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In force2021 Revised Edition
Contents

Part 3

70. Right of creditor who has not proved debt before declaration of dividend

Any creditor who has not proved his debt before the declaration of any dividend or dividends shall be entitled to be paid out of any money for the time being in the hands of the trustee and dividend or dividends he may have failed to receive before that money is applied to the payment of any future dividend or dividends, but he shall not be entitled to disturb the distribution of any dividend declared before his debt was proved by reason that he has not participated therein.

Report

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).

Part 4

Part 5

Part 6

Part 7

Part

Bankruptcy Offences