MiLAWYER

Law library · Sierra Leone · The Bankruptcy Act, 2009

Section 86, The Bankruptcy Act, 2009

Status not yet checkedThe Bankruptcy Act, 2009, Sierra Leone

It shall be lawful for any creditor, with the concurrence ofone-fourth of the creditors (including himself), at any time to call upon the trustee or official receiver to furnish and transmit to the creditors a statement of the accounts up to the date of the notice, and the trustee shall, upon receipt of the notice furnish and transmit the statement of the accounts; but the person at whose instance the accounts are furnished shall, if so required, deposit with the trustee or official receiver, as the case may be, a sum sufficient to pay the costs of furnishing and transmitting the accounts, which sum shall be repaid to him out of the estate if the court so directs. 87 . (1) Every trustee in a bankruptcy shall as may be prescribed, and not less than once in every year during the continuance of the bankruptcy, transmit to the official receiver a statement showing the proceedings in the bankruptcy up to the date of the statement, containing the prescribed particulars and made out in the prescribed form. (2) The official receiver shall cause the statements so transmitted to be examined and shall call the trustee to account for any misfeasance, neglect or omission which may appear on the statements or in his accounts or otherwise, and may apply to the court for an order that the trustee make good any loss which the estate of the bankrupt may have sustained by the misfeasance, neglect or omission.

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.