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Section 33: Rights under execution or attachment

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.

33. Rights under execution or attachment (1) Where a creditor has issued execution against movable property of a debtor, or has attached any debt due to him, he shall not be entitled to retain the benefit of the execution or attachment against the Official Receiver, unless he has completed the execution or attachment before adjudication and before notice of the presentation of any application for a bankruptcy order by or against the debtor. (2) For the purposes of this section, an execution against goods is completed by seizure and sale and an attachment of a debt is completed by receipt of the debt.

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