Enquire within upon everything

Robert Kemp Philp · 1894 · 1000 pages

Enquire within upon everything

Robert Kemp Philp563

1556. Close of Bankruptcy. Bankruptcy may be declared closed, and order to that effect published in the 'London Gazette', when the Court is satisfied that all bankrupt's property has been realised, or a satisfactory arrangement or composition made with the creditors. 1557. Grant of Order of Discharge. Order of discharge may be granted by the Court on the application of the bankrupt at any time after adjudication. The Court may suspend or withhold order if bankrupt has kept back property or acted fraudulently. 1558. Fraud. In cases of fraud, the bankrupt may be proceeded against under the Debtors Act, 1869, under which he may be imprisoned for not exceeding two years with or without hard labour. 1559. Void Settlement. Settlement of property by a Debtor on wife and children will become void if the settlor becomes bankrupt within two years after date of settlement, and within ten years unless it can be proved that the settlor was able to pay his debts when settlement was made without aid of property settled. This does not apply to a settlement made before marriage, or after marriage of property accruing in the right of wife, or settlement made in favour of purchaser in good faith for valuable consideration. 1560. Arrest of the Debtor. Arrest of the debtor may be ordered by the Court if, after a bankruptcy notice or petition, there is reason to believe he is about to abscond or to remove, conceal, or destroy any of his goods, books, &c., or if, after a receiving order, he removes any goods above the value of £5, or if, without good cause, he fails to attend the Court for examination.

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