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Bankruptcy Act · s 21

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s 21Effect of composition or scheme

Notwithstanding the acceptance and approval of a con~position or scheme, the composition or scheme shall not be binding on any creditor so far as regards a debt or liability from which under the provisions of this Act, the debtor would not be released by an order of discharge in bankruptcy, unless the creditor assents to the composition or scheme.

Adjudication of bankruptcy