The Insolvent Act 1886 (SA)
ANNO QUADRAGESIMONON0 ET QUXNQUAGESIMO
A. | D. 1886. |
No. 385. An Act to amend and consolidate the Laws relating to
Insolvent Debtors.
1886.1 |
HEREAS i t is expedient to amend and consolidate the lawsPreamble.
W | relating to insolvent debtors, and providing for arrangements |
by debtors with their creditors without insolvency-Be it therefore Enacted by the Governor-in-Chief of the Province of South
Aus- tralia, with the advice and consent of the Legislative Council and House of Assembly of the said province, in the present Parliament assembled, us follows:
- |
PRELIMINARY.
1, ThisAct may be cited for all purposes as '' The InsolventShort title.Act, 1886."
I.-Sections 1 to |
11 to 56: Corirts of Insolvency and Appeals |
to the Supreme Court:
70 to |
Proceedings thereunder:
156 to |
by Insolvency:
I'BW
49' & 50' VICTORIA?, No. | -- |
Certificates:
VIII.-Sections | to |
PART IX.-Seetions | |
without Insolvency:
x111.-Sections |
Commencement of
3. This Act shall come into operation on a day to be fixed by the Governor by Proclamation to be published in the |
4. In this Act, and the rules in the Second Schedule hereto, the |
following terms have the meanings hereinafter respectively assigned to them,
if not inconsistent with the context, or subject matter, thatis to say-
" Accountant " means the Accountant of the Court of Insolvency, and includes the Clcrk of any Local Court hereby continued, or hereafter proclaimed as a Local Court of Insolvency, when acting as Accountant:
Bill of sale " means and includes bills of sale, assignments, transfers, declarations of trust without transfer, and other assurance6 of personal chattels; and also powers of attorney, authorities or licenccs to take possession of personal chattels as security for any debt, but sh~ l l not include the following documents, that is to say :-Assignments for the benefit of the creditors of the person making or giving the same, marriage settlements, transfers or assignments of any ship or vessel, or any share thereof, transfers of goods in the ordinary | course of business of any trade or calling, bills of sale on |
goods in foreign parts or at sea, bills of lading, warchouse- keepers' certificates, warrants or orders for the dclivery of goods or any other documents used in the ordinary coursc of busincss as proof of thc possession or control of goods or authorising or purporting to au thorisc, either by indorsement or by delivery, the possessor of such document to transfer or receive goods thereby represented. |
Court of Insolvency- " nieans the Court of Insolvency hereby continued:
'' Commissioner of Insolvency " means the Commissioner of the
Court of Insolvency:
U Court " means the Court of Insolvency, or the Local Court ofInsolvency, having jurisdiction in the matter referred to:
49" |
/
The InsoEvent Act.-1886. ;* Commissioner " means the Commissioner of the Court, and in- cludes the Special Magistrate of any Local Court hereby continued, or hereafter proclaimed as a Local Court of Tnsol- vency, when acting as a Commissioner of Insolvency:
Extraordinary resolution " means a resolution carried by seven- eighths in value and three-fourths in number of the creditors present personally, by attorney, or by proxy, at a meeting of creditors and voting on the resolution; every creditor for under Five Pounds being reckoncd in value only:
Insolvency petition " means a petition for adjndication of insolvency: | |
Liability" includes any compensation for work or labor done, any obligation or possibility of an obligation to pay money or money's worth pursuant to or on the breach of any express or implied covenant, contract, agreement, or under- taking, whether such breach does or does not occur, o r is or is not likely to occur or capable of occurring before the certificate is awarded to the insolvent; and generally in- cludes any express or implied covenant, contract, agreement, engagement, or undertaking to pay, or capable of resulting in the payment of money, or moncy's worth, whether such payment be as respects amount fixed or unliquidated, and payable in one sum or by instalments, or periodical payments; as respects time, present or future, certain or dependent on any one contingency, or two or more contingencies, as to mode of valuation capable of being ascertained by fixed rules or assessable only as matter of opinion: |
-' Messenger" means the Messenger of the Court of Insolvency, and includes the Bailiff of any Local Court hereby continued, or hereafter proclaimed as a Local Court of Insolvency, when acting as Messenger:
"Official Receiver" means the Official Receiver of the Court of Insolvencv, and includes the Clerk of any Local Court hereby contirked or hereafter proclaimed as a ~ o c a l Court of Insolvency when acting as an Official Receiver: |
" Prescribed form" means in the appropriate form given in the First Schedule hereto, or prescribed by rule or a form to the like effect, or as near thereto as circumstances will permit:
"Property" includes money, goods, things in action, land, and every description of property, whether real or personal, and whether situate in South Australia or elsewhere; also, obligations, easements, and every description of cstate, interest, and profit, present or future, vested or contingent, arising out of or incident to property, as above defined:
" Provable debt " means any debt or liability by this Act made provable in insolvency:
C L Registrar "49' &
50' VICTORIAX, No.385.
1886. |
Registrar " means the Registrar of the Court of Insolvency, and includes the Clerk of any Local Court hereby continued, or hereafter proclaimed as a Local Court of Insolvency, when acting as a Registrar: |
"Rule" means a rule contained in the Second Schedule to this Act, or made under the authority of this Act:
Special resolution" means a resolution carried by three-f ourths in value and one-half in number of the creditors present personally, by attorney or by proxy, at a meeting of creditors and voting on thc resolution, every creditor for under Five Pounds being reckoned in value only:
Trustce," except in Part
XI., means and includes the trustee or trustees for the time being of any insolvent estate, and in- cludes thc Official Receiver and the Clerk of a Local Court hereby continued or hereafter proclairued a Local Court of Insolvency, when acting as an Official Beceiver. In Partxr. '' trustee" means the trustee or trustees of any deed
made in pursuance of Part XI.:
No. 11 of 1865-6, intituled " An Act to enable any Commissioner of the Court of Insolvency, although not named in a j a t, to prosecute the same and to exercise and carry into effect the powers and authorities thereof ":
The Insolvent Act, lb6O ":
The Insolvent Amendment Act,
l867 ":Insolvent Further Anlendmen t Act, 1870 ":
No. 44 of 1876, intituled "An Act to further amend 'The Insol- vent Act, 1860'":
No, 54 of 1876, intituled "An Act to amend the cIn~olvent Further Amendment Act, 1870 ' ": |
Part | Act to extend the |
Jurisdiction of Local Courts."
Insolvency Act, |
The Insolvency Act, 1882 ":
No.
326 of 1884, intituled '' An Act to amend the Law relating to Deeds of Assignment ":
Provided that this repeal shall not affect anything done or suffered before thc commencement of this Act, or anv right or title accrued, or obligation or liability incurred, or duty br restriction imposed, before the commencement of this Act, by or under anv such repealed Act, nor shall this repeal, except as hereinafter piovided, interfere with the prosecution or affect the course of any legal |
proceedings
*roceedings pending in insolvency, o r otherwise under any such repealed Act, before the commencement of this Act, but, subject
to the provisions i n this Act, such proceedings shall be prosecuted,
heard, adjudicated, determined, and carried out under the said Acts
as if this Act had not been passed; nor shall this repeal interfere
with the institution or prosecution of any proceeding in respect
of any offence committed against, or any penalty or forfeitureincurred under any of the said Acts hereby repealed prior to the
commencement of this
Act.
Insolvency continued by this Act shall, in reference to all matters
in the present Court of Insolvency and the present Local
Courts of Insolvency respectively, at or before the commencement of
this Act, respectively have and exercise all the powers of the
present Court of Insolvency and Local Courts of Insolvency respec-
tively, and the Commissioners thereof respectively, and such matters
shall be continued and completed in the Court of Insolvency and
the Local Courts of | Insolvency respectively continued by this Act. |
7, Every act of insolvency, petitioning creditor's debt, or otherMattera whichwould
matter or thing committed or incurred before the commencement of |
this Act, and which would have authorised proceedings under any
wealed Act ~ ~ ~ c i e d
Act hereby iqxaled, shall, after the commencement of this Act, Feunder this Act, sufficient to authorise proceedings under this Act, which proceedings shall be instituted, conducted, and brought to a conclusion under the provisions of this
Act.
preaent |
Court of Insolvency at the commencement of this Act under the , | . | a | ; | , | g | , | , |
provisions of any Act hereby repealed, and all matters required to be done to wind up estates of persons previously adjudicated insolvent, or to carry out, fulfil, and complete anything required, permitted, or directed to be done under the provisions of such Act, shall be heard, | adjudicated, carried out, and completed as in such Act provided | in the Court of Insolvency or proper Local Court of Insolvency, as |
the case may be. |
9. Where in any Act or Ordinance, or in any Imperial Statute |
having the force of law in the said province, or in any instrument
and "adjudication." made before the comniencement of this Act, mention is or may be made of any fiat or adjudication of or in insolvency, the words in reference to "fiat" or "adjudication" shall be construed to extend
to; and include, an adjudic&on | of insolvency under this Act. |
10. No corporation or body corporate shall be adjudicated in-Corporation or body solvent or make any composition or deed of assignment under this
corporate. Act.
PART
49' & 50" VICTORIE, No.385
7
PART 11, |
COURTS OF INSOLVENCYAND APPEALS TO THESUPREME COURT.
