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Section 15: Debtor’s petition

Insolvency Act · PART II: BANKRUPTCY AND ALTERNATIVES

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

15. Debtor’s petition (1) Subject to subsection (2), a debtor may file a petition with the Court to have himself adjudicated bankrupt on the ground that he is unable to pay his debts where he has combined debts of 50,000 rupees or more. (2) The Court shall not receive for filing a petition by a debtor for a bankruptcy order unless he also files with the Court a statement of his affairs in the prescribed form which is not, in the Court’s opinion, incorrect or incomplete. (3) A debtor’s petition shall not after presentation be withdrawn without leave of the Court. I14 – 19 [Issue 3] Insolvency Act

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