CTHRepealedAct
Bankruptcy Act 1924
Discharge on payment or acquittance.Discharge on payment or acquittance.
Start here
Get a plain-English read of Discharge on payment or acquittance.
Turn the raw legal text into a practical explanation grounded in Bankruptcy Act 1924.
### Discharge on payment or acquittance.
N.S.W., s. 35.
Q., s. 163.
123.—(1.) If the bankrupt or any person on his behalf pays in full all the creditors, or obtains a legal acquittance of the debts due to them, the bankrupt may apply for an order of discharge for the release of his estate.
(2.) If the Court is satisfied that the creditors have been so paid or have released their debts, it may make an order upon such terms as it thinks just.
(3.) Notice of all orders of discharge granted under this section or section one hundred and twenty-one of this Act shall be published in the Gazette, and in such other manner as is prescribed, and shall be lodged in the office of the Registrar of Titles or Registrar-General or other proper officer of each State and in such other places as are prescribed.