COu*@"nsO1vency
The Insolvent Act, 1860," |
and the Acts amending the same, shall continue to be thc Court of Insolvency under &is Act, and all its judgments and records shall be judgments and rccords,uf the Court of Insolvency. Sudl Court shall be presidtd over by a Commissioner, who shall hold his office during good behaviour, or by a Judge of the Supreme Court: Provided that it shall be lawful for the Governor, upon the address of both Houses of Parliament, to remove such Commissioner, The present Commissioner shall be the first Commissione~, and every vacancy in the office of Commissioner shall be supplied by the Governor by Proclamation in the
Govewzment Gazette,
12, Any Judge of | the Supreme Court may act as Commissioner |
of Insolvency, either concurrently with the Commissioner of Insol- vency or 'otherwise, and while so acting shall have and may exercise all the powers of the Court of Insolvency and Commissioner thereof. | |
an Acting Commissioner of Insolvency, who, while holding office, | ||
shall have and may exercise all thc powcrs of the Court of - | ||
| ||
by virtue of this Act shall, during his continuance in such office,
practise as a barrister, attorney, solicitor, or proctor, but this pro-
hibition shall not extend to any Acting Commissioner.
Court to bo a Court
15. The Court of Insolvency shall continue to be a Court of lam |
and equity for thc purposes of this Act, and shall have a, seal for all records, documents, and proceedings, and all copies thereof
requiring sealing; and shall have and use all powers, rights, | incidents, and privileges of a Court of Record; and the said Court |
shall have the power of fining in a suamary way, or of suspending or rcmoving any of the officers of the said Court (except the Official Receiver), who shall be guilty |
Court may make
rules regulating the duties to be performed hy all officers of all Courts, and the practice of such Courts and the forms of pro- cecdinga and notices. and the days on which advertisements are to appear, where not provided for in this Act, and generally for better carrying this Act into effect. No such rules shall have any force until approved by the Chicf Justice of the Supreme Court, confirmed by the Governor, and published in the
Govern-
ment Gazette.
The Insolvent Act,-1886.
YART |
,main | in force until repealed or altered by rules to be made under |
the last preceding section.
18. All proceedings and matters to be heard bv the Court ofPlaceofsittingsof
Insolvency shall be heard and determined at the I~solveacy | Court |
House, Victoria-square, Adelaide, or at such other place as the Governor shall appoint. The Comrnissionor of Insolvency may hear and determine out of Court all matters and things relating
to any debtor or insolvent, or his estate, or. the trustee under the
insolvency or assignment, or any proceeding or matter in insol- | |
vency or otherwise, in respect of which the Court his jurisdiction, except the hearing, rehearing, or public examination of such insolvent, and the awarding of |
business daily throughout the year, Sundays, Christmas Dav, Good |
Friday, Monday and Tucstlay in Easter week, and days whi"ch may be duly gazetted as public holidays, exccptd; and the Court may
sit for the dispatch of business on any day except the days
aforesaid.
20. The Court of Insolvency shall have jurisdiction and controlJurisdictionof Court-
in all matters of insolvency, and -particularly shall have the juris-
dictions following :-
I. To hear and determine any matter in insolvency, so far ns the
trustee is concerned, relating to the disposition of the
insolvent's estate and effects, or of any estate or effects
the benefit of the creditors, or relating to m y acts donc or | taken under the insolvency, and claimed by the trustee for |
sought to be clone by the trustce, by virtue of the insolvency: |
insolvency, as between the trustee and any |
creditor or other p~rsonvappcaring | and submitting to the |
j urisdiction of' the Court: |
111. To grant, with or without suspension, or to refuse to anyinsolvent, a certificate of the Court:
IV. To punish any insolvent as herein provided:
V. In any othcr matter, whether insolvency or not: where theCourt, by virtue of this Act, has jurisdiction over the subject of the application.
~ | l | tone, | ~ | d | ~ |
49" &
50' VICTORIIE, No.385
p. | -- .. | -- - | A L | - - | - -- |
Gladstone, the Local Court of Mount Gambier, and the Local Court of Moonta, as established as Local Courts of Insolvency undcr the provisions of .Act 195 of 1880, intituletl. " An Act to extend the Jurisdiction of Local Courts," shall continue as such Local Courts of Insolvency.
Conutitution of now
respective underrnentioncd officers of the Court of Insolvcncy shall be vested in and exercised, performed, a,nd enjoyed by the respective undermentioned corresponding ofiicers of every Local Court being a Local Court of Insolvency, |
Commissioner | Special Magistrate |
Official Receiver | Clerk |
Accountar~t | Clerk |
Registrar | Clerk |
Messenger | Bailiff |
The Insolvency jurisdiction hereby conferred on Local Courts | ||
of insolvency shall be concurrent with that of the Court of Insol- vency; and the Commissioner of Insolvency may, at his discretion, but having regard to the wishes of creditors, and after notice to the insolvent, who shall be entitled to be heard on the application, order that any proceedings in the Court of Insolvency be removed to any Local Court of Insolvency, and any Special Magistrate, guided by similar principles, may order that any proceedings in the Court over which he shall preside shall be removed to the Court of Insolvency or to any other Local Court of Insolvency. Upon such order being made, the whole of such proceedings, with a copy of such order, shall be transmitted accordingly, and, shall thereupon become records of the Court whereto the samc shall be removed. The Court may, on being satisfied that personal notice to the insolvent would be difficult or expensive, order notice to be given to him by advertisement, or in such other manner as t h ~ | |
Court may think fit, |
49@ &50° VICTORIIE, No.385.
Insolvency may, at his discretion, |
I~aving | regard to the wishes of creditors, order that a11y proceed- comdssionermay |
ings in any Local Court of Insolvency shall be removed to the be rumoved pmmedings from to
Court of Insolvency; and upon. such order being made and notified Looai court to court
to the Local Court of Insolvency, the whole of such proceedings | lnsO1vency. |
shall be forthwith transmitted to the Court of Insolvency, and shall become records thereof. |
any order made under either After |
to
of the preceding sections, all functions, powers, and authorities removed shall have
vested in the Caul t of Insolvency, or the Local Court of Insolvency, j | matter. |
as the case may be, in reference to the proceedings ordered to be removed, shall become vcsted in the Court to which such proceed- ings shall be ordered to be removed, and all funds in the hands of the Official Receiver, or any trustee or other officer of such Court, shall be forthwith trcznsftwed and paid over to the Official Receiver | |
of thc Court to which such proceedings shall be removcd, subject to | |
all just allowances. |
28, Any practitioner of the Supreme Court, trustee, auctioneer,court may order
messenger, or bailiff who shall have in his possession or under his Supremo Court, | practitioner |
control a'ny goods or moneys belonging to the estate of any insolvent trustee, auctioneer, | messenger, or bailiff |
may be summoned before the Commissioner, who may ordcr such | |
prnctitioncr of the Supreme Court, trustee, auctioneer, mcmenger, or bailiff to delivcr such goods to the twstee, or to pay such moneys into Court within a timk to be named in such order: Provided that nothing herein contained shall affect any lien which such practitioner, trustee, auctioneer, messenger, or bailiff' may have on such goods or money. |
Any such practitioner, trustcc, auc tionecr, messenger, or bailiff If practitioner, | auctioneer, |
not obeying such order may be committed to gaol by the Commis-
,e,,enge,,ba~~
sioner, by warrant, until | shall deliver such goods or pay such dieobey order, Cam- | missioner may |
moneys, and, in addition thereto, such order may, on the order of the puniak | Commissioner, be removed into the Supreme Court, and there filed of | record, and thereupon shall be deemed an order of the Supreme |
Court, and further proceedings may be had thereupon accordingly. |
30. Every Court of Insolvency Inay reverse, review, rescind: or Courtmay vary order.vary any adjudication, judgment, or order made by it.
All proceedings in Insolvency shall, in the option of the person Court where proceed- |
instituting the same, be instituted either in the Court of Insolvency
ings to be instituted or in the Local Court of Insolvency holding sittings nearest in a
direct line to the place, or one of the places, where the debtor or insolvent carries on business or resides at the time of the institution
of such proceedings.
32, If any insolvent, trustee, creditor, or debtor, or any Appeal to Supremeperson claiming to be a creditor, or any person who shall have
court. appeared
B-385.
49' | VICTORIA$ No. 385. |
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The Insolvent Act.--1 886.
appeared and submitted to the jurisdiction of any Court, or who shall be affected by any order. dettlrminatio~i, or direction of any such Court or of any Commissioner, shall be dissatisfied with any order, determination, or direction of such Court or Commissioner, in respect of a matter of fact or of law, or of the admission or rejection of evidence, the person so dissatisfied Inay appeal therefrom to the Supreme Court: Provided that, if no such appeal shall be entered within twenty-one |
' | |
formity with the rules in that behalf contained in the Second
Schedule hereto.
