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Bankruptcy

Debtors petition

  • A debtor files a Statement of Affairs with Official Receiver prior filing petition in court.
  • Official Receiver issues certificate and files it with the court.
  • Courts make a Receiving Order and the Official Receiver is appointed Receiver.
  • The Official Receiver proceeds under the Bankruptcy Act, Cap 25 R.E 2002 and Bankruptcy Rules to liquidate the debtors Estate.


Creditors Petition

  • Creditors petition the court to have the Receiving Order made in respect of the debtors estate.
  • Official Receiver issues certificate and files it with the court.
  • Courts make a Receiving Order and the Official Receiver is appointed Receiver.
  • The Official Receiver proceeds under the Bankruptcy Act, Cap 25 R.E 2002 and Bankruptcy Rules to liquidate the debtors Estate.