Full legislation
s.179
Discharge of costs, etc., before estate handed over to trustee
Where a bankruptcy order is made against a debtor and a trustee is appointed,
the provisional trustee shall forthwith put the trustee into possession of all
property of the bankrupt of which the provisional trustee may be possessed; provided
that such trustee has, before the estate is handed over to him by the provisional
trustee, discharged any balance due to the Official Receiver and provisional trustee
on account of fees, costs and charges properly incurred by them and payable under
the Ordinance, and on account of all advances properly made by them in respect of
the estate, together with interest on such advances at the rate of 8 per cent per
annum, and has discharged or undertaken to discharge all guarantees which have been
given by the Official Receiver or provisional trustee for the benefit of the estate;
and the trustee shall pay all fees, costs and charges of the Official Receiver and
provisional trustee which may not have been discharged by the trustee before being
put into possession of the property of the bankrupt and whether incurred before or
after he has been put into such possession.
(
L.N. 77 of
1998
)