WEDNESDAY, JUNE 22, 198
31
BETTER USE OF BANKRUPTCY JUDGE'S TIME
THE PURPOSE OF THE BANKRUPTCY (AMENDMENT) BILL 1988 IS TO ENABLE THE BANKRUPTCY JUDGE TO GIVE MORE TIME то THE HEARING OF CONTESTED BANKRUPTCY PETITIONS BY ALLOWING THE SUPREME COURT MASTERS TO HEAR UNCONTESTED PETITIONS, THE CHIEF SECRETARY, SIR DAVID FORD, SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
"THIS WILL CONTRIBUTE TO A BETTER USE OF THE BANKRUPTCY JUDGE'S TIME," SIR DAVID SAID WHEN MOVING THE SECOND READING OF THE BILL.
"UNDER THE EXISTING LAWS, A BANKRUPTCY PETITION MAY BE PRESENTED BY A PETITIONING CREDITOR ON THE DEBTOR COMMITTING AN ACT OF BANKRUPTCY, HE SAID.
"THE DEBTOR MAY OBJECT TO THE PETITION BY FILING HIS OBJECTION WITH THE OFFICIAL RECEIVER NOT LESS THAN THREE DAYS PRIOR ΤΟ THE HEARING, ON NOTICE TO THE PETITIONING CREDITOR OR HIS SOLICITOR.
է.
THE
'A DEBTOR MAY ALSO PETITION FOR HIS OWN BANKRUPTCY AND OFFICIAL RECEIVER IS ENTITLED TO APPEAR IN ANY PROCEEDINGS IN RESPECT OF THAT BANKRUPTCY. THESE PETITIONS, WHICH ARE RARE, ARE GENERALLY UNOPPOSED.
++
SIR DAVID SAID THAT IF A CREDITOR'S PETITION WAS NOT CONTESTED, IT WAS SRT DOWN WITH DEBTORS' PETITIONS ON THE UNOPPOSED LIST FOR HEARING ON THE SAME MORNING.
"IT IS THESE HEARINGS WHICH IT IS NOW PROPOSED SHOULD BK BEFORE A MASTER OF THE SUPREME COURT, RATHER THAN THE BANKRUPTCY JUDGE, HE SAID.
.י
ON THE
"IN THE EVENT OF LATE OPPOSITION TO A PETITION UNOPPOSED LIST, THE PETITION MAY CEASE TO BE UNOPPOSED AND THE MASTER WILI. REMIT IT TO THE BANKRUPTCY JUDGE.
"THE MASTER MAY ALSO REMIT ΤΟ THE JUDGE ANY MATTER OF
COMPLEXITY."
DEBATE ON THE BILL WAS ADJOURNED.
/32