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THE HONGKONG GOVERNMENT GAZETTE, 7TH NOVEMBER, 1891.
9. The Governor may at any time after the passing of this Ordinance and from time to time appoint such person as he thinks fit to be Official Receiver of debtor's Estates under this Ordinance and may remove such person from such office. The Official Receiver shall act under the general authority and directions of the Governor and shall also be an Officer of the Court.
10. (1.) On the making of a receiving order the Official Receiver shall be thereby constituted receiver of the property of the debtor and by such order the Court shall direct whether any creditor to whom the debtor is indebted in respect of any debt provable in bankruptcy shall have any remedy against the property or person of the debtor in respect of the debt taken away or stayed or whether any action or other legal proceedings or the taking out or proceeding with any execution against the property or person of the debtor shall be stayed and if so upon what terms. Such terms may include an order that the debtor find sufficient security to appear and abide by all orders of the Court in relation to the Bankruptcy proceedings.
(2.) Nothing in sub-section (1) of this section shall affect the power of any secured creditor to realise or other- wise deal with his security in the same manner as he would have been entitled to realise or deal with it if this section had not been passed.
(3.) If at the date of the receiving order the debtor is a prisoner under an execution for a civil debt, he shall not he entitled to his release unless by order of the Court but the Court in its discretion may order his release either uncon- ditionally or subject to such conditions as it may deem fit to secure the debtor's presence at the subsequent proceed- ings or otherwise,
11. (1.) The Court if it thinks fit if it is shown to be necessary for the protection of the estate may at any time after the presentation of a bankruptcy petition and before a receiving order is made appoint the Official Receiver to be Interim Receiver of the property of the debtor or of any part thereof and direct him to take immediate possession thereof or of any part thereof including all books of account and other papers and documents belonging to the debtor and relating to his business.
(2.) At any time after the presentation of a bankruptcy petition the Court may in its discretion stay any action execution or other legal process against the property or person of the debtor or allow it to continue on such terms as it may think just.
12. In cases where it is desirable that the debtor's busi- ness be temporarily carried on and it is inconvenient for the Official Receiver to carry it on the Court may appoint a special manager for the purpose to act under the direction of the Official Receiver until the appointment of the Trustee. The Court may also if necessary appoint an Interim Receiver for the protection of the estate to act under the direction of the Official Receiver. The special manager or Interim Receiver shall receive such remuneration and give such security as the Court may order.
13. Notice of every receiving order stating the name address and description of the debtor and the date of the order and the date of the petition shall be gazetted and advertised in at least one local newspaper by the Official Receiver.
14. (1.) As regards the estate of a debtor it shall be the duty of the Official Receiver-
(a.) To act as interim receiver of the debtor's estate pending the appointment of a Trustce and where a special manager has not been appointed to act as manager thereof.
(b.) To raise money for the purpose of the estate in any case where in the interests of creditors it appears necessary to do so.
(c.) To take possession of all the books documents and papers of the debtor and of all or any part of the property of the debtor.
(d.) To summon and preside at the first meeting of
creditors.
e.) To issue forms of proxy for use at the meetings
of creditors.
(f) To report to the creditors as to any proposal which the debtor may have made with respect to the mode of liquidating his affairs.
Appointment of Official Receiver.
Effect of receiving order.
Order for im- mediate pos- Rossion of Bankrupt's property after petition.
Stay of pro- ceedings.
Appointment of manager or Interim Receiver.
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of receiving order.
Duties of Official Beceivor.
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