Bankruptcy (Part 2)

Exactly one year ago, on our last treatment of the subject, we discussed the processes one undergoes when becoming a banktrupt. In this article, we will examine the scope of the Recieving Order and the Ajudication Order (together known as a Bankruptcy Order) and the functions of the Director General of Insolvency (formerly known as the Official Assignee). We shall also take a look at how and by what process an undischarged bankrupt may get his bankruptcy annulled or discharged.

(More to come)

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