In force2021 Revised EditionCurrent version · 2021 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Bankruptcy Act · 2021 Revised Edition · Part 3
Bankruptcy Act · 2021 Revised Edition · Part 3
Official textFrom Attorney General's Chambers, unchanged
In the calculation and distribution of a dividend, the trustee shall make provision for debts provable in bankruptcy appearing from the bankrupt's statements, or otherwise, to be due to persons resident in places so distant from Brunei Darussalam that in the ordinary course of communication, they have not had sufficient time to tender their proofs or to establish them if disputed and also for debts provable in bankruptcy the subject of claims not yet determined.
He shall also make provision for any disputed proofs or claims and for the expenses necessary for the administration of the estate or otherwise.
Subject to the provisions in this section, he shall distribute as dividend all money in hand.
Chapter
Part