Enquire within upon everything

Robert Kemp Philp · 1894 · 1000 pages

Enquire within upon everything

Robert Kemp Philp559

1541. The Meeting of Creditors. The meeting of creditors summoned as above shall consider whether a proposal for a composition or scheme of arrangement shall be entertained, or whether the debtor shall be adjudged bankrupt, and the mode of dealing with the debtor's property. 1542. Duties of Debtor. The debtor must furnish the Official Receiver with a full statement of his affairs in the prescribed form, verified by affidavit, and all such information as the Receiver may require. This statement, if made on a debtor's petition, must be submitted to the Receiver within three days of the date of the receiving order; if on a creditor's petition, within seven days; or the debtor will be liable to be adjudged bankrupt on petition to the Court by Receiver or creditor.

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