Bankruptcy Act 1966
PART VI
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ADMINISTRATION OF PROPERTY
Division 5
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Distribution of property
SECTION 141
141
JOINT AND SEPARATE DIVIDENDS
Where one partner of a firm becomes bankrupt, a creditor to whom the bankrupt is indebted jointly with the other partners of the firm or any of them shall not receive a dividend out of the separate property of the bankrupt until all the separate creditors have received the full amount of their respective debts.
Where one partner of a firm becomes bankrupt, a creditor to whom the bankrupt is indebted jointly with the other partners of the firm or any of them shall not receive a dividend out of the separate property of the bankrupt until all the separate creditors have received the full amount of their respective debts.
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