182909-1931-Supplementary-Bills-read-a-first-time--Bankruptcy — Page 1

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LEGISLATIVE COUNCIL.

No. S. 162.-The following Bills were read a first time at a meeting of the Council held on the 7th May, 1931 :-

BANKRUPTCY ORDINANCE, 1931.

[ORDINANCE No.

OF 1931]

Table of Contents.

Section.

PART I

SHORT TITLE AND INTERPRETATION.

1. Short title.

2

Interpretation.

PART II.

PROCEEDINGS FROM ACT OF BANKRUPTCY TO

DISCHARGE.

ACTS OF BANKRUPTCY,

3. Acts of bankruptcy.

4. Bankruptcy notices.

RECEIVING ORDER.

5. Jurisdiction to make receiving order.

6. Conditions on which creditor may petition.

7. Liability of firm to have receiving order made against it.

8. Powers of Official Receiver and duties of debtor on

petition being filed.

9. Creditor's petition and order thereon.

10. Debtor's petition and order thereon.

11. Appearance of Official Receiver on petition.

12. Effect of receiving order.

13. Power to appoint interim receiver.

14. Power to stay pending proceedings. 15. Power to appoint special manager. 16. Advertisement of receiving order.

PROCEEDINGS CONSEQUENT ON ORDER.

17. First and other meetings of creditors. 18. Debtor's statement of affairs.

PUBLIC EXAMINATION OF DEBTOR.

19. Public examination of debtor.

COMPOSITIONS AND SCHEMES OF ARRANGEMENT.

20. Compositions and schemes of arrangement.

21. Effect of composition or scheme.

ADJUDICATION OF BANKRUPTCY.

22. Adjudication of bankruptcy where composition not

accepted or not approved.

23. Appointment of trustee.