35, The Supreme Court, on the |
shall have power to rescind, vary, reverse?, or ror~fi~.m any order, determination, or direction appealed against, and shall have l)ower, to give such decision in the matter appealed horn as ought, 111 thc opinion of the Supreme Court, t o hate been given in the f i ~ s t | |||
| |||
matter of whose insolvency the appeal has been brought. |
appcal, shall be final and conclusive, and no appeal shall be allowed therefrom to the Local Court of Appeals. | |
case, to the Supreme Court, which shall have the same powers as if the question had been brought bcfore it by |
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r -
38, Inany casc in which any Court shall, in consequence
of the oppos~tio~ | of any creditor, or at the instance of any |
creditor, remit any qucstion of law by way of special case to the Sopreme Court, there shall 'be stateh in such special case the rrame or names of the creditor or creditors at wLose instance, or in consequrricc of whose opposition, such special case has been remitted, and such creditor or creditors shall be deemed to be a party o r prties to, and shall conduct such special case beforc the Supreme Court, ancl the Supreme Court shall have the same power in respect to the costs of such sperial case as is provided in respect of appeals.
of fact |
in insolvency for trial in the Supreme. Court, and shall there- | |
upon direct a writ. of summous to ba issucd out of the Suprerrle | |
~ L o r t by | |
the same sllell be settled by thc Vorntrlissioner. |
certified by the Associate or other proper officer of the Supreme | 40. |
Court to the Court referring
the question, which shall make such order in the matter as it shall think fit.
41. There s l i d be an officer of the Court of Insolvency styledOfficialReceiver. the Official Receiver: John Cherry, Esquire, shall be thc first
Official Receiver.
The duties of the Official Receiver shall be as follows- |
I. To investigate and report to the Court u p m the accounts of Report on |
the trustee under every insolvency: |
11. To act as sole trustee of every insolvent estate until a trusteehot as trustee. shall be appointed, a.nd also whenever there shall for the
time being be no trustee:
111, To superintend, control, and manage the funds belonging toManage funds in
C o u ~ ' t. the insolvents' estates, and funds which shall come into virtue of this *\ct; and to keep proper books of account relating to such funds, arid to give such security, and be subject to such rules, and act in such manner as may, by the Commissioner, or by any rule, be from time to time directed:
lv. To recover and receive all personal estate and the rents and
Recover imolventa' profits of all real estate, and the proceeds of the sale of all
estate. the
l 2l | 49° & 50' VICTORIW, No. | - | -. |
the real and personal estate of all insolvents, except where otherwise directed by the Court or provided by this Act, and to forthwith lodge in some incorporated bank h a ~ i n g a place of business in Adelaide, to his credit as Official Xeceiver, all stock in any public company and all moneys and public securities, and all bills, not&, and other negotiable instru- ments: |
Publish account of
v. To publish in the Government Guxedte, on or before the first day of Illarch i n every year, an account made up to t,he thirty- first dny of December preceding, in the prescribed form, of all estates in insolvency that have during the year ending on such thirty-first day of 'December been in any way in or before the Court, | |
him of any deed under Part XI, of this
,4ct :
Deliver up
deeds of assignment |
of duties by trustees. of sub-sections W., v., and vrr, of section 284.
act done by him, or by his order or authority, in the execution of his duty, by reason of the petitioning creditor's debt or act of ixlsol- vency upon which any adj~dicat~inn shall have been grounded, being insufficient to support such adjudication.
instruments under any insolvency in his character of Official | Receiver, where he shdl have paid or deposited such money, bills, | notes, or other negotiable instrumex&s during the prosecution of the |
insolvency in some incorporated hank in Adelaide, to the credit of the Official Receiver, and shall have given credit for such pay- ment and deposit to the particular estate for which such money, bills, or other negotiable instrument,^ shall have been received, and after such payment or deposit shall not have dealt with such money, bills, notes, or o!her negotiable instruments otherwise than in the execution of his duty as Official Receiver. |
If action brought a. If any action shall be brought against any Official Receiver
or Special Magistrate shall seem meet.
45. On49' & 50" VICTORIE, No.
385.
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"--
45. 011 the death, resignation, or removal of any Official_ P * ~ T IX-
Receiver, the Official Receiver appointed in his stead shall, by | virtue of his appointment, be entitled to act in each insolvency, and |
appointlnent shall, in contern1 lation of law, have relation back
to the death, resignation, or removal of the previous Official
Receiver.
be exercisable by the Official Receiver for the time being, and all being, in his own name, as fully and effectually as if the same had been recovered by or given to him.
judgments recovered by, and rccognizat~ces given to, ally Official
47. During the temporary absence of the Official Rcceivcr from
$ ~ ~ ~ ~ ~ ~ ' t ~ J '
illness, leave of absence, 01- other reasonable cause, the Commissioner
may, by writiug under his hand and scal, noniiriate some person to act as Acting Official Receiver; and the person so nominated
shall, on giving such security as the Commissioner may direct, exercise, perform, and have all the powers, dutics, and immunities
of the Official Receiver.
48. There shall bc an officer of the Court of Illsolvency styledRegistrar-
the Registrar: Ro'uert Blunt, Esquire, shall be the first Registrar.
'I'he duties of the Registrar shall be as follows :-
I. To act as clerk of the Court:
11. To keep the records of the Court:
'I'o tax costs: | |
~ v. | To perform all such other duties as sliall be imposed on him by Rule or by order of the Commissioncr. |
49. There shall be an officer of the Court of lnsolvencv styled |
the Accountant. | ' h e present Accountant of the Court shnli be the |
first Accountant under this Act.
The dutics of thc Accountant shall be as follows:--
I. To investigate the books and accounts of the insolvent, to prepare thercfrom a schedule and balance-sheet of the insolvent's property: dealings, and transactions, as far as the said books and accounts afford materials for preparing the same; and to file such balance-sheet with the Registrar ten days, and such report with thc Registrar seven days at least Lefore the day appointed for the second sitting under the insolvency:
11. To report as to the keeping of accounts by the insolvent; whether the insolvent has rendered and given him all necessary assistance and information in his power; whether any books or papers appear to be missing, or to
have
49O & 50' VICTOKILE, No. 385.
-. | . - | - | - - |
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. |
-- |
111. l'o attend the Court at such sittings under the insolvency
as the Court may require,
Removal and
50, The Governor may from time to time, as occasion may |
require, appoint an Official Receiver, Registrar, or Accountant, and from time to time remove ;;my Official Receiver, Hegistrar, or | |
to act instead of the meskenger of the Court in such matters | be referred to such special messenger, whenever. by reason of distance |
or other cause, it shall not be deemed advisable that the messenger of | |
the Court shall act. |
Summonses, &C.. may
be signed by Official 54. A l l summonses, orders, warrants, and other instruments,
ReceiverorRegistrsr. evidence, records, and proceedings may be signed by the Commis.sioner, the Official Receiver or the Registrar, and shall be sealed
with the seal of the Court,
* of appeal to the Supreme Court, that Court is hereby authorised to
receive and
take such fees as it would have taken in the case of anappeal from the decision of
a Judge of such Court.
66. The
49" & | - " - P - - | - |
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1886. |
_ -
56. The salaries of the (:ommisfioner. and ministerial, and other
of the Court (excepting the ac'countant and mcsseng~rs), stlall be in lien of all fees and emoluments whatsoever, and shall be p id out of the Cieueral Revenue of' the said province. |
PART |
ACTS OF
INSOLVENCY.
57. If any debtor shall depart the said province, or, beingDeparting the pro- out of the said proviiice, shall remain absent therefrom. or shall
; ~ ~, o ~ ~, " ~ ~, " ~ - depart fiom
his dwelling-house, or otherwise absent h im4f, orabsent.li~epinghouse, begin to keep his house, or suffrr himself to be armstcd or taken in
~ ~ f ~ ~ ~ n ~ ~ ~ & & e n t execution for any debt not due, or yield himself to prison, or suffer
grant. himself t o be olltlawed, or procurc hirnsclt' to be arrested or talwn in
execution, or his goods, money, or chattels to bc attached, seqlies-
tratcd. or taken in ( scacution; or make or cause to be mitclc, either
within the said province or elsewhere, any fraudulent grant or
conveyance of anp of his lands, tenements, goodq or chattels, or | make or cause to be made ally fraudulent gift, delivery, or transfer :' |
of any of his goods | |
delnv his creditors, or whpreby his creditors shall or mav | |
or delayed, shall be deemed to have thereby cornmitt& on act of | |
insolvency. |
58. If any person having been arrested or committed to prisonLying inpison or
for debt, or upon any attachment, or order, or commitn~ent | ior | or |
respecting the non-pnymclrt of money, and from
which imprison- ment he might be tli&haryed upon pnym~nt of rnoncv, shall upon
such or any other arrest or commitment for debt or n ~ i - ~ n ~ r n e n t | of |
moliey, or upon any clotc-ntion for debt, lie in prison tor twenty-one days, or having been arrested for anv cause, or being in prison | for any cause. shall lie in prison as aforesaid after any detainer | for dcbt lodged against him and not discharged, or if anv such |
person haring been arrested. committed, or detained for debt, shall cscaye out of prison or custody; or if any person shall abscond or keep oat of the way to sviid being taken or served with auy proccss for debt out of m y (hurt; the person so lying in prison, escaping, absconding, or keeping out of the way, shall be deemed |
arrest, commitment or detention, or on the first day of the abscond- ing or concealment of sucn debtor, as the case may be. |
59. If any debtor shall file, in the office of the Registrar aDeulmationof insol-declaration of insolvency, in the prescribed form, signed by such debtor, and attested by an Official Receiver: Kegistrsr, practitioner
of the Supreme Court, Justice of the Peace, or Clerk ofa Local Court, every such debtor shall be deemed to have committed an actof insolvency at the time of filing such declaration: Provided a
petition
49" &
50" VICTORIE, No. 385.
