Bankruptcy Act 1966
If the Official Receiver is required by subsection 185P(2) to process a proposal to terminate a debt agreement, the Official Receiver must write to each of the affected creditors who is known to the Official Receiver, asking each affected creditor to indicate whether the proposal should be accepted.185PA(2) Writing to creditors to deal with a proposal.
(a) provide the creditor with a copy of:
(i) the proposal; and
(ii) the relevant subsection 185P(1B) statement; and
(b) ask the creditor to give a written statement setting out whether or not the proposal should be accepted; and
(c) inform the creditor of the person to whom the statement should be given and of the need to give the statement before the applicable deadline. 185PA(3)
The paragraph (2)(b) statement must be in the approved form. 185PA(4)
Paragraphs (2)(b) and (c) do not apply in relation to an affected creditor who:
(a) is the administrator of the debt agreement; or
(b) was, on becoming an affected creditor, a related entity of the administrator.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.