INSOLVENCY LECTURE 2WINTER 2010.ppt

* * * * * * * * * * * * * * * INSOLVENCY LECTURE 2 WINTER 2010 LAW EXTENSION COMMITTEE ACTS OF BANKRUPTCY To obtain a sequestration order, the creditor has to prove that the debtor has committed an act of bankruptcy within 6 months before presentation of a creditor’s petition - s 43(1)(a): 43 Jurisdiction to make sequestration orders (1) Subject to this Act, where: (a) a debtor has committed an act of bankruptcy; and (b) at the time when the act of bankruptcy was committed, the debtor: (i) was personally present or ordinarily resident in Australia; (ii) had a dwelling?house