1950_BANKRUPTCY_ORDINANCE_ORDINANCE — Page 45

HK Historical Laws 香港歷史法例 All AI Reviewed

Bankruptcy.

[CAP. 6

c. 59, s. 51.

Forms

118, 120.

employed or engaged in the civil service of the Crown, 4 & 5 Geo. 5, or where a bankrupt is in receipt of any pay or pension from the Government or is entitled to any allowance or compensation granted by the Government, the trustee shall receive for distribution among the creditors so much of the bankrupt's pay, salary, pension, allowance or compensation as the court, with the consent of the Governor, on the application of the trustee, may direct.

Form 121.

(2) Where a bankrupt is in receipt of a salary or income other than as aforesaid, the court, on the application of the trustee, may from time to time make such order as it thinks just for the payment of the salary or income or of any part thereof to the trustee, to be applied by him in such manner as the court may direct.

(3) Nothing in this section shall take away or abridge any power to dismiss a bankrupt or to declare the pay, pension, allowance, compensation, salary or income of any bankrupt to be forfeited.

tion of

income of restrained

pation.

property

from antici-

4 & 5 Geo. 5.

57. Where a married woman who has been adjudged bankrupt has property the income of which is subject to a restraint on anticipation, the court shall have power, on the application of the trustee, to order that, during such time as the court may order, the whole or some part of such income be paid to the trustee for distribution amongst the creditors, and in the exercise of such power the court shall have regard to the means of subsistence available for the woman and her children.

58. (1) Until a trustee is appointed the Official Receiver shall be the trustee for the purposes of this Ordinance, and immediately on a debtor being adjudged bankrupt the property of the bankrupt shall vest in the trustee.

(2) On the appointment of a trustee the property shall forthwith pass to and vest in the trustee appointed.

(3) The property of the bankrupt shall pass from trustee to trustee, including under that term the Official Receiver when he fills the office of trustee, and shall vest in the trustee for the time being during his continuance in office, without any conveyance, assignment or transfer whatever.

Rules.

Forms

119, 122.

Vesting and property.

c. 59, s. 53.

