise) to whom the company is indebted for hundred thousand shillings or more has served on the company, by leaving it at the company's registered office, a written demand requiring the...

(1) When a company is being liquidated, every present and former member is liable to contribute to its assets to any amount sufficient for payment of its debts and liabilities, and the expenses of the liquidation, and for the adjustment of the rights of the contributories among...

(1) In this section, "relevant payment" means a payment made out of capital in respect of the redemption or purchase by a company of any of its own shares. (2) This section applies if a company is in liquidation and— (a) it has, under the Companies Act (Cap. 486), made a payment out of capital in...

(1) This section applies to a company that is in liquidation if it was previously registered as unlimited but has since become re-registered as a limited company. (2) Despite section 385(2)(a), a former member who was a member of the company at the time of its reregistration is, if the liquidation...

(1) This section applies to a company in liquidation that has previously been registered as limited but has since become re-registered as unlimited. (2) A person who, at the time when the application for the company to be re-registered was lodged, was a former member of the company and did not...

The liability of a contributory creates an ordinary contract debt due from the contributory at the time when the contributor's liability began, but payable at the times when calls are made to enforce the liability.

(1) If a contributory dies either before or after being placed on the list of contributories, the contributory's personal representatives are, in administering the contributory's estate, liable to contribute to the assets of the company in discharge of the contributory's liability and are therefore...