CTHRepealedAct
Bankruptcy Act 1924
Summary administration.Summary administration.
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### Summary administration.
E.B.A., s. 129.
N.S.W., s. 17.
W.A., s. 110.
154.—(1.) Where a sequestration order is made against a debtor, if the Court is satisfied by affidavit or otherwise, or if the official receiver reports to the Court that neither the assets nor the liabilities of the debtor are likely to exceed in value Three hundred pounds, the Court may make an order that the debtor’s estate be administered in a summary manner, and thereupon the provisions of this Act shall, in relation to the bankruptcy, be subject to such modifications as are prescribed for such cases with the view of simplifying procedure and saving expense.
(2.) The official receiver alone shall be the trustee in the bankruptcy.
(3.) Nothing in this section shall permit the modification of the provisions relating to the examination or discharge of the bankrupt.