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Home/Legislation/Bankruptcy Act 1966/87

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Bankruptcy Act 1966

87Deduction of discounts

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87 Deduction of discounts In proving a debt, a creditor shall make an allowance for all discounts for which an allowance would have been made if the debtor had not become a bankrupt.

Previous section86Mutual credit and set‑off Next section88Apportionment to principal and interest of payments made before bankruptcy

Section 87 - Bankruptcy Act 1966 - Deduction of discounts — Zoe