BANKRUPTCY ACT 1966

PART VI - ADMINISTRATION OF PROPERTY  

Division 4A - Orders in relation to property of entity controlled by bankrupt or from which bankrupt derived a benefit  

SECTION 139EA   139EA   ORDER RELATING TO INCREASE IN VALUE OF PROPERTY OF NATURAL PERSON  


If, on an application under section 139A for an order in relation to a respondent entity that is a natural person, the Court is satisfied that:


(a) during the examinable period, the value of the entity ' s interest in particular property increased as a direct or indirect result of financial contributions made by the bankrupt during that period; and


(b) the bankrupt used, or derived (whether directly or indirectly) a benefit from, the property at a time or times during the examinable period;

the Court may, by order, direct the entity to pay to the applicant a specified amount not exceeding the amount by which the value of the entity ' s interest in the property increased as a result of the financial contributions made by the bankrupt.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.