petition for adjudication be filed by or against such debtor within two months from the filing of such declaration. The Registrar receiving such declaration shall forthwith cause a copy thereof to
be inserted in the
Governm~nt Gazette.
of insolvency against him, shall pay money to the petitioning cre- ditor, or give or deliver to such pctitioi~iu~: crcditor any satisfaction or security for his debt, or for any part theh:of, whereby such peti. tioning creditor may receive nlnre in the pound in respect of his debt than the other creditors, such payment, gift, delivery, sitisfac- tiou, or security shall be an act of insolvency, and if adjudication of insolvency shall have been made under such petition, the Court may | |
either declare such adjudication to be valid, and direct the same to | |
be proceeded with, or may order it to be annulled, anti a new petition for adjudication may be filed, and such new petition may be supported by proof either of such !a&-mentioned or of any other act of insolvency. |
If any plaintiff shall recover judgment in the Supreme be entitled to levy execution upin such judgment for Twenty Pounds or upwards, and thc clefendaut sl~all not, within fourteen days after notice in writing personally served upon him, requiring immediate payment of such judgment dcbt, pay, secure, or com- pound fbr the same, to thc satisfaction of such plaintiff', the defendant shall be deemed to have committed an act of insolvency on the fifteenth day after the service of such notice: Provided that if execution shall in the meantimc bc stayed or restrained by any rule, order, or proceeding in any Court of Justice no further pro- ceeding shall be had on such notice; but it shall
bc lawful for such phi11 tiff, when again er1 titled to 1cv)- execution an suchj udgment for Twenty Pounds or upwards, to taroceed again by notice in manner aforesaid.
with judgment
Court or any I m a l Court for Twenty Pounds or upwards, and shall | |
days after peremptory or any Judge thereof, or by any Court of lniolvency, or any Corn-
day Axed. missioner, ordering any person to pay a sum of moncy, and such t)erson shall disobev such decrec or order after due service uponI him, the person entitled to rcceive slxh sum nrider such decree or order, or interested in enforcing the payment thereof, may apply to the said Supreme Court, or any Judge thereof, whether such decree or order shall have been made by the Supreme Court or a Judge or not, or to the Court or Commis~ioner making such order, for an order fixing a peremptory day for the payment of such money; and if the person liable to pay, being yersonaliy served with such last-mentioned order, not less than fourteen days before the day therein appointed for the payment of such money, shall neglect to pay the same on or before the peremptoryday so fixed, he shall be deemed to have committed an act of insolvencyon the day after such peremptory day.
49' &
50° VICTORIfi, No.385
the purpose of obtaining payment of ilot less than Twenty | returned unsatisfied Exocution levied or |
Younds he levied bu seizure and sale | for Twenty Pounds. |
be returneil unsatisfied to the extent of T ~ v ~ n t y | Pounds or |
upwards, the debtor shall be deemed to have committed an act of insolvency at the time of such sale or return: Provided that an insolvency petition be presented against or by the debtor within fonr weeks a f t 6 the date of such sale or unsatisfied execution: Prwided that
Qle Court may reverse such adjudication on its being paved that such return is improper and uiitrue, the bwden of which proof shall be on the insolvent.
64, If, at a meeting of creditors under section 262, or some | If at meeting of cre- ditors special resolu- |
ndjonxnrnent thereof, a resolution accepting | tion accepting com- |
sition or schcme. or for thc cxccution by the debtor of a deed of' assign- | of arrangement, or position or scheme |
mcnt under Part XI. of this Act, or a resolution bp a majority in value | that debtor execute |
of the creditors present personally, by a t to rne~, or by proxy that | deed, not carried, or |
if ilcbtor do not | |
such meeting shall not bc deemed an act of insdlvency, bc not duly | cute deed. |
passed, or if the debtor shall not execute a deed of assignment pursuant to a resolution theretbr within seven days from the passing of sueh resolution, or if | |
act of insolvency orr the date of thc first meeting of creditors: | |
Provided that a petition that the debtor* |
If composition or | ||
|
rejected or annulled under section | 265, subsections | annulled by Court. |
first rncctixij: of creditors shall be dwnred on act of insolvmcy on
the part of the ilcbtor, provided adjudicntior~ of insolvency bc
obtained against him within seven days from the date of the order
of rejection o r annulment.
that deed under l'nrt | |
Declaration by Court |
in pursuance of Par t xr. of this Act to be void, the debtor shall | XI. void, |
be deemed to have committed an act of insolvmcy on thc date of the meeting of creditors at which such deed was resolved upon: Provided adjudication of insolvency bc obtained not later than fbur- | |
teen days from the date of such dcrd being so drclarod void. |
notice, attested by the keeper of the gaol and in the prescribed |
form, to
a Registrar of his intention to petition asn pauperfor adjudication of insolvency against himself, the giving of socl1
notice shall be deemed an act of insolvency committed by the debtor a t the time of the receipt of sueh notice by the Kegis- h r. The Registrar shall make an entry of such notice, and the time of receiving the same, in a book to be kept for that Purpose, and the production of such notice, and of thc entry thereof
in the said book, shall be evidence of the act of insolvency, without
further proof.
68. No
C-385. 49' &
50' VICTORIE, No. 385.
The Insolvent Act.-X 886.
NO person to be adju: 813Y act of insolvency committed more than twelve months prior to
| ||
If an agent of any body corporate or public company shall company shall be deemed to have had such notice.
have had notice of any act of insolvency, such body corporate or |
PART |
ADJUDICATION O FINSOLTTENCY AND PROCEEDINGS'I'HEREUNDER.
Adjudication obtained
a Local Court, and if presented by a debtor petitioning as a pauper, | ||
seven days at least shall intervene between the act of insolv~ncy | ||
| ||
a debtor pctitioning as a, paup~r. | ||
cation of insolvency shall be as follows-the | debt of anv sinele | U |
creditor, or of twb or more partners, shall amount to 'l'wenty Pounds; the debt of two creditors shall amount to Thirty Pounds;
and the debt of three or morc creditors shall amount to Forty
Pounds; and every person who has given credit upon valuable considerl.,ztion for any sum payable at a certain timc, which time shall not have arrived, may so petition or job in petitioning, whether he shall hold any security fbr such sun1 or not.
by public o5cer of such public officer as the nominal petitioner for and on behalf of
such copartnership.
Keeper shallcertify
the gaol in which such debtor is imprisoned shall, by memorandum | |
on the petition, certify the name of the detainingw creditor of the petitioner. |
74, If the petitioning creditor in any insolvency petition shall |
not obtain adj udicnt ion within three days after h$ itetition shall |
three |
have been filed, or within such cxtcnded time as shall be allo\ved by
the Court, the Court may a t any time within fourteen days then next following, upon the application of any other creditor or
creditors
I
T 49" .&
50" VICTORIW, No.385
-
to the requisite amount, or of the debtor, proceed to $Ijudicate on such petition; but if the petitioner, or some other creditor or creditors, or the debtor shall not within such four- teen days, or within such extended time as may be granted by the Court for that purpose, apply to the Court to adjudicate, no
fmther proceedings shall be taken on the petition, and such petition
shall be considered to be dismissed.
Any creditor, whose debt is sufficient to entitle him to petition | Creditor of firm may |
for adj jodication of insolvency against all the partncrs in any firm | petition againat any |
Inay petition for such adjudication against one or more such partners; | partner. |
and on | |
the Court may dismiss the same as to one or more of such persons, and grant an adjudication agaiust thc other or others. |
If one partner adjudi- | |
cated and another out |
against LZ partner in a firm, and any other partner is out of the said | |
province, or of unsound mind (whether so found by inquisition or | sound mind, Court may make order for |
not), the Court shall have jurisdiction, without ad j udging him an | administration of |
insolvent, and on proof to the satisfaction of the Court that the | joint property. |
film are unable to pay their debts as they become due, to make an | |
ordcr in insolvmcy fbr the administration, according to the | |
such ordcr being madc, the property of the firm shall vest and be | |
administered as if an insolvency petition had been presented and an order of adjudication made in the first instance against all the | |
members of' the firm. |
Penalty if petitioning | |
creditor's debts not |
or in his petition for adjudication, shall not bc due, or if aftcr | due, or potition filed |
a petitioti for adjudication of insolvency filed, it shall not bc proved | fraudulently and |
tlint the person against whom such petition was filed had cornmitted | maliciotisly. |
an act of insolvency at the time of the filing of such petition, and | |
it shall also appear that such petition was filcd frandulently | |
whoin any such petition was so filed, examine into the same and | or maliciously, the Court shall, upon petition of the person against |
order satisfsctiotl to be made to him for the damages sustaiued. |
Petitioning creditor |
insolvency, receive any money, satisfaction, or security for his debt, | i n payment of debt. |
receiving money, | |
or any thereof, whereby such petitioning creditor may receive | |
more in the pound, in respect, of his debt, than other creditors, | |
such petitioning crcditor shall forfeit his mhole debt, a n d shall also repay a i d deliver up such money, satisfaction, or security, or the full valne thereof, to the truster for the benefit of the creditors | |
of such insolvent. |
If person about | |
quit province or re- |
agaiust any person, a i d i t shall be proved to the satisfaction of | move goods Court |
the Court that there is probable cause for believing that such | may issue warrant. |
Person is about to quit the said province, or to remove or |
conceal
20 49' &50' VICTORIiE, No. 385.
