Bankruptcy Act · 2021 Revised Edition · Part 2
12. Effect of receiving order
Official textFrom Attorney General's Chambers, unchanged
On the making of a receiving order, the Oficial Receiver shall be thereby constituted receiver of the property of the debtor and thereafter, except as directed by this Act, no creditor to whom the debtor is indebted in respect of any debt provable in bankruptcy shall -
property
"property" includes money, goods, things in action, land and every description of property, whether real or personal and whether situate in Brunei Darussalam or elsewhere, also obligations, easements and every description of estate, interest and profit, present or future, vested or contingent, arising out of or incident to property as above defined;
have any remedy against the property or person of the debtor in respect of the debt; or
commence any action or other legal proceedings unless with the leave of the Court and on such terms as the Court may impose.
This section does not affect the power of any secured creditor to realise or otherwise deal with his security.
secured creditor
"secured creditor" means a person holding a mortgage, charge or lien on the property of the debtor or any part thereof, as a security for a debt due to him from the debtor;
Terms defined in s 2
debt provable in bankruptcy
Defined · s 2"debt provable in bankruptcy" or "provable debt" includes any debt or liability by this Act made provable in bankruptcy;
property
Defined · s 2"property" includes money, goods, things in action, land and every description of property, whether real or personal and whether situate in Brunei Darussalam or elsewhere, also obligations, easements and every description of estate, interest and profit, present or future, vested or contingent, arising out of or incident to property as above defined;
secured creditor
Defined · s 2"secured creditor" means a person holding a mortgage, charge or lien on the property of the debtor or any part thereof, as a security for a debt due to him from the debtor;
Part 3
Chapter
Chapter 19), unless he informs the trustee in writing to the contrary, is deemed to be his last known address for the purpose of subsection (3).
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