Bankruptcy Act 1966

PART IV - PROCEEDINGS IN CONNEXION WITH BANKRUPTCY  

Division 3 - Debtors ' petitions  

SECTION 56E   EFFECTS OF ACCEPTANCE OF A DEBTOR ' S PETITION AGAINST A PARTNERSHIP  

56E(1)  
When the Official Receiver notes the fact of acceptance on a petition that has not been amended under a direction of the Court, each member of the partnership becomes a bankrupt by force of this section.

56E(2)  
When the Official Receiver notes the fact of acceptance on a petition that has been amended under a direction of the Court, each member of the partnership to whom the petition applies becomes a bankrupt by force of this section.

56E(3)  
A person who becomes a bankrupt by force of this section continues to be a bankrupt until:


(a) he or she is discharged by force of subsection 149(1) ; or


(b) his or her bankruptcy is annulled by force of subsection 74(1) or 153A(1) or under section 153B .

56E(4)  
If a registered trustee is the trustee of the estate of a person who becomes a bankrupt under this section, the Official Receiver must:


(a) notify the trustee of the bankruptcy; and


(b) give the trustee a copy of each statement of affairs that accompanied the debtor ' s petition.


 

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