CTHRepealedAct
Bankruptcy Act 1924
Creditors to have same rights as in bankCreditors to have same rights as in bankruptcy.
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### Creditors to have same rights as in bankruptcy.
S.A., s. 278.
W.A. 1898, s. 20.
169. The creditors shall have the same rights as to set-off, mutual credit, lien, and priority, and joint and separate assets shall be distributed in the same way, as in bankruptcy, and the right or remedy of any creditor against any person other than the debtor shall not be prejudiced or affected by his being a party to the deed, or by its being obligatory upon him; and every person who would be entitled
to prove in bankruptcy shall be deemed a creditor within the meaning of this Part, and the trustee of the deed shall have the same powers and duties as a trustee in bankruptcy to estimate the value of a debt which does not bear a certain value; and in case of any dispute as to the right of any person to rank as a creditor, or as to the amount of his debt, the Court shall have jurisdiction to settle the dispute.