In force2008 Revised EditionCurrent version · 2008 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Debtors Act · 2008 Revised Edition · Part VI · Fraudulent Debtors
Debtors Act · 2008 Revised Edition · Part VI · Fraudulent Debtors
Official textFrom Attorney General's Chambers, unchanged
Where a debtor makes any arrangement or composition with his creditors, he shall remain liable for the unpaid balance of any debt which he incurred or increased by any fraud, or for which before the date of the arrangement or composition he obtained forbearance by any fraud, provided the defrauded creditor has not assented to the arrangement or composition otherwise than by proving his debt and accepting dividends.
Penalty for fraudulently obtaining credit etc.