BANKRUPTCY ACT 1966

PART IX - DEBT AGREEMENTS  

Division 2 - Debt agreement proposals  

SECTION 185G   185G   LAPSING OF A DEBT AGREEMENT PROPOSAL  


A debt agreement proposal lapses if:


(a) (Repealed by No 44 of 2007)


(b) the Official Receiver accepts the proposal for processing and writes to affected creditors about it, but no replies are received before the applicable deadline; or


(c) the debtor dies after giving the proposal to the Official Receiver but before a debt agreement is made on the basis of the proposal.

Note:

Section 185H deals with the making of a debt agreement.




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