. --
PAW Iv.
p-".-- | conceal any of his goods and chattels with intent to defraud his |
creditors, the Court may issue a warrant directed to the messcnger and his assistants, or to such person as the Court shall think fit, to arrest the person petitioned against, and to seize his personal estate, and to keep such person and estate until the expiration of the time allowed for adjudication on such petition, or until such person shall be adjudged insolvent under such petition, and be there- on dealt with according to this Act. | |
Person arrested may |
obtain order to show |
preceding section, or any pr:1.son | whose p ~ r s o i d | cstatc s l d have been |
cause
why he
not be diacllarged- | seized under any such warrant, may apply at any time after such arrest or seizure to the Court for an 'order on the petitioning creditor to show cause wliy the applicant should not be dischar&d out of custody, or why his personal estate should not be d ~ l i r e ~ c d up to him, and the L'ourt may mttlie nbsolutcl such order or discharge the same. |
insolvency, | topr0ye | debtor or any o t l l t ~ | person whom such Court shall believe capable of |
Court may exa~x~irie | such person 1113011 oath conccvning such act of' |
insolvency. If the person summoncd sllall not come betbrc the Court at the timc appointed, havilig no lamf'ul impcdimerit made known to the Court., and allowed by it, the Court may issue
a warrant to arrest such person, and to bring him before the Court for examina- tion, and also to seize all books, mritinw and documents which such' r, person may he sumrnonccl to produce. Jhe Court may also fine or fine and imprison the person so summoncd and neglecting to appear.
Affidavit in certain
cases may be sworn |
before petition. | ing crediter's debt, or any other matter in support of an insolvency | |
| ||
intituled in the Court in which such petition shall afterwards be filed. | ||
Cowt mayadjudicate. | ||
such debtor insolvent. | ||
petition of a creditor, the Court may amend any error or supply |
any
49' & | VICTORIE, No. |
-
The hso1ven.t Act.-1886.
my omissions in the name or addition of the insolvent in any
of the proceedings prior to or under the insolvency, and notice
therof shall be given by the Official Receiver by advertisement in the
as if they had originally been in the amcnded fbrm.
insolvency cvery insolvent shall convene a meeting of his creditors, | ||
in the same nmnner as is prescribed in clause 262, Part XI. of this Act, and until such meeting can be held the Court of Insolvency or any Local Court of Insolvency shall have the same jurisdiction as to staying proceedings and exercisable in the same manner as is provided by clause |
for adjudication of insolvcncy against himself, mcl an adjudication obtained on such petition, or at the instance of an insolvent, shall
have on the property, ricalings, and transactions of the insolvent,
the like operation and effect, and the title of the trustee shall have the like relation as if the adjldicntion had proceeded on the petition, or at the instance, of a creditor: Provided that nG adjudication shall, except in case of
be had on the application of such debtor, except upon payment of
the proper fees and charges.
ing creditor be found by the Court | |
such adjudication, the Court may, upon the application of any othcr | |
creditor proving a debt sufficient to support an acl.jutlication, or | |
which being added to thc petitioning creditor's debt is sufficient for that purpose, order, in the pr~scribecl form, such last-mentioncd debt to be substituted for or addcd to the debt of the petitioning | |
creditor, and thereupon the adjudication shall be as valid as if the |
petitioning creditor's debt had been sufficient. |
public sittings of thc Court under the iusolvency, the first to be | |
held not earlier than seven days, nor later than fburtccn from thr | |
date of adjudication-and the second to | |
fix an amount for which the Officiai Receiver shall be a judgment | |
creditor of such insolvent,; and may, from time to time, until the insolvent passes his last examination, substitute another amount for the amount so fixed. Every such order shall have tflie effect of a judgment in the Supreme Court; but i t shall not be enforced uor shall judgment thereon be entered up without lcavc of the Court. |
89. The Court, after adjudication, shall, at the instance of the | |
official Receiver or trustee. issue a warra~it | to the messenger to seize |
$1 the personal estate of |
49' & 50' VICTORIAZ, No.
385.
I n the casc of a pcrwc'n acljjndged insolvent on the petition of the adjudication to be served up011 such insolvent or by leaving the same at the usual oi lnst-known place of abode-of such |
a creditor, the OfIicial lteceiver s l d l fbrth~vith | cause a duplicate of | |
Insolvent may S ~ O W insolvent. ,4ny person adjudgecl insolvent on a creditor's petition
ceeding fourtren claw in the nholv, or at tlln first public sitting under his ir~solvencv, sllow cause to the Cotlrt against the validity of such adjudication; -and if he shall show to tire satisfaction of t h e Court that the petitioning c:reclitorls debt or act of insolwncy grouncl- ing such adjudication, or both of them, arc insufficient to support such ad jnclication, and if no other petitioning creditor's debt and act of insolvency, or snch onc of such mattcrs as shall be required to support such adjudication slid1 be proverl. the Court shall order such adjudication to be reversed, autl shall forthwith cause iioticc of such reversal to be given in the
Government Gazette.
Court to fix period
adjudged insolvent on his own petition or on |
his own application shall surrender and conform within three days | |
after such adjudication, and before three o'clock in the afternoon of the last day. | |
93. Evcry person who shall be ncljndqed insolvent s11a11 be free |
from arrest or i~riyvisolmcnt by any credhor in coming to snrrender; and every insolvent, after surrender, shall be free from arrest or im- prisonment by any creditor, so long as he shall have the protection | |
|
tirnc thereafter, bc in prison, or in custody cm civil process of ally Court having beerr wrested or cormiitted to prison for dcbt or damages, or upon any attachment or order or coamitment for or respectiug the non-payment of money, or for contempt of any Court, and from which imprisonment hc might be discharged upon payment of money, the Court may, by warrant, order his immediate release: Provided that such rclcusc shall in nowise affect any ri@t of any creditor against the insolvent, except the right of detainmg him in | ||
|
deemed to be in custody for debt at the suit of the Official Receiver for such a sum as the Court may, by such order or substituted order as aforesa,id, have directed; and the messenger of the Court |
shall,
49' |
C_------
Tht Jizsolvent Act.--1 886.
&all, upon receiving thc marrant of the Court. lodge thc insolvent in gnol and such insolvmt shall not hc dischaxgeil tlierefrom until
he shall h a w 11ass"ed hi3 last cuamination, unlcss hc shall have
the protection of the Court.
insolvent out of C o u ~ t |
discharged out of custody at the suit of the Official Receiver, on his | custody on finding |
finding sufficient surety to t3nter into | sureties. |
lieccirer in such sum as thc Court s l d l order for thc pcrsoiza,l appearance of the insolvent in such Conrt when lawfully required until lie shall pass his last examination, and thc~eupon the Court &l1 grant protection to thc said insolvent: Provided that the surety of the insolvcnt, | |
found other surety to m I argrr amount, and thcrcupon str;dl order such insolvent again it1 to custody. The Cowt may again order thc d i s h r g e of, a ~ i d grant protection to, any insolvent so wndered to gaol, or whose protection shnll be so withdrawn, 011 his fintlirig |
The Court niay
~urcty | as though hc had jus t thcii surrcndelccl. |
dispense with bail in ;my case it may think fit.
:icknowlcdged | Pcrsons empowered to |
bufbre any Commissioner, IEtegist~w, Spccinl Magistrate, or Justice | take recognimoceu. |
of thc, Pence. |
Court empowered to orcler ~nliterial |
or in custody urr der | crccution, | conlrnit- | ,itnesl | to |
nicnt, or sentence, | of | l l c r %faj | jesty's | gaols, he brought before | Court. |
01. wrving any scntcwce, ;I rrcl who shall l.x:L necessary or matcri;;tlwitness in any matter pending in thc Court, to be brought before
the C'onrt, or some o f i ces thcreof.
persons having thc custody of an insolvcnt or prisonrr, shall obey | obey order to bring |
any orcler madc by tbc Court for bringing np such insolvcnt or lxismwr, or for rrcciving or uctaining any insolvent, or for the rclraso of any illsolvent; and if any action or otlrcr procreding shall be brought against snch keeper or other person for obeying such order ire may plend not guilty by t l ~ i s Act, illld givc S L I C ~ ~ order | |
h evidence. |
schedule six |
the | iosolvcl l~~, | or such cxtcirded time as the C o ~ ~ r t | may allow, the | first |
holvent sIi;rll file irk Court sohdule which shall sat out, as far as practicable. thc particulars of his asscts ancl liabilitics, the names, 'csiclcnces, and occnp;~tions of his creditors, the securities held by
them respectively, the valne at which hc estimates the same, the
dates on which they were rospcctively given, and thc amount prov-
"bl after deJucting such value. The schedule shall be signed by
the
49' & 50' VICTORIA!, No. 385.
The Insolvent Act .1886.the insolvent and verificd by his affidavit, or that uf sorrleoiie else able to vcrifv the sstrne. Ally -insolvent failing to file the nborc schedule shd l be deeme(1 guilty of contempt of Court: . Provided that the Court may dispense with the filing of the said schedule.
Notice of first
day appointed by the Court for the first public sitting under the
insolvency, cause notice of such sitting to be given in the rna~liner
directed by rule to every creditor of the insolvent so far as known
to him.
