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Law library · Sierra Leone · The Bankruptcy Act, 2009

Section 66, The Bankruptcy Act, 2009

Status not yet checkedThe Bankruptcy Act, 2009, Sierra Leone

(1) Where one partner of a firm is adjudged bankrupt,a creditor to whom the bankrupt is indebted jointly with the other partners of the firm, or any of them, shall not receive any dividend out of the separate property of the bankrupt until all the separate creditors have received the full amount of their respective debts. (2) Where joint and separate properties are being administered, dividends of the joint and separate properties shall, unless otherwise directed by the court on the application of any person interested, be declared together and the expenses of and 52 53 Power to allow bankrupt to manage Allowance to bankrupt for maintenance or service. Right of trustee to inspect goods pawned, etc. Limitation of trustee’s powers in relation to copyright. Protection of receiver and trustee from personal liability in certain cases. Declaration and distribution of dividends. Joint and separate dividends. incidental to the dividends shall be fairly apportioned by the trustee between the joint and separate properties, regard being had to work done for and the benefit received by each property.

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