630 ORDINANCE No. 5 OF 1864.
Bankruptcy and Insolvency.
may be applicable, and shall have power to make and enforce all such
orders as it would be authorized to do if the debtor in such deed had been
adjudged bankrupt and his estate were administered in bankruptcy.
Protection of 168. After the copy of the entry made by the Registrar as aforesaid
debtor after
notice of shall have been published in the Hongkong Government Gazette no
registration,
respect of any
&c., of deed. execution , or other process against the debtor's property in
debt, and no process against his person in respect of any debt, other than
such process by writ or warrant as may be had against a debtor about to
depart out of the Colony shall be available to any creditor or claimant
without leave of the Court : and a certificate of the filing and registration
of such deed under the hand of the Registrar and the seal of the Court
shall be available to the debtor for all purposes as a protection in bank
ruptcy.
Stay of pro 169. In case any petition shall be presented for an adjudication
ceedings in
bankruptcy against a debtor after his execution of such deed or instrument as is
after execu
tion of deed hereinbefore described and pending the time allowed for the registration
pending time
allowed for of such deed or instrument, all proceedings under such petition may be
its registra
tion. stayed if the Court shall think fit : and in case such deed or instrument
shall be duly registered as aforesaid the petition shall be dismissed .
Provision in 170. If a debtor cannot obtain the assent of a majority in number
case debtor
cannot obtain representing three - fourths in value, of his creditors, by reason of his
requisite
assent of being unable to ascertain by whom bills of exchange, promissory notes,
creditors.
or other negotiable securities accepted, drawn, made, or endorsed by him
.
are holden, or by reason of the absence of creditors in a foreign country
or other similar circumstances, it shall be sufficient if he obtain the
consent of a majority in number representing three-fourths in value of all
his other creditors to such deed or instrument as aforesaid : Provided
that notice shall have been inserted by or on behalf of the debtor in one
or more newspapers published in the Colony or place at which he shall
have carried on business immediately prior to the date of such deed or
instrument , requiring his creditors to signify their assent to or dissent
from such deed or instrument by notice in writing addressed to the
trustee or trustees thereof within fourteen days from the insertion of such
notice, and that the affidavit or certificate of the trustee or trustees shall
state the circumstances of the case, and the same shall be allowed by the
Court, and if the deed or instrument be in such form as is hereinbefore
provided which shall vest all the estate and effects of the debtor in the