Insolvency Act CAP 53▤
Notice of application by creditor or beneficiary
If an application has been lodged by a creditor or beneficiary under section 365, the applicant shall give notice of the applicati…
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727 results · Insolvency Act CAP 53
Insolvency Act CAP 53▤
Application by creditor or beneficiary for order under this Part
(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…
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Insolvency Act CAP 53▤
Application by executor or administrator, etc
(1) The executor or administrator, or a person who is applying to the Court for a grant of probate or letters of administration, m…
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Insolvency Act CAP 53▤
Court may order that estate be administered under this Part
(1) The Court may order that the estate of a deceased debtor be administered under this Part on the application— (a) under section…
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Insolvency Act CAP 53▤
Interpretation: Part V
(1) In this Part— "administrator" has the same meaning as in the Law of Succession Act (Cap. 160); "beneficiary", in relation to a…
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Insolvency Act CAP 53▤
Discharge does not release debtor's business partners and others
A discharge under section 359 does not release a person who, at the date of discharge, was— (a) a business partner of the discharg…
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Insolvency Act CAP 53▤
Effect of discharge of debtor's participation in no-asset procedure
(1) On discharge under section 359— (a) the debtor's debts that became unenforceable on the debtor's entry to the no-asset procedu…
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Insolvency Act CAP 53▤
Discharge of debtor's participation in no-asset procedure
(1) A debtor who is participating in the no-asset procedure is automatically discharged from that procedure at the end of twelve m…
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Insolvency Act CAP 53▤
Creditor may apply to Official Receiver for termination of debtor's participation in noasset procedure
A creditor may apply to the Official Receiver for termination of the debtor's participation in the no-asset procedure on the groun…
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Insolvency Act CAP 53▤
Effect of termination of debtor's participation in no-asset procedure
(1) On termination of the debtor's participation in the no-asset procedure— (a) the debtor's debts that became unenforceable on th…
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Insolvency Act CAP 53▤
Official Receiver may apply for preservation order on ground of debtor's misconduct
(1) If the Official Receiver terminates a debtor's participation in the no-asset procedure on the ground that the debtor has conce…
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Insolvency Act CAP 53▤
When Official Receiver may terminate no-asset procedure
(1) The Official Receiver shall terminate a debtor's participation in the no-asset procedure if satisfied— (a) that the debtor was…
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Insolvency Act CAP 53▤
How debtor's participation in the no-asset procedure is terminated
A debtor's participation in the no-asset procedure terminates when— (a) the Official Receiver terminates the debtor's participatio…
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Insolvency Act CAP 53▤
Offence for person admitted to no-asset procedure to obtain credit
(1) A person who, while admitted to the no-asset procedure— (a) alone or jointly with another person, obtains credit of one hundre…
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Insolvency Act CAP 53▤
Debtor's duties after entry to no-asset procedure
(1) On being required by the Official Receiver to do so, the debtor shall provide the Official Receiver with such assistance, docu…
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Insolvency Act CAP 53▤
Creditors may not enforce debts of debtor admitted to no-asset procedure
(1) A creditor of a debtor may not, after the debtor has been admitted to the no-asset procedure, begin or continue any step to re…
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Insolvency Act CAP 53▤
Public register of persons admitted to no-asset procedure
(1) The Official Receiver shall establish and maintain a public register of persons admitted to the noasset procedure and persons…
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Insolvency Act CAP 53▤
When debtor admitted to no-asset procedure
(1) A debtor is admitted to the no-asset procedure when the Official Receiver sends the debtor a notice in the form prescribed by…
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Insolvency Act CAP 53▤
Restrictions on debtor obtaining credit after application made
(1) A debtor who has applied for entry to the no-asset procedure shall not obtain credit (including credit under a credit purchase…
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Insolvency Act CAP 53▤
Official Receiver to notify creditors
As soon as practicable after receiving an application from a debtor for entry to the no-asset procedure, the Official Receiver sha…
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Insolvency Act CAP 53▤
Debtor disqualified from entry to no-asset procedure in certain cases
The Official Receiver shall not admit a debtor to the no-asset procedure if satisfied, on reasonable grounds, that— (a) the debtor…
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Insolvency Act CAP 53▤
Criteria for entry to no-asset procedure
(1) The Official Receiver shall admit a debtor to the no-asset procedure if satisfied on reasonable grounds that— (a) the debtor h…
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Insolvency Act CAP 53▤
Application for entry to no-asset procedure
(1) A debtor who meets the criteria set out in section 345 may apply to the Official Receiver for entry to the no-asset procedure.…
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Insolvency Act CAP 53▤
Division 3: introduction
This Division prescribes a procedure for dealing with a debtor who has no realisable assets.
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