Law library · Sierra Leone · The Bankruptcy Act, 2009
Section 11, The Bankruptcy Act, 2009
Status not yet checkedThe Bankruptcy Act, 2009, Sierra Leone
(1) On the making of a receiving order, the official receivershall then be constituted receiver of the property of the debtor, and
thereafter, except as directed by this Act, no creditor to whom the
debtor is indebted in respect of any debt provable in bankruptcy
shall have any remedy against the property or person of the debtor in
respect of the debt, or shall commence any action or other legal
proceedings, unless with the leave of the court and on such terms as
the court may impose.
(2) This section does not affect the power of any secured
creditor to realise or otherwise deal with his security in the same
manner as he would have been entitled to realise or deal with it if this
section had not been passed.
Read the whole lawDownload PDFAsk Tima what this means
Check the current official version before relying on this text. MiLAWYER shares legal information, not legal advice.