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Section 41: Order of priority in respect of costs

Bankruptcy Act · PART III: ADMINISTRATION OF PROPERTY

consolidated text (as at 2000). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

41. Order of priority in respect of costs The costs in bankruptcy incurred prior to the appointment of the trustee shall be paid out of the debtor’s estate by preference to all other creditors and in the following order priority— (a) the costs and charges of the Official Receiver; (b) the costs incurred in securing or realising any of the property or assets of the debtor; (c) the costs of the petitioning creditor to obtain the adjudication of bankruptcy.

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