BANKRUPTCY ACT 1966

PART IV - PROCEEDINGS IN CONNEXION WITH BANKRUPTCY  

Division 2A - Declaration of intention to present debtor ' s petition  

SECTION 54B   54B   WHEN DEBTOR DISQUALIFIED FROM PRESENTING DECLARATION  
A debtor is not entitled to present a declaration under section 54A :


(a) when the debtor is not entitled, except with the leave of the Court, to present a petition under section 55 ;


(b) after a creditor ' s petition presented against the debtor is served on the debtor and before:


(i) a sequestration order is made on the petition;

(ii) the petition is withdrawn or dismissed; or

(iii) the petition lapses under subsection 52(4) ;


(c) after a debtor ' s petition is presented against the debtor and before the petition is accepted or rejected;


(d) while the debtor ' s property is subject to control under Division 2 of Part X ;


(e) within 6 months after the debtor signs an authority under section 188 ; or


(f) within 12 months after a declaration presented by the debtor under section 54A is accepted under section 54C .


 

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