On the hearing of the petition1, the court may make a bankruptcy order if satisfied that the statements in the petition are true, and the debt on which it is founded has not been paid, or secured or compounded2.
If the petition is brought in relation to a judgment debt, or a sum ordered by any court to be paid, the court may stay or dismiss the petition on the ground that an appeal is pending from the judgment or order, or that execution of the judgment has been stayed3.
An order dismissing or
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