Insolvency Act CAP 53▤
Insolvent transaction presumed
For the purposes of section 196, a transaction that was entered into within the six months before a bankrupt is adjudged bankrupt…
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727 results · Insolvency Act CAP 53
Insolvency Act CAP 53▤
Meaning of insolvent transaction for purposes of sections 196
(1) For the purposes of section 196, a transaction is an insolvent transaction by a bankrupt if it— (a) is entered into or made at…
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Insolvency Act CAP 53▤
Insolvent transactions may be cancelled by bankruptcy trustee
A transaction by a bankrupt can be cancelled on the bankruptcy trustee's initiative if it— (a) is an insolvent transaction; and (b…
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Insolvency Act CAP 53▤
Power to extend certain periods specified in this Division
For the purposes of this Division, a two year period or a six months period referred to in this Division can be extended— (a) in t…
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Insolvency Act CAP 53▤
Application of Division 19
(1) This Division applies to the following irregular transactions by the bankrupt before the bankruptcy commenced— (a) an insolven…
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Insolvency Act CAP 53▤
Bankruptcy trustee may recover advocate's costs
(1) The bankruptcy trustee may recover money paid by a bankrupt to the bankrupt's advocate for costs in obtaining a bankruptcy ord…
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Insolvency Act CAP 53▤
Bankrupt's co-contractor may sue and be sued if there is a joint contractual liability
If the bankrupt is jointly liable under a contract with another person, that other person may sue and be sued on the contract with…
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Insolvency Act CAP 53▤
Transaction with bankrupt made in ignorance of bankruptcy
(1) This section applies to a payment of money or a delivery of property to a person who is adjudged bankrupt, whether the payment…
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Insolvency Act CAP 53▤
Contract terminated by other contracting party
(1) This section applies if the other party to a contract to which the bankrupt is a party, in accordance with a term of the contr…
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Insolvency Act CAP 53▤
Bankruptcy trustee may continue or disclaim bankrupt's contracts entered into before bankruptcy commenced
If a bankrupt is a party to a contract, the bankruptcy trustee may— (a) continue the contract, subject to the terms of the contrac…
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Insolvency Act CAP 53▤
Entitlement of examinee to be represented
(1) A person (including the bankrupt) who is examined or questioned at a public examination of a bankrupt is entitled to be repres…
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Insolvency Act CAP 53▤
Offences relating to examinations of bankrupts
(1) A person who, without reasonable excuse— (a) fails to attend an examination as required by section 180(1); (b) fails to delive…
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Insolvency Act CAP 53▤
No privilege against self-incrimination, but statements not generally admissible in criminal proceedings against their maker
(1) A person (including the bankrupt) who is examined or questioned at a public examination of a bankrupt shall answer all questio…
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Insolvency Act CAP 53▤
Power to extend examination companies controlled by bankrupt and bankrupt's associates
(1) If authorised by the Court, the bankruptcy trustee or a person appointed by that trustee may exercise the powers specified in…
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Insolvency Act CAP 53▤
Bankrupt entitled to be paid expenses for attending examination
(1) A bankrupt is entitled to be paid such expenses for attending a public examination before the Court as are prescribed by the i…
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Insolvency Act CAP 53▤
Consequence of bankrupt's failing to attend examination
If the bankrupt does not appear for the examination at the appointed time and has no reasonable excuse— (a) the Court may, either…
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Insolvency Act CAP 53▤
When examination ends
(1) The public examination of a bankrupt ends when the Court makes an order declaring that the examination is ended. (2) The Court…
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Insolvency Act CAP 53▤
Bankruptcy trustee to ensure record of examination is kept
(1) On the holding of a public examination of a bankrupt before the Court, the Court shall ensure that a written record is made of…
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Insolvency Act CAP 53▤
Conduct of public examination before the Court
(1) At the time and date fixed by the Court for holding the public examination of a bankrupt, the bankrupt shall attend the examin…
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Insolvency Act CAP 53▤
Bankruptcy trustee to lodge report with the Court before start of examination
Before the public examination of a bankrupt before the Court begins, the bankruptcy trustee shall lodge with the Court a report on…
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Insolvency Act CAP 53▤
Bankruptcy trustee to serve notice of examination on bankrupt
(1) As soon as practicable after the Court has made an order under section 177, the bankruptcy trustee shall serve a copy of the o…
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Insolvency Act CAP 53▤
Court to hold public examination if bankruptcy trustee or creditors require
(1) At any time before an absolute order for a bankrupt's discharge is made— (a) the bankruptcy trustee; or if a ordinary resoluti…
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Insolvency Act CAP 53▤
Offences relating to conduct of examinations by bankruptcy trustee
(1) A person who, without reasonable excuse— (a) fails to comply with a summons attend the public examination of a bankrupt as req…
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Insolvency Act CAP 53▤
No lien over bankrupt's documents and other records
(1) A person is not entitled as against the bankruptcy trustee to withhold possession of, or claim a lien over— (a) a document tha…
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