Bankruptcy Act 1966
PART VI
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ADMINISTRATION OF PROPERTY
Division 1
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Proof of debts
SECTION 87
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.
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.
[ CCH Note: Modification Declaration FRLI No F2021L00261 ( Bankruptcy Regulations 2021 : FRLI No F2021L00261, registered on 19 March 2021 and effective from 1 April 2021.)
Section 87 of the Act is modified by substituting " estate of the deceased debtor had not become subject to administration under Part XI " for " debtor had not become a bankrupt " .]
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