Bankruptcy Act 1966

PART VI - ADMINISTRATION OF PROPERTY  

Division 4A - Orders in relation to property of entity controlled by bankrupt or from which bankrupt derived a benefit  

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History

Div 4A heading amended by No 33 of 2006, s 3 and Sch 1 item 16, by inserting " or from which bankrupt derived a benefit " at the end, applicable in relation to an examinable period that commences on or after 31 May 2006.

Div 4A inserted by No 119 of 1987, s 51(1).

SECTION 139H   ENTITY ENTITLED TO CLAIM IN BANKRUPTCY  

139H(1)    

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Where, on an application under section 139A, the Court makes an order under section 139D or 139DA vesting in the applicant an estate in property, or an order under section 139E or 139EA directing the payment of a specified amount to the applicant, the respondent entity may claim for dividend in the bankruptcy in respect of the value of that property as at the making of the order, or in respect of the specified amount, as the case may be.

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History

S 139H(1) amended by No 33 of 2006, s 3 and Sch 1 items 28 and 29, by inserting " or 139DA " after " section 139D " and inserting " or 139EA " after " section 139E " , applicable in relation to an examinable period that commences on or after 31 May 2006.

139H(2)    
A claim under subsection (1) shall be postponed until all claims of the other creditors (including claims for interest on interest-bearing debts in respect of a period after the date of the bankruptcy but not including claims under subsection 120(4) ) have been satisfied.

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History

S 139H inserted by No 119 of 1987, s 51(1).

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