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Section 50: Allowance to bankrupt

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.

50. Allowance to bankrupt (1) Notwithstanding any other enactment, the Official Receiver may make an allowance out of the property of a bankrupt to the bankrupt or any relative of the bankrupt for the support of the bankrupt and his dependent relatives. (2) The Official Receiver may allow a bankrupt to retain, for the immediate maintenance of the bankrupt and his dependent relatives, any money up to a maximum of 10,000 rupees or such sum as may be prescribed that the bankrupt has in his possession or in a bank account at the time of adjudication. I14 – 35 [Issue 3] Insolvency Act

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