BANKRUPTCY ACT 1966

PART X - PERSONAL INSOLVENCY AGREEMENTS  

Division 2 - Meeting of creditors and control of debtor ' s property  

SECTION 189AAA   STAY OF PROCEEDINGS RELATING TO CREDITOR ' S PETITION UNTIL MEETING OF DEBTOR ' S CREDITORS  

189AAA(1)   [Circumstances leading to a stay of proceedings]  

If:


(a) an authority signed by a debtor under section 188 has become effective; and


(b) either:


(i) a creditor ' s petition was presented against the debtor before the authority became effective; or

(ii) a creditor ' s petition is presented against the debtor after the authority became effective but before the first or only meeting of the debtor ' s creditors called under the authority;

proceedings relating to that petition are, by force of this subsection, stayed until:


(c) the conclusion of the meeting; or


(d) the adjournment of the meeting;

whichever is the earlier.

189AAA(2)   [Court power of adjournment]  

This section does not limit subsection 206(1).




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