Insolvent to deliver
the period l i m i t d for his surrender, deliver up to the Official | |||
| |||
his estate in his c~lstody or power, and shall discover such as are in thc custody or power of any other person, ant1 snch insol\-cnt, shall post and make up his books and aocomh to the date of the adjudication; and, if not in prison or in custody, shdl at tmd the accountant, a t such place and when and as often as he shall be required, or, if such insolvent shall bt? in pl-ison or in custody, he shall attend the accountant or some person appointed bp him, at the gqol or place of custody, and shall furnish to him such particulars of his debts ancl credits, cstrttc | |||
in the prcscnce of the Official lteceivw, or aniy person appointcd by | |||
him, and bring with him each tinw any two persons to assist hiin. | |||
insolvent |
tion, shall upon demand in writing given to him, or left at his usual |
place of abode, attend the trustee to settle any account between his estate and | which attendance he shall be l>i~id, | Eight Shillings pcr day by tlw |
trustcc out of his estate, and also his reasonable travelling expenses to be allowed
bv the Court; and if any insolvent shall ncglect to comply with the of this section he shall for every such offence forfeit and pay to the trustee, for the benefit of the estate. a sum of not exceeding Twenty I'ouncls.
If it shall appear to the Court that thcrc is rcason to |
susp~c t that any property of any insolvent is concealed in any house or other place, the Court map, on the application of the trustee or any creditor, grant a search-warrant to any person appointed by the Court, and such person may execute | |
such warrant, and shall be entitled to the same Pl-otection as is |
allowed
49' & 50' VICTORIW, No.
385.
-
The Insolvent Act.-1886.
allowed by law in the case of a search-warrant for property reputed
to be stolen or concealed.
105. NO action shall be brought against any messenger or his NOsotion to be
, assists* t, or other person appointed by the Court, for anythiog done ~~~~~~~~$~ |
in obedience to any warrant of | the Court, unless perusal and copy |
of such warrant has been demanded by notice in writing, signed by
the party intending to bring such action, or by his attorney
and served on such messenger, assistant, or other person, or left at
his usual or last-known placc of abode in the said province, and unless such demand has been refused, or has been for six days neglected to be complied with.
after such demand and compliance therewith, any action |
be brought against such messenger, assistant, or other person, | in |
without making the petitioning creditor if living a defendant, the defendant at the trial of such action shall, on proof of such - warrant, be entitled to a verdict, notwithstanding any defect of jurisdiction in the Court by which such warrant shall have bcw granted; and if such action be brought against the petitioning creditor, and such messenger, assistant, or other person, such messenger, assistant, or other person shall, on proof of such warrant, be cntitlcd to a verdict, notwithstanding any such defect of jurisdiction; and if a verdict shall be given against the petitioning creditor for an amount carrying costs, the plaintiff shall recover his costs against him, to be taxed so as to include such costs | |
as the plaintiff is liable to pay to such messenger, assistant, or other | |
person, |
107. In any such action brought against the petitioning creditorProof of defendant
either alone or jointly with any messenger, or assistant, or other |
person so appointed by the Court, for anything done in obedience
make himliable. to the warrant of the Court, proof by thc plaintiff in such action
that the defendant, or defendants, or any of them, is or are petition-
ing creditor or creditors, shall be sufficient for the purpose of making such defendant or defendants liable in the same manner and to the
same extent as if the act complained of in such action had been
done or committed by such defendant or defendants.
108. Any person acting under warrant of the Court, may breakI'owersof person
open any house, chamber, shop, warehowe, trunk, chest, or other | |
receptacle of any insolvent., where such insolvent or any of his property shall be suspected to be, and seize upon the body or property of the insolvent; and if the insolvent be in prison or in custody, the person acting under such warrant may seize any property of the insolvent (his necessary wearing apparel only excepted) in the custody or possession of such insolvent, or of any other person in any prison or place where such insolvent is in prison | |
or custody. |
warrant |
4 9 O &
so0 VICTORIE, No. 385.
The Insolvent Act.--P 886.- -
-
warrant in coming to surrender, or shall after his surrender, and |
while protected | |
on producing such protection to the person arresting him and giving him a copy thereof, be immediately discharge6; and if any person shall detain any insolvent after he shall have shown such protection to him, except for so long a time as shall be necessary for obtaining a copy of the same, such person shall forfeit to such insolvent, for his own use, the sum of Fivo Pounds for every day he shall detain such insolvent, to be recovered, with costs, by action in the name of the insolvent. | |
yrosecute his petition until the conclusion of the first sitting under | |
the insolvency; and after such sitting the petitioning creditors' costs shall, unless the Court shall otherwise order, be paid out of the estate of the insolvent in course of priority, to be settled bp rule. |
It shall be no objection to | ||
concerted between the petition, adjudication, or act of insolvency has been concerted or
insolventandcreditor. agreed upon between the insolvent, and any creditor or otherperson.
proceed in the insolvency as if such insolvkut were living. |
|
by him, or any information material to the full disclosure of his
dealings; and the Court may require the insolvent, or his wife: or such person to produce any books, papers, deeds, writings, or other
documents in his or her custody or power; and if the insolvent, | or his wife, or such person so summoned as aforesaid, shall not come |
ment (made known to the Court at thc time of its sitting, and allowed by it), the Court may, | |
bring him or her before the Court for examination. |
before the Court at the time alppointed, having no lawful impedi-
If person keeping out
the Court, that any person to whom any such summons is directed as | |
aforesaid is keeping out of the way and cannot |
equivalent
49' | & 5 8 VICTORIE, No. |
,pivalent to personal service, and in every such case the service of | |
summons: in plmuancc of such ordcr, shdl be of the same force and effect as if the party to whom such summons was directed had been personally scr r ed therewith. |
service of summons |
Court that any insolvent is keeping out of the way, and cannot be Court | |
prsonally served with a summons, and that due pains have been t&cn to effect such personal service, or that there is probablc cause for believing that he is about to qnit the said province, or to remove or conceal any of his goods the Court may, by warrant, authorise any messenger or other person to apprehend and arrest such insol- vent, and bring him before the Court for examination. |
bcfore thc Court upon any warrant ss aforesaid, or if any pexson |
be present at any sitting of the Court, the Court may examine such person upon oath, either by word of mouth or by itlterrogatories in writing, concerning the person, trade, dealings, or estate of any insolvent, or concerning any act or acts of insolvency by any insol- vent committed or supposed to be committed, and reduce into writing the answers of every such person, and such person shall
sign such answers.
insolvent appre- |
shall. within thc time allowed for him to surrender, submit to be | ~ | & | ~ | d | ~ | ~ | m | a | ~ |
examined, and in all things conform, he shall have the same benefit | |||||||||
as if he had voluntarily surrendered. |
118. Thc Court may from time to time, one z parte application,co,,,t may order in-order that, for a period of not cxceediilg three months from the; $ ? ~ ~ ~ ~ ~ ~ ~, " ~ ~ ~ $
date of anv such order, all post letters directed or addressed to any Receiver or Trustee.
insolvent &all be redkectgd, readdressed, sent or delivered by the Postmaster-General, or the officers acting under him, to the Official
Postmaster-General or any officer served with such order shall obey Receiver, trustee, or other person named in such order, and the | the same. |
119, The Official Receiver, if the Court shall so ordcr, may, OfficialReccivermay
befbre the first sitting under the insolvency, sell or otherwise dispose fi~p""~" | pro- |
of any property of an insolvent which shall be of a perishamble nature, or the holding possession whereof until such sitting would, in the opinion of the Court, be prejudicial to the insolvent's estate, but shall not interfere after the appointment of |
120. The following provisions shall be observed with regard tov0 tbg .t public;
the voting of creditors at every public sitting under an insolvency: | B'tthg~. |
I.
A creditor shall not vote unless he shall have proved or shall at such sitting of the Court ?rove a debt due to him from the insolvent:11. A
49' & 50' VICTORIE, No. |
18 | . |
By the Court.
No. 41.
Warrant to Release Jmprisoned Debtor.
day of | 18 | . |
In the matter of a deed made in pursuance of Part | of " The Insolvent Act, |
1886," by | of | dated the | day of | 18 | . |
Whereas thc above-mentioned | has executed a deed in pursuance of |
Part
XI. of "The lnsolvent Act, 1886,"and has foundsufficient suretyasbylawrequired: These are to require and authorise you to discharge the said out of your custody at the suit of whomsoever he may be detained by you inpi san for debt or damages, or upon any attachment or order, or commitment for or respecting the non-payment of money, or for contempt of Court i f the said mightbe discharged from such imprisonment upon payment of money, and for so doing
this shall be your sufficient warrant.
Ry the Court,
To the keeper of W.M. Gaol, at
No. 42.
Certificate of clue Esecution and Validity of Deed of Assignment.
the | day of |
18
In the matter of'a Deed made in pursuance of Part XI,, of | The Insolvent Act, 1886," |
by | of | , dated the | day of | , | . |
Upon the application of | the trustee of the above- |
mentioned deed, (or of the above-mentioned | find that the above-mentioned deed was duly made and executed under the provisions |
of Part the said Act affecting the validity of the said deed have been complied with. |
By the Court.
49" &
50' VICTORIE, No.385.
The Insolvent Act.-18%.
No. 43.
Accotcnt of Estate to be furnished to O$cial Receiver, by Trustee, within one motrth
after demand [Section284, subsectionX], and Account to be published by
LSection |
- |
SECOND
49' & | VICTORIA2, No. |
y- SRCOND SCHEDULE.
