BANKRUPTCY ACT 1966

PART VI - ADMINISTRATION OF PROPERTY  

Division 5 - Distribution of property  

SECTION 144   144   RIGHT OF CREDITOR WHO HAS NOT PROVED DEBT BEFORE DECLARATION OF DIVIDEND  
A creditor who has not proved his or her debt before the declaration of a dividend is entitled to be paid, out of any available money for the time being in the hands of the trustee, dividends that he or she has failed to receive before that money is applied to the payment of a future dividend, but he or she is not entitled to disturb the distribution of a dividend declared before he or she proved his or her debt.




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