| Commentary

39 Interim order

| Commentary

B: INTERIM ORDER PROCEDURE

39 Interim order

Where an individual wishes to make a proposal to his creditors for a composition in satisfaction of his debts or a scheme of arrangement of his affairs, he may apply to the court for an interim order1. While such an application is pending, the court has a discretionary power to stay any action, execution or other legal process against the debtor or his property, including prohibiting the levying of any distress on the debtor’s property2. This power is exercisable both by the bankruptcy court and by any other court

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