BANKRUPTCY ACT 1966

PART VI - ADMINISTRATION OF PROPERTY  

Division 5 - Distribution of property  

SECTION 146   146   DISTRIBUTION OF DIVIDENDS WHERE BANKRUPT FAILS TO FILE STATEMENT OF AFFAIRS  
Where a bankrupt has failed to file a statement of his or her affairs as required by this Act, the Court may, on the application of the trustee, upon such terms as it thinks fit, order that distribution of dividends amongst the creditors who have proved their debts shall proceed in accordance with this Division as if the bankrupt had filed a statement of his or her affairs and those creditors had been stated to be creditors in it.




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