transfer of

4 & 5 Geo. 5,

215

*

Page 45

Page 46

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Bankruptcy. [CAP. 6 c. 59, s. 51. Forms 118, 120. employed or engaged in the civil service of the Crown, 4 & 5 Geo. 5, or where a bankrupt is in receipt of any pay or pension from the Government or is entitled to any allowance or compensation granted by the Government, the trustee shall receive for distribution among the creditors so much of the bankrupt's pay, salary, pension, allowance or compensation as the court, with the consent of the Governor, on the application of the trustee, may direct. Form 121. (2) Where a bankrupt is in receipt of a salary or income other than as aforesaid, the court, on the application of the trustee, may from time to time make such order as it thinks just for the payment of the salary or income or of any part thereof to the trustee, to be applied by him in such manner as the court may direct. (3) Nothing in this section shall take away or abridge any power to dismiss a bankrupt or to declare the pay, pension, allowance, compensation, salary or income of any bankrupt to be forfeited. tion of income of restrained pation. property from antici- 4 & 5 Geo. 5. 57. Where a married woman who has been adjudged bankrupt has property the income of which is subject to a restraint on anticipation, the court shall have power, on the application of the trustee, to order that, during such time as the court may order, the whole or some part of such income be paid to the trustee for distribution amongst the creditors, and in the exercise of such power the court shall have regard to the means of subsistence available for the woman and her children. 58. (1) Until a trustee is appointed the Official Receiver shall be the trustee for the purposes of this Ordinance, and immediately on a debtor being adjudged bankrupt the property of the bankrupt shall vest in the trustee. (2) On the appointment of a trustee the property shall forthwith pass to and vest in the trustee appointed. (3) The property of the bankrupt shall pass from trustee to trustee, including under that term the Official Receiver when he fills the office of trustee, and shall vest in the trustee for the time being during his continuance in office, without any conveyance, assignment or transfer whatever. Rules. Forms 119, 122. Vesting and property. c. 59, s. 53. transfer of 4 & 5 Geo. 5, 215 * Page 45 Page 46
Baseline (Original)
Bankruptcy. [CAP. 6 c. 59, s. 51. Forms 118, 120. employed or engaged in the civil service of the Crown, 4 & 5 Gco. 5. or where a bankrupt is in receipt of any pay or pension Rules, from the Government or is entitled to any allowance or compensation granted by the Government, the trustee shall receive for distribution among the creditors so much of the bankrupt's pay, salary, pension, allowance or compensation as the court, with the consent of the Governor, on the application of the trustee, may direct. Form 121. (2) Where a bankrupt is in receipt of a salary or Rules. income other than as aforesaid, the court, on the applica- tion of the trustee, may from time to time make such order as it thinks just for the payment of the salary or income or of any part thereof to the trustee, to be applied by him in such manner as the court may direct. (3) Nothing in this section shall take away or abridge any power to dismiss a bankrupt or to declare the pay, pension, allowance, compensation, salary or income of any bankrupt to be forfeited. tion of income of restrained pation. property from antici- 4 & 5 Geo. 5. 57. Where a married woman who has been adjudged Appropria- bankrupt has property the income of which is subject to a restraint on anticipation, the court shall have power, on the application of the trustee, to order that, during such time as the court may order, the whole or some part of 59, s. 52. such income be paid to the trustee for distribution amongst the creditors, and in the exercise of such power the court shall have regard to the means of subsistence available for the woman and her children. 58. (1) Until a trustee is appointed the Official Receiver shall be the trustee for the purposes of this Ordin- ance, and immediately on a debtor being adjudged bankrupt the property of the bankrupt shall vest in the trustee. (2) On the appointment of a trustee the property shall forthwith pass to and vest in the trustee appointed. (3) The property of the bankrupt shall pass from trustee to trustee, including under that term the Official Receiver when he fills the office of trustee, and shall vest in the trustee for the time being during his continuance in office, without any conveyance, assignment or transfer whatever. Rules. Forms 119, 122. Vesting and property. e. 59, s. 53. transfer of 4 & 5 Geo. 5, 215 * Page 45Page 46
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Bankruptcy.

[CAP. 6

c. 59, s. 51.

Forms

118, 120.

employed or engaged in the civil service of the Crown, 4 & 5 Gco. 5. or where a bankrupt is in receipt of any pay or pension Rules, from the Government or is entitled to any allowance or compensation granted by the Government, the trustee shall receive for distribution among the creditors so much of the bankrupt's pay, salary, pension, allowance or compensation as the court, with the consent of the Governor, on the application of the trustee, may direct.

Form 121.

(2) Where a bankrupt is in receipt of a salary or Rules. income other than as aforesaid, the court, on the applica- tion of the trustee, may from time to time make such order as it thinks just for the payment of the salary or income or of any part thereof to the trustee, to be applied by him in such manner as the court may direct.

(3) Nothing in this section shall take away or abridge any power to dismiss a bankrupt or to declare the pay, pension, allowance, compensation, salary or income of any bankrupt to be forfeited.

tion of

income of restrained pation.

property

from antici-

4 & 5 Geo. 5.

57. Where a married woman who has been adjudged Appropria- bankrupt has property the income of which is subject to a restraint on anticipation, the court shall have power, on the application of the trustee, to order that, during such time as the court may order, the whole or some part of 59, s. 52. such income be paid to the trustee for distribution amongst the creditors, and in the exercise of such power the court shall have regard to the means of subsistence available for the woman and her children.

58. (1) Until a trustee is appointed the Official Receiver shall be the trustee for the purposes of this Ordin- ance, and immediately on a debtor being adjudged bankrupt the property of the bankrupt shall vest in the trustee.

(2) On the appointment of a trustee the property shall forthwith pass to and vest in the trustee appointed.

(3) The property of the bankrupt shall pass from trustee to trustee, including under that term the Official Receiver when he fills the office of trustee, and shall vest in the trustee for the time being during his continuance in office, without any conveyance, assignment or transfer whatever.

Rules.

Forms

119, 122.

Vesting and property. e. 59, s. 53.

transfer of

4 & 5 Geo. 5,

215

*

Page 45Page 46

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