CTHRepealedAct
Bankruptcy Act 1924
Provision for creditors residing at a diProvision for creditors residing at a distance, &c.
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### Provision for creditors residing at a distance, &c.
E.B.A., s. 64.
Vic., s. 201.
W.A., s. 57.
Q., s. 153.
Tas., s. 41.
114.—(1.) In the calculation and distribution of a dividend, the trustee shall make provision for—
(a) debts provable in bankruptcy appearing from the bankrupt’s statements, or otherwise, to be due to persons resident in places so distant from the place where the trustee is acting that in the ordinary course of communication they have not had sufficient time to tender their proofs, or to establish them if disputed;
(b) debts provable in bankruptcy, the subject of claims not yet determined; and
(c) disputed proofs or claims, and the expenses necessary for the administration of the estate or otherwise.
(2.) Subject to the foregoing provisions of this Division, he shall distribute as dividend all money in hand.