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1036
Enquire within upon everything
·
Robert Kemp Philp
558
1537.
Acts
of
Bankruptcy.
"Acts
of
Bankruptcy"
comprise:--Assignment
of
property
for
benefit
of
creditors;
fraudulent
transfer
of
property;
leaving,
or
remaining
out
of,
England,
or
absence
from
dwelling-house
to
defeat
or
delay
creditors;
filing
declaration
of
insolvency
or
presenting
a
bankruptcy
petition
against
self;
levy
of
execution;
failure
to
comply
with
a
bankruptcy
notice
to
pay
a
judgment
debt;
giving
notice
to
creditors
of
suspension
of
payment;
and
having
a
receiving
order
made
against
one.
1538.
Receiving
Order.
If
a
debtor
commit
an
act
of
bankruptcy,
the
Court
may,
on
petition
either
by
creditor
or
debtor,
make
a
receiving
order
for
the
protection
of
the
estate.
All
receiving
orders
to
be
advertised
in
the
London
Gazette
and
locally.
1539.
Petition.
A
creditor
(or
creditors)
cannot
present
a
petition
unless
the
debt
(or
debts)
amount
to
£50;
the
debt
must
be
a
liquidated
sum,
payable
now
or
at
some
future
time;
the
act
of
bankruptcy
on
which
the
petition
is
grounded
must
have
occurred
within
three
months
before
presentation
of
petition;
and
the
debtor
must
be
domiciled
in,
or
within
a
year
before
petition
have
resided
in
or
had
a
place
of
business
in,
England.
No
petition
can,
after
presentment,
be
withdrawn
without
leave
of
the
Court.
A
creditor's
petition
must
be
accompanied
by
affidavits
verifying
the
statements
therein.
1540.
Official
Receiver.
On
a
receiving
order
being
made,
the
debtor's
property
vests
in
the
Official
Receiver,
who
must
summon
a
first
meeting
of
creditors,
giving
to
each
not
less
than
seven
days'
notice
of
time
and
place
in
the
'Gazette'
and
locally.
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