RULES.
1. The Seal of the Court of Insolvency shall bcar the words " Court of Insolvency, south Australia." | The Seal of every Local Court of Insolvency shail bear the name |
of such Court. | The Seal of every Court shall be kept by the ltegistrar. |
2. Every declaration of insolwncy shall be filed in duplicate; and the party a twhose installcc an adjudication is applied for, or his solicitor or agent shall bring to the
Court one copy of the adjudication to be signed by the Commissioner
filcd with the
and | requiring to be served. |
3. A11 proceedings to be filed shall be fairly mritten or printed, or partly writtenand partly printed on one side of a sheet or shcets of paper, and shall be of a size
denoted by a pattern to bc lrcpt for that purpose at the office of the Official Receiver.
4. All notices of opposition to any insolvent shall be entered in a book (which the oficial Receiver is required to keep) to be called the " Opposition Book," and shall be signed by the opposing creditor, his solicitor, or agent, three clear days, exclusive
of Sunday, before any hitting, or adjourned sitting, for the last examination of the
insolvent
of | the r ~ s ~ o c t i v e | sittings for the first ancl last cuamination of any insolvent, and a11 |
or resiilence of such creditors, or of their agents, if such creditors reside out of the
colony; and where the residences of creditors are out of the said province, and no
agents are known, then by adrertisenrent in the Government Gazette.
6. Subject to the provisions of section 312 of the Act, the petitioning creditor's
costs shall bc paid out of the first proceeds of tllc insolvent's estate, after payment
of the Court fees and Messenger's fces.
7. Thc schedule shall, as near as circumstances will admit, be in a form from time to time to be prescribed by thc Commissioner, and to be kept in the office of the Official Receiver for the guidance of all persons interested.
8. After dividends shall be ordered by the Court, the same shall be paid by the OWrial Receiver to the creditors proring, or to their personal representatives, or agents, lawfully authorised, on production of every security mentioned in the proofs of debts. In cass uf the loss or non-production of the securities, the dividends may
be paid on such indemnity as the Con~missioner | shall, by order to bc filed with the |
proceedings, direct. |
9. Rvcry notice given by n legal mortgagee under section 139 of the Act shall state the datc ancl registration reference,
if any, of the mortgage, and the considera- tion therefor, and the place in Adelaide where the mortgage, and all other documents relating thercto, may be ~nspected a t any timc during the currency of the notice betwen the hours of ten in the forenoon and noon.
10. 15very notice givcn by an equitablc mortgagee under section 139 of the |
shall state the consideration for the mortgage, and the particulars thereof, with
dates, the clesc~iptic~n of the propelty mortgaged, and particulars of the deeds and document deposited, and whether the deposit was accompanied by a written memo- ratlclurn or other document, and if so, the date and particulars thereof, and the place in Adelaide where such
clecds, documents, and inemorandurn of deposit, if any, may be inspccted at any time during the currency of the notice, between the hours of ten in the fhrenoon and noon.11. In case of any notice under either of the two last preceding rules not con-
taining the required particulars, the mortgagee, or person claiming to be so, shall
Pay the costs of any investigation of his claim by the trustee.
12. I n case of an appeal to the Supreme Court against any order, determination,
or direction of any Court or Commissioner, thc same shall be entered with thein a book to be kept for that purpose, and shall be by notice signed by
the appellant or his solicitor.
the |
Sutreme Court, all the proceedings and evidcnee in the matter of the insolvency in
'vhlch s ~ c h Within sel-en clays after the entry of such appeal, the appellant shall cause | appeal has arisen. |
the same to be set down for hearing, and such appeal shall be duly prosecuted
according to the procedure of the said Supreme Court.
security by bond to the Treasurer of the |
province, with two sureties, to be approved by the Commissioner, in the penal sum
of 61,000, for the due performance of the dutiesof his office,and for properlyaccounting
No.
-
The Insolvent Act.-1886. accounting for all moneys and property that shall come to his hands; and the messenger shall similarly give security by bond with two sureties, to be approved
by
the Official Receiver, to the Official Receiver, in the penal sum of |
16. The Official Receiver shall, on the first day of Janudry in every year. or within a week thereafter, make a declaration in writing before the Commissioner, to be preserved and filed in the office of the Court, that the sureties of the Official Receiver are, to the best of his belief, alive and solvent; and shall in such declaration state to the best of his knowledge and bclicf any change of residence of his sureties, or either of them.
17. The Official Iteceiver shall givc immediate notice in writing to the Com.missioner of the death
ur insolvency of his siireties, or either of them; and shall thereupon, and a t any other timc, if required by the Commissioner, give fresh srcurity as aforesaid. to be approved by tile Clommiusioner.18. No money8 shall be withdrawn from the banking account of the Official Receiver, or paid by him, esrept by cheques countersigned by the Commissioner or
a Judge of the Supreme Court.
19. No transfer shall be made in the books of the Official Receiver from one account to another, except under the written authority of the Commissioner or
a Judge of the Supreme Court.
thc Commissioner or a J u d g ~ | of thc Suprcme Court. |
21. The Official Receiver shall lrec;) the Cnclaimed Ilividend Fund in a separate account with some bank in Adelaide, to be approved of by the Commissioner or
a Judge of the Supreme Court, and &all also obtain and keep a separate bank pass- book for the same.
22. Except in cases provided for in the next succeeding Rule, the Official Receiver shall keep a yeparate account for each insolvent cstatc in some bank in Adelaidc approved of by the Commissioncr or a Judge of the Supreme Court, and shall also obtain and keep a separate bank pass-book for each insolvent estate.
23. The last preceding rule shall not apply to any insolvent cstate when and so longas the amount to credit of such cstate shall be less than230 ; and may, under the written authority of the Commissioner or a. Judge of the Supreme Court, be dispensed with in any particular estatc although the amount to the credit of such estate may exceed&30. 24. Every bill of costs charges fees and disbursements of any solicitor, or attorney, or measenger, under any adjudication of insolvency incurred prior to any sitting for an audit, shall be delivered to the Registrar for taxation five days at least before the day appointed for such sitting; and in defzult thereof, if such sitting shall be acljournvd by reason of such default, such solicitor, or attorney, or messenger shall pay the costs occasioncd
by the adjournment, and the amount thereof shall be deducted from the amount of such bill, alid no money shall be paid to any solicitor, attorney, or messcnger on account of any costs, charges, fees, or disbursements, untilsuch bill shall hare been tasetl. No opposing creditor, except he be the trustee, shall be entitled to any costs out of the estate of any insolvent.
26. The Official Receiver shall, before any audit, enter in a book the names of allthe debtors to the insolvent's estatc as returned in his balance-sheet, and shall enter the reaeons
why any debts are not paid on the opposite page; and shall also keep a property-look, in which shall be entered in a clear manner the nature and description of all the property (save debts) belonging to each insolvent's estate, and the estimated value thereof, the amount (if any) realised by the sale and disposal of thesame, and the reasons (if any) why the same are not sold and disposed of, and such books shall be produced to the Court at every audit.
27. The audit account of the trustee shall be made out in duplicate in the orclirW' formof a debtor and crcditor account, each item thereof being cntered according to its date, and a name, date, and proper explanation given to each item. One duplicate of such account shall be laid by the Official Receiver bcfore thc Corn- missioner three days at least prior to the day appointed for auditing such account, subject to the power of the Commissioner to require an account, digested under proper heads, t o he annexed to the audit account, should he think proper-andthe other duplicate of such acconnt shall forthwith after its preparation be filed with theproceedings in the particular estate, and be a t all times open for inspection and
perusal.
28. At
VICTORIE, | No. |
The Insolvent Act.-1886.
28. At el-ery audit meeting the Official Reccivcr shall lxodure his books, accounts, vouchers, and all other writings and papers connected with his receipts and p p e n t s on account of the estate under audit, and the same silall be carefulIy exau;ined and compared with the audit account, and thc cause of any moneys remailling uncollected shall be t~scertained, and a minute thereof made and filed with the proceedings; and all persons appearing to be indebted to the insolvent's estate may be forthwith summoned and examined in that behalf upon oa th; and the
so taken shall be filed with the proceedings, and such directions maybe given by the Cour-t as to any further proceeding thereupon as to the Court shall
seen1 fit.. |
29. The full and proper audit of the accourits in. each estate shall be minuted by the Con~missioner | in the form in the Schedule hereto marlied |
filed with the proceedings.
30. All the pr~ceedings | relating to and held under every adjudication or petition |
for adjudication of insolvency, together with all books, papers, writings, and accounts relating to the estate and effects of eJrery insolvent, shall be open, without charge, for inspection and perusal, a t all reasonable times by the insolvent or person petitioned against, and his solicitor, and by every creditor of such insolvent or pcmon,
and the solicitor of such creditor.31. All office copies shall, except as to figures, bc fairly written at length, and delivered out without any unnecessary dclay, and in the order in which they shall hare been bespoken.
