Bankruptcy Act |
Bankruptcy (Variation of Sum of Debts under Section 125 (2) (b)) Rules |
R 4 |
G.N. No. S 126/1999 |
REVISED EDITION 2001 |
(31st January 2001) |
[1st May 1999] |
Citation |
1. These Rules may be cited as the Bankruptcy (Variation of Sum of Debts under section 125 (2) (b)) Rules. |
Variation of sum of debts under section 125 (2) (b) of Act for discharge from bankruptcy |
2. For the purpose of section 125 (2) (b) of the Act, the Minister has prescribed $500,000 as the amount which shall not be exceeded by the debts which have been proved in bankruptcy for the purpose of the issue by the Official Assignee of a certificate discharging a bankrupt from bankruptcy under section 125 (1) of the Act. [G.N. No. S 126/99] |