Commentary

130 Statement of affairs (creditors' petition)

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)
| Commentary

130 Statement of affairs (creditors' petition)

| Commentary

130 Statement of affairs (creditors' petition)

When a bankruptcy order has been made on a creditor's petition the Official Receiver may at any time before discharge of the bankrupt require the bankrupt to submit to the Official Receiver a statement of affairs1. This is not necessary on a debtor's bankruptcy application because the financial information supplied on the bankruptcy application is broadly similar and is on the bankruptcy file, which is available to the Official Receiver when he receives notice of the order2.

If he decides to require a statement of affairs, the Official Receiver must

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