815. Procedure on a petition for an insolvency administration order.

(4)     Procedure on Petitions for Insolvency Administration Order

815.     Procedure on a petition for an insolvency administration order.

The court may make an insolvency administration order1 on a petition for an order presented by a person other than a personal representative of the deceased debtor2 if it is satisfied:

  1.  

    (1)     that the debt, or one of the debts, in respect of which the petition was presented is a debt which, having been payable at the date of the petition or having since become payable, has neither been paid nor secured or compounded for or has