S ~ H E ~ I T L E |
the | day of | , 18 | . |
In the matter of | 3 of | , an insolvent. |
Memorandum that I, | , Esquire, Commissioner of the Court of Insolvency |
Magistritte of tbc Local Court of
Goaernvient Gnretle, to audit the nccounts of the above-named insolvent's estate and effects. | 1, hat this day, pursuant to notice in the |
, | the trustee of the said insolvent's estate, and | . | the |
Official Receivcr
[or Clerk of the said Imal Court], delivered upon oath the accounts respertivelymaiked and , heremto ~ n r ~ e x c d, as full, true, and p f e c t itccounts of all moncvs received by them respectively nnrlcr ttio :hove insolvency, and wlrcn and upon what account, and how and when the same have been expended: And I,, having examined the said accounts, and compared the receipts with the payulcnts, do find that thelei s now the sum of
in the hands of the | to the credit of the said estate |
THIRD SCHXDULE.
This Deed, maclc the | day of | , 18 | , | in pu r s~~ancc | of | Part |
"Insolvent Act, 1886," Setwcen | of | , | in the provincc of South |
Australia, | of the one part. and | of | , | in |
the said province | , of the othw part, Tl'itnesscth that the said |
cloth hereby convey and assign all his real and personal e-t ate to |
the said | , his heirs, executors, administr:ltor?, and assigns upon trust |
for the benefit of the creditors of the said | , | the trustee's |
remnneration to be £ | p n centuin on the amount tlivisiblc amongst the creditors. |
In witness
whrxc.of thc said parties to thesc presents have hereunto set their hands
and seal tllc day and year first befort,-written.
Signed, sealed, ancl delivered by the said
this | day of | ) |
18 , in the presence of the undersigned,a
Signed, sealed, and delivered by the said
this | day of |
18, in the prcsence of the undersigned, | |
a | \ |
This Deed made the | day of | , one thousand eight |
n~ndred | and eighty | , | in pursuance of Part | of | The Insolvent Act, 1886," |
bewteen | of | , | in the province ~f South Australia |
of the one px t, and | a | , | in the said province |
49' 8r 50" VICTORILE, No.385
The lizsolvent Act.-1886.province of' thc other part: Witnesseth, that in consideration of (ne release hereinafter contained, the said [n~si.~?yllor dotli by these presents grant alld assign unto the said
[ i ru~tee] his heirs, executors, administrators, and assigns, who and every other trustee or trustees for the tirnc being hereof are hereinafter called" the said trustee," a11 the real and personal property and estate, of which the said
[assigaor] is possessed, or of which any person or persons in trust fur him is or are possessed, or to which he or any such person or persons is or are entitled legally or equitably in possession, reversion, remainder, or espcctancy, and which are more particularly described, so far as t he said [assignor] i.; able to set forth the same, in
the First Schedule hereto annexed, exccpt such articles of household furniture and
wearing apparel of the said [assignor] and his family, and other like necessaries, not exceeding in the whole the ~ a l u e of Thirty Pounds, as are mentioned as excepted articles in the declaration hereunto annexed, to the intent that the real and pcrsonal property and estate hereinbefore grantcd and assigned shall be held by the said trustee by virtue hereof and subject to the provisions of Part
XI. of "The Insolvent Act, 18b6," with respect to assignments without ineolvency: And to the further intent that the said [assignor] shall be and he is hereby released from all debts and liabilities which, under the said Act. would have been urovabl~ under his insolvencvhad he been adjudicated insolvent on the day of the daie of thew plesents:
is hereby declared and agreed that in addition to and without any revocation, | And |
limitation, or rcst~iction | whatsoever of the powers and authorities conferred upon tho |
said trustee bv virtue of the said Irisolvent Act. 1836. i t shall and nlav be lawful for the said trust&, when and as to him shall seem best, t o sol1 and dispo*se of the said estate and premises hereby conveyed and assigned, or intended so to be, to any person or persons whomsoever, either by public auction or private contract, or by both such methods. and either tonether or in lots. as ro the said trustee shall seem " most adcantageous, and subject to any special or other conditions, and in such manner in all respects as the said trustee may think proper, with full power to buy in or to rescind any contract for sale, and to re-sell without being respnsi'ule for
any loss occasioned thercby, and to do, make, sign, clxecute, and deliver any act,thing,deetl, orinstrument whatsoever that maybe iieccssary fur complctinjiany suchsale or contract,and for vesting the property sold in the purchaser or purchasers respectil-ely. And it is declared that the receipt or receipts of thc said trubtee for the property sold, or any part thereof, shall effectually discharge the puichascr or purchasers yaying the same therefrom and from being concerned as to the disposition or application thereof in any way whatsoever, And it shall also be lawful for the said trustee, as soon as conveniently may be, to collect, get in, and rcceivo all outstanding debts and sums of money whatsoever, and to make, h i p, and g i ~ e all necessary ~ece ip ts and clischarges for all monies paid to him by any peisnn or persons
m hatsower; and tn pay all costs, charges, and expenses ol'thc said I ussignor], and of the said trustec of and preparatory and incidentaltothemaking,prepnration,;tntl cornpleticrri of thew presents, and all other costs, charges, and cvpcnses touching, rclating to, or conceining the esecution of the powers contained in these presents or conferred by the said Insol\ent Act. 1886,
or otherwise: | And it shall also be lawful for the said trustee to retain for his own |
remuneration a commission of hands, applicable for division amongst the crcditois: and after full pajment of all per centum upon the amount in hi? | such charges, expenses, ant1 comnlission as aforesaid, the said trustee shall apply and | |
appoition the residue of the moneys arising fiom the sale, dispodion, and getting in of the said premises he~einbcfore respccti\ely cunvoj ed and assigncd, and other the moncys coming to his hands hereunder in manner directcd in thc said YL1rt | ||
| ||
from the sale and getting in of the estate hereby conveyed and assigncd sliall be more than sufficient to satisfy the sc\cral debts and liabilities of the said [as.s~qizor |
|
. | of the trusts hercof or payable hereunder, the said trustee shall pay the surplus, if any, unto the said [assignor], his exwutors, administrators, or assigns. |
I n witness whereof the said parties to these presents have hcreuato sct their hands and seals the day and p a r first before wr~tten.
Signed, sealed, and delivered by the said
the | day of | , | , i n ] |
the presence of | the u~dersigned |
Signed, sealed, and delivered by the said
the | day of | , 18 | , i n \ |
the presence of the undersigned
A FOURTH
VICTORIB, No. | , |
/
FOURTH SCIIEDULE.
~ ~ ~ ~ ~ ~ t i n g | warrant of seizure of goods, including in~entory | and report, |
where the same do not exceed five folios of seventy-two words. .....
For every additional folio | ........................................ |
Allowancc to man in possession, per day. | ........................... |
stllTice | of duplicate of adjudication | ................................ |
On every arrest, in Court, of an insolvent or other person committed. con-
veying him to gaol | ......................................... |
For the arrest of any person out of Court | .......................... |
For conveying the last-mentioned persons arrested to gaol, such reasonable travelling and other expenses of the person arrested as paid, and
as may be allowed by the Court, in addition to mileage.Sen.ice
v£ warrant on gaoler to release imprisoned insolrent at the suit ofthe detaining creditor, and of warrant of detainer at the suit of the
Official Assignee.. | .......................................... |
Ser\ice of any other warrant or process on gaoler | .................... |
Executing wcry search warrant | .................................. |
Service of any summons or other process not specially provided for. .....
]hecution of warrant or order not hereinbefore specified | .............. |
For every mile beyond one mile and within eight miles from the Court,
tral eiling in the se r~ ice or execution of any process of the Court, each
way ......................................................
Beyond eight miles from thc Court, such reasonable allowance as the
Court or Registrar shall make.
Commission on selling, not exceeding, per centum (including auctioneer's
charges) ..................................................
FIFTH SCHEDULE.
COUHT | 'Fees. |
Filing every declaration of insolvency ..............................
Advertising ....................................... | .(same as paid) |
IJiling every petition ............................................
Order of Court for extending time for adjudication | .................. |
Hearing fee, if no adjudication made .............................. Adjudication of insolvency on the petitior. of a creditor, including order
for reversal (if any), ad~ert is ing meetings for choice of trustee,
hearing on last examination, and adjourned hearings. | ............. |
| ||||
l h c like, if made on the petition or application of an imprisoned debtor. . For every warrant for seizure of goods. ............................ | ||||
| ||||
Order for discharge. ............................................. Every other order except the payment of wages. ..................... For every audit and dividend meeting, each. ..............,.......... For every hearing for special purposes, not at the instance of t'he insolvent, |
and not requiring advertisin9 ................................
For every likc hearing, requiring advelti~ing, | inclliding cost of advertise- |
ments | .................................................... |
For ewry summons to the insolvent or other person ..................
For everr warrant for the apprchonsion of the insolvent or other person..
everS warrant of commitment. ................................
On the gross amount received on each estate up to the first£100, percent .......................................................
2 10 0 For
49' &
50' VICTORIrE, No. 385-
For every further sum up to | ........................ |
For every | ............................. |
Fox every office copy of any document not exceeding
five folios of seventy-twowords ..............................................
And for every additional folio | .................................... |
Taxing costs | ................................................. |
For every certificate to an insolvent under I'art | .. .. .. .. .. .. .. .. |
Filing every copy deed of assignment | ............................. |
Filing every document (except orders of the Court, proofs, or declaration
of debt) | .................................................. |
Certificate of validity of deed of assignment | ........................ |
Every search .................................................. For preparing schedule, two and a half per centum on every estate up to
$500, and one per centum for every additional $100.
For every private meeting | ........................................ |
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