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 139F   COURT TO TAKE ACCOUNT OF INTERESTS OF OTHER PERSONS  

139F(1)   [Order under sec 139D]  

In considering whether or not to make under section 139D or 139DA a particular order relating to property in which the respondent entity has an estate, the Court shall take account of:


(a) the nature and extent of any estate that any other person or entity has in the property and any hardship that the order might cause that other person or entity; and


(b) the respondent entity ' s current net worth and any hardship the order might cause the respondent entity ' s creditors.

139F(2)   [Order under sec 139E]  

In considering whether or not to make a particular order under section 139E or 139EA , the Court shall take account of the respondent entity ' s current net worth and any hardship the order might cause the entity ' s creditors.




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