MiLAWYER

Law library · Sierra Leone · The Bankruptcy Act, 2009

Section 17, The Bankruptcy Act, 2009

Status not yet checkedThe Bankruptcy Act, 2009, Sierra Leone

(1) Where a receiving order is made against a debtor, heshall prepare and submit to the official receiver a statement of and in relation to his affairs in the prescribed form verified by affidavit- (a) showing the particulars of the debtor’s assets, debts and liabilities, whether in Sierra Leone or elsewhere; (b) showing the securities held by them respectively, and the dates when the securities were respectively given; (c) giving such further or other information as may be prescribed or as the official receiver may require; and (d) giving details of all property held by him in his name or under any alias, or by the spouse or children, or by any person in trust for him or them, with full particulars as to the manner and date of it being acquired. (2) The statement shall be submitted within the following times:- (a) if the order is made on the petition of the debtor, within seven days from the date of the order; and (b) if the order is made on the petition of a creditor, within fourteen days from the date of the order, but the court may, in either case for special reasons, extend the time. (3) If the debtor fails without reasonable excuse to comply with the requirements of this section, he may be punished for contempt of court, and the court may, on the application of the official receiver or of any creditor, adjudge him bankrupt. (4) Any person stating himself to be a creditor of the bankrupt may, on the payment of the prescribed fee, personally or by his agent inspect the statement at all reasonable times and take any copy of it or extract from it, but any person untruthfully so stating himself to be a creditor shall be guilty of contempt of court and shall be punishable accordingly, on the application of the trustee or official 12 13 appoint special manager. Advertisement of receiving First and other meetings of Debtor’s statement of affairs. Public examination of debtor

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.