Bankruptcy Act 1966
PART VI
-
ADMINISTRATION OF PROPERTY
Division 1
-
Proof of debts
SECTION 95
95
PROOF IN RESPECT OF DISTINCT CONTRACTS
Where a person was, at the time when he or she became a bankrupt, liable in respect of distinct contracts as a member of 2 or more distinct firms, or as a sole contractor and also as a member of a firm, the fact that the firms are in whole or in part composed of the same individuals, or that the sole contractor is also a member of the firm, does not prevent proof in respect of the contracts against the estates respectively liable on the contracts.
Where a person was, at the time when he or she became a bankrupt, liable in respect of distinct contracts as a member of 2 or more distinct firms, or as a sole contractor and also as a member of a firm, the fact that the firms are in whole or in part composed of the same individuals, or that the sole contractor is also a member of the firm, does not prevent proof in respect of the contracts against the estates respectively liable on the contracts.
[ CCH Note: Modification Declaration FRLI No F2021L00261 (FRLI No F2021L00261, registered on 19 March 2021 and effective from 1 April 2021.)
Section 95 of the Act is modified by substituting " deceased debtor whose estate is being administered under Part XI was, at the time of the debtor ' s death " for " person was, at the time when he or she became a bankrupt " .]
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.