Bankruptcy Regulations 2021

SCHEDULE 4 - MODIFICATIONS UNDER PART XI OF THE ACT - ADMINISTRATION OF ESTATES OF DECEASED PERSONS  

Note:

31   Section 88  
Omit " A payment made by a debtor to a creditor before the debtor became a bankrupt and representing in part principal and in part interest " , substitute:

A payment that:

(a) is made to a creditor by;

(i) the deceased debtor before the person ' s death; or

(ii) the deceased debtor ' s estate before the date of the order for the administration of the estate; and

(b) represents in part principal and in part interest;