CTHRepealedAct
Bankruptcy Act 1924
Officer seizing debtor’s property to payOfficer seizing debtor’s property to pay proceeds into Court.
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### Officer seizing debtor’s property to pay proceeds into Court.
S.A., s. 297.
W.A., 1898, s. 37.
187.—(1.) If, during the period of ten days after the debtor’s execution of the deed, and before the deed has been assented to by the requisite majority of creditors, the goods and chattels of the debtor are seized or sold by virtue of any sequestration, execution, or other process at the suit of any creditor, the sheriff or bailiff charged with the execution of the process shall, after notice of the deed, pay the proceeds of the sale into the Court out of which the process issued.
(2.) The creditor at whose suit the process issued shall not be entitled to any of the proceeds thereof, until the expiration of that period of ten days, when, if the deed has then been assented to by the requisite majority of creditors, the proceeds shall be paid to the trustee of the deed as part of the general estate of the debtor, or
may be recovered by the trustee on summary application to the Court into which the same has been paid, and on proof of the requisites in that behalf.