CTHRepealedAct
Bankruptcy Act 1924
Failure to account for loss.Failure to account for loss.
Start here
Get a plain-English read of Failure to account for loss.
Turn the raw legal text into a practical explanation grounded in Bankruptcy Act 1924.
### Failure to account for loss.
(g) fails to give to the Court a complete and satisfactory account of loss of any substantial portion of his estate within a period of one year immediately preceding his bankruptcy,
shall be guilty of an offence.
Penalty: One year’s imprisonment.
(2.) Any person against whom a sequestration order is made, who after or within six months before the presentation of the petition on which the order is made—