MiLAWYER

Law library · Sierra Leone · The Bankruptcy Act, 2009

Section 3, The Bankruptcy Act, 2009

Status not yet checkedThe Bankruptcy Act, 2009, Sierra Leone

(1) A bankruptcy notice shall- (a) be issued in the prescribed form and shall require the debtor to pay the judgement debt or sum ordered to be paid in accordance with the terms of the judgement or order, or to secure or compound for it to the satisfaction of the creditor or the court; (b) state the consequences of non-compliance with the notice, and (c) be served in the prescribed manner. (2) A bankruptcy notice – (a) may specify an agent to act on behalf of the creditor in respect of any payment or other thing required by the notice to be made to, or done to the satisfaction of, the creditor; (b) shall not be invalidated by reason only that the sum specified in the notice as the amount due exceeds the amount actually due, unless the debtor within the time allowed for payment gives notice to the creditor that he disputes the validity of the notice on the ground of such statement; but if the debtor does not give the notice, he shall be deemed to have complied with the bankruptcy notice if within the time allowed he takes such steps as would have constituted compliance with the notice had the actual amount due been correctly specified in it. 4 5 Bankruptcy notices.

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.