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BANKRUPTCY ACT, 1988
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PART VI Estates of Persons Dying Insolvent | |
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Petition to administer in bankruptcy estate of person dying insolvent. (New) |
115. —(1) A petition for the administration under this Part of the estate of a deceased person may be presented to the Court by— |
[GA] | (a) any creditor whose debt would have been sufficient to support a bankruptcy petition against the deceased if he had been alive, or | |
[GA] | (b) the personal representative of the deceased. | |
[GA] | (2) Where the petition is presented by a creditor, notice thereof shall be served on the personal representative of the deceased. | |
[GA] | (3) Where there is no known personal representative, the Court may direct service on such person and in such manner as it thinks fit or may dispense with service. | |
[GA] | (4) A petition for administration under this Part shall not be presented to the Court after proceedings have been commenced in the Circuit Court for the administration of the deceased's estate, but that court may, when satisfied that the estate is insufficient to pay the debts, transfer the proceedings to the Court, and thereupon the Court may make an order for the administration under this Part of the deceased's estate. | |
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Effect on personal representative of service of notice of petition. (New) |
116. —(1) After service on the personal representative of notice of the presentation of a petition, no payment or transfer of property made by the personal representative shall operate as a discharge to him as between himself and the Official Assignee. |
[GA] | (2) Except as aforesaid, nothing in this Part shall invalidate any payment made or any act or thing done in good faith by the personal representative before the date of the order for the administration under this Part of the deceased's estate. | |
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Order for administration under Part VI . (New) |
117. —(1) On presentation of a petition the Court may, unless it appears that there is a reasonable probability that the estate will be sufficient for the payment of the deceased's debts, make an order for the administration under this Part of the deceased's estate or may, upon cause shown, dismiss the petition with or without costs. |
[GA] | (2) Where the petition is presented by a creditor, he shall prove his debt to the Court before an order is made. | |
[GA] | (3) An order may be made under this section notwithstanding that there is no known personal representative of the deceased. | |
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Vesting and distribution. (New) |
118. —(1) Upon an order being made for the administration under this Part of the deceased's estate, his property shall vest in the Official Assignee for realisation and distribution. |
[GA] | (2) Section 46 (which relates to a certificate of vesting) shall apply to property which vests in the Official Assignee under this section. | |
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Priority of funeral and testamentary expenses. (New) |
119. —In the administration under this Part of the deceased's estate, the proper funeral and testamentary expenses incurred shall, notwithstanding anything to the contrary in this or any other enactment, be payable in full in priority to all other payments. |
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Application of Act. (New) |
120. —The provisions of this Act shall, so far as they are applicable and with appropriate modifications, apply in the case of an order for administration under this Part as they apply in the case of an order of adjudication except that sections 50 , 57 , 58 and 59 shall not apply. |
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Surplus. (New) |
121. —(1) Where, on the administration under this Part of the deceased's estate, any property remains vested in, or in the possession or control of the Official Assignee after providing for the expenses, fees and costs, together with the debts and liabilities and interest at the rate currently payable on judgment debts, the Court shall order the property to be paid or delivered to or vested in the personal representative of the deceased or, if there is no personal representative, in such manner as the Court may direct. |
[GA] | (2) The order shall for all purposes be deemed to be a conveyance, assignment or transfer of property and, where appropriate, may be registered accordingly. | |
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Right of retainer restricted. (cf. 27/1965, s. 46) |
122. —Where an order is made for administration under this Part, the right of retainer of a personal representative shall not be exercisable but he may prove any debt due to him which would otherwise be provable. |