Bankruptcy Act 1924
Final dividend.Final dividend.
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Final dividend.
E.B.A., s. 67.
N.S.W., s. 80.
Vic., s. 203.
W.A., s. 59.
Q., s. 155.
Tas., s. 43.
116.—(1.) When the trustee has realized all the property of the bankrupt, or so much thereof as can, in the joint opinion of the trustee and of the Committee of Inspection, be realized without needlessly protracting the trusteeship, he shall declare a final dividend, but before so doing he shall give notice in manner prescribed to the persons whose claims to be creditors have been notified to him but not established to his satisfaction, that if they do not establish their claims within a time limited by the notice, he shall proceed to make a final dividend, without regard to their claims.
(2.) After the expiration of the time so limited, or, if the Court on application by any such claimant grants him further time for establishing his claim, then on the expiration of that further time, the property of the bankrupt shall be divided among the creditors who have proved their debts, without regard to the claims of any other persons.