AY, Y 8, 1792
MR NENDICK SAID THE PROPOSED RULE ENABLED A CREDITOR ESTABLISH HIS CLAIM BY FILING A PROOF OF DEBT IN THE PRESCRIBED AND PAYING THE PRESCRIBED FEE.
TO FORM
THE PROOF OF DEBT NEED NOT BE SWORN BUT THE CREDITOR HAS TO DECLARE AS TO THE TRUTH OF THE PARTICULARS THEREOF, AND HAS TO SUBMIT THE ORIGINALS OR COPIES OF DOCUMENTS BY REFERENCE TO WHICH HIS DEBT CAN BE SUBSTANTIATED. HE SAID.
THE OFFICIAL RECEIVER OR THE TRUSTEE MAY CALL FOR DOCUMENTS AS MAY BE NECESSARY.
THEY ARE ALSO GIVEN THE DISCRETION TO REQUIRE A VERIFY HIS CLAIM BY AFFIDAVIT IN APPROPRIATE CASES.
ANY OTHER
CREDITOR ΤΟ
A SECURED CREDITOR IS REQUIRED TO STATE HIS STATUS AS SUCH, OR HE WILL SURRENDER HIS SECURITY TO THE OFFICIAL RECEIVER OR THE TRUSTEE FOR THE GENERAL BENEFIT OF CREDITORS.
ALSO APPROVED BY THE COUNCIL ARE THE BANKRUPTCY RULES 1992 AND BANKRUPTCY (FORMS) (AMENDMENT) RULE 1992.
TO
(AMENDMENT}
OBVIATE THE
THE BANKRUPTCY (AMENDMENT} RULES 1992 SEEK REQUIREMENT FOR SWORN PROOFS, WHILE RETAINING THE FLEXIBILITY ΤΟ REQUIRE THEM WHEN NECESSARY.
IN ACCORDANCE WITH THE NEW PROCEDURES, THE BANKRUPTCY (FORMS) ( AMENDMENT) RULE 1992 INTRODUCES TWO NEW FORMS FOR USE BY CREDITORS TO ESTABLISH THEIR CLAIMS IN BANKRUPTCY PROCEEDINGS AND REPEALS THE EXISTING PROOF OF DEBT FORM.
THE ACTING CHIEF JUSTICE MADE THE RULES UNDER THE RESPECTIVE ORDINANCES ON JUNE 10.
MOTION ON CHINA'S MFN STATUS PASSED
A MOTION PROPOSED BY THE HON VINCENT CHENG ON MOST FAVOURED NATION STATUS FOR CHINA WAS PASSED IN THE LEGISLATIVE COUNCIL AFTER A THREE-HOUR DEBATE TODAY (WEDNESDAY).
THE AMENDED MOTION MOVED BY DR THE HON
DEFEATED.
HUANG CHEN-YA WAS
ALSO PASSED WERE A MOTION MOVED BY REV THE HON FUNG CHI-WOOD ON ENERGY POLICY AND A MOTION MOVED BY THE HON MRS ELSIE TU ON THE STANDING ORDERS OF THE COUNCIL.
IN ADDITION, 10 MEMBERS SPOKE IN THE ADJOURNMENT PATIENTS' RIGHTS RAISED BY PROF THE HON FELICE LIEH MAK.
DEBATE
ON
COUNCIL