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obligation to do the above and present to the
official receiver the company’s or partnership’s seal.
No power of attorney can be granted as this is a non
transferrable obligation. On the day when the
official receiver calls for an investigation, the debtor
must present to the official receiver a list showing
the business performance and assets which the
official receiver shall present to the creditors’ meeting
for their review.
Is there any other obligation imposed on
the debtor after the investigation?
In addition to being called upon for an
investigation, the debtor is also obligated to attend
every creditors’ meeting and must present in the
Court on the public examination. If the debtor
becomes entitled to receive any property, the debtor
shall report and submit in writing to the official
receiver giving details of his/her receipts and
expenditure accounts every six months. In case of
change of address, the debtor must report to the
official receiver his/her new address.
24 Responses to Inquiries relating to Legal Execution in Bankruptcy Cases
Responses to Inquiries relating
to Legal Execution in Bankruptcy Cases
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