Section 178: Foreclosure
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
178. Foreclosure
Where a creditor, who has made a production and has been served with
the notice under section 176, fails to take communication of, and object to,
the provisional scheme of distribution within the period of 30 days, he shall
be ipso facto finally foreclosed from making any further objection.
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Questions this section answers
- What happens if a creditor who was served notice doesn't object to the distribution scheme within 30 days?