Law library · Sierra Leone · The Bankruptcy Act, 2009
Section 36, The Bankruptcy Act, 2009
Status not yet checkedThe Bankruptcy Act, 2009, Sierra Leone
(1) The assets remaining after payment of the actualexpenses incurred in realising any of the assets of the debtor shall,
subject to any order of the court, first be liable to the following
payments which shall be made in the following order of priority,
namely:–
(a) the actual expenses incurred by the official
receiver in protecting or attempting to protect
the property or assets of the debtor or any
part of the property and any expenses or
outlay incurred by him or by his authority in
carrying on the business of the debtor;
(b) the fees, percentages and charges payable
to, or costs, charges and expenses incurred
or authorised by the official receiver, whether
acting as official receiver or trustee;
(c) the remuneration of the special manager, if
any; and
(d) the taxed costs of the petitioner, so far as it
may not have been disallowed by the court.
(2) Whenever the court is satisfied that the property of a
debtor in respect of whose estate a receiving order has been made
has been preserved for the benefit of the creditors by means of legal
proceedings brought by a creditor against the debtor without notice
of any available act of bankruptcy committed by the debtor, the court
may, in its discretion order the payment of the costs of such legal
proceedings or any part of them (taxed as between party and party)
out of the estate, with the same priority as to payment as is provided
in subsection (1) in respect of the taxed costs of the petitioner.
34 35
Mutual credit
and set off.
Rules as to
proof of
debts.
Priority of
costs and
charges.
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