Bankruptcy Act · 2021 Revised Edition · Part 2
17. First and other meetings of creditors
Official textFrom Attorney General's Chambers, unchanged
As soon as may be after the making of a receiving order against a debtor, a general meeting of his creditors shall be held for the purpose of considering whether a proposal for a composition or scheme of arrangement shall be accepted or whether it is expedient that the debtor shall be adjudged bankrupt and generally as to the mode of dealing with the debtor's property.
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;
a
The Chief Justice may, with the approval of His Majesty the
Sultan and Yang Di-Pertuan in Council, make rules with respect to the summoning of and proceedings at the first and other meetings of creditors.
Terms defined in s 2
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;
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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