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Section 76: Procedure following entry of deed

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.

76. Procedure following entry of deed (1) The Court shall, after the deed of composition has been entered on the file of the Court— (a) endorse on the deed that it has been entered and filed in Court; and (b) if requested by the Official Receiver, deliver the deed to the Official Receiver. (2) The Official Receiver shall, as soon as practicable after the deed has been entered— (a) take all steps necessary to have any vesting provided for in the deed registered or recorded in the appropriate registry or office, and then return the deed to the file of the Court; and (b) subject to the provisions of the deed, give possession to the bankrupt or the trustee under the composition, as the case may be, of— (i) the bankrupt’s property; or (ii) so much of the bankrupt’s property as the Official Receiver possesses and that, under the composition, revests in the bankrupt or the trustee.

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