Debtor’s property, when and how divisible

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When a provisional order has been made against a debtor, the debtor’s property shall become divisible amongst the debtor’s creditors in proportion to the debts provided by them.

Bankruptcy Act

29 Parts

s.36Debtor’s property, when and how divisible— Bankruptcy Act (2026 Revision)

Section 36Part 8 — Provisional and Absolute Orders for Bankruptcy

Debtor’s property, when and how divisible

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When a provisional order has been made against a debtor, the debtor’s property shall become divisible amongst the debtor’s creditors in proportion to the debts provided by them.