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BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - LONG TITLE An Act for the Amendment of the Law of Bankruptcy in Ireland.{1} [6th August 1872] Preamble rep. by SLR 1893 (No.2) Construction of Act with 1857 c.60, and short title. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 1 1. This Act shall be construed together with so much of the Irish Bankrupt and Insolvent Act, 1857, as is not hereby altered or repealed, as one Act, and may be cited for all purposes as "The Bankruptcy (Ireland) Amendment Act, 1872." BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 2 Limits of Act. 2. This Act shall not, except in so far as same is expressly provided, apply to England or Scotland. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 3 Commencement of Act. 3. This Act shall come into operation on the first day of January one thousand eight hundred and seventy-three, which date is herein-after referred to as "the commencement of this Act." BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 4 Interpretation of terms. 4. In this Act, if not inconsistent with the context, the following terms shall have the meanings herein-after respectively assigned to them; that is to say, ["The Court" shall mean the High Court of Justice in Northern Ireland]: ["The Department" means the Department of Commerce for Northern Ireland; "Prescribed" shall mean prescribed by [rules of court to be made as in this Act provided] [bankruptcy rules]: "Arranging debtor" shall mean a person who has presented a petition for arrangement with his creditors, under the provisions of the Irish Bankrupt and Insolvent Act, 1857, as amended by this Act: "The said Act" shall mean the Irish Bankrupt and Insolvent Act, 1857: Definition rep. by SLR 1976 "Secured creditor" shall mean any creditor holding any mortgage, charge, or lien on the debtor's estate, or any part thereof, as security for a debt due to him. Ss.519 rep. by SLR 1883; SLR 1893 (No.2); 1897 c.66 s.16 sch.; SLR 1898; SLR 1976; 1978 c.23 s.122(2) sch.7 Pt.I; 1980 NI4 art.44(2)(b) sch.3 BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 20 Debt of petitioning creditor. 20. A single creditor, or two or more creditors, if the debt due to such single creditor or the aggregate amount of debts due to such several creditors from any debtor amount to a sum of not less than [#200], may present a petition to the Court, praying that the debtor be adjudged a bankrupt. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 21 Acts of bankruptcy. 21. The following acts or defaults shall be herein-after deemed to be and included under the expression "acts of bankruptcy": (1)That the debtor has, in Ireland, or elsewhere, made a conveyance or assignment of his property to a trustee or trustees for the benefit of his creditors generally: (2)That the debtor has, in Ireland, or elsewhere, made a fraudulent conveyance, gift, delivery, or transfer of his property or of any part thereof: (3)That the debtor has, with intent to defeat or delay his creditors, done any of the following things, namely, departed out of [Northern Ireland]; or being out of [Northern Ireland] remained out of [Northern Ireland]; or... departed from his dwelling-house or otherwise absented himself; or begun to keep house;...: (e)(4)That the debtor has filed in the Court a declaration of his inability to pay his debts or has presented a bankruptcy petition against himself:] [(5)That the goods of the debtor have been seized pursuant to an order of seizure made under [the Judgments Enforcement (Northern Ireland) Order 1981] and have been sold or held by the Enforcement of Judgments Office for a period of twenty-one days, so however that, where such an order has been stayed by that Office or an application is made under [Article 44 of that Order] in relation to the goods seized, then the said period shall be calculated without regard to the time elapsing between the date of the making of such application and the date on which the proceedings thereon are settled, abandoned or otherwise finally disposed of: (5A)That a certificate of unenforceability has been granted in respect of a judgment against the debtor under [Article 19 of the Judgments Enforcement (Northern Ireland) Order 1981:]] (6)That the creditor presenting the petition has served in the prescribed manner on a debtor's summons requiring a debtor to pay a sum due, of an amount of not less than [#200], and the debtor [has for the space of 10 days] succeeding the service of such summons, neglected to pay such sum, or to secure or compound for the same: (7)That the debtor has filed a petition for arrangement with his creditors under the provisions of the said Act as amended by this Act, and that such petition has been dismissed: [(8)That in Northern Ireland or elsewhere the debtor makes any conveyance or transfer of his property or any part thereof, or creates any charge thereon, which would under this or any other Act be void as a fraudulent preference if he were adjudged bankrupt:] [(9)That, the debtor being a solicitor, the Incorporated Law Society of Northern Ireland have been appointed his attorney by virtue of Part III of the Solicitors (Northern Ireland) Order 1976.] The debt of the petitioning creditor must be a liquidated sum, and must not be a secured debt, unless the petitioner state in his petition that he will be ready to give up such security for the benefit of the creditors in the event of the debtor being adjudicated a bankrupt, or unless the petitioner is willing to give an estimate of the value of his security, in which latter case he may be admitted as a petitioning creditor to the extent of the balance of the debt due to him after deducting the value so estimated,.... Every person who has given credit to any debtor upon valuable consideration for any sum payable at a certain time, which time shall not have arrived when such debtor committed an act of bankruptcy, may, subject to the provisions of the preceding clause, petition or join in petitioning for adjudication against such debtor. Ss.22, 23 rep. by 1980 NI4 art.44(2)(b) sch.3. Ss.2427 rep. by SLR (NI) 1954. Ss.28, 29 rep. by 1980 NI4 art.44(2)(b) sch.3 BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 30 Proceedings in relation to a debtor's summons. 30. A debtor's summons may be granted by the Court on a creditor proving to its satisfaction that a debt of [#200] or upwards is due to him from the person against whom the summons is sought, and that the creditor has failed to obtain payment of his debt, after using reasonable efforts to do so. The summons shall be in the prescribed form. It shall state that in the event of the debtor failing to pay the sum specified in the summons, or to secure or compound for the same to the satisfaction of the creditor, such default will be deemed to be an act of bankruptcy. The summons shall have an endorsement thereon to the like effect, or such other prescribed endorsement as may be best calculated to indicate to the debtor the nature of the document served upon him, and the consequences of inattention to the requisitions therein made. Any debtor served with a debtor's summons may apply to the Court, in the prescribed manner and within the prescribed time, to dismiss such summons, on the ground that he is not indebted to the creditor serving such summons, or that he is not indebted to such amount as will justify such creditor in obtaining a debtor's summons against him; and the Court may dismiss the summons, with or without costs, if satisfied with the allegations made by the debtor, or it may, upon such security (if any) being given as the Court may require for payment to the creditor of the debt alleged by him to be due, and the costs of establishing such debt, stay all proceedings on the summons for such time as will be required for the trial of the question relating to such debt; and such trial shall be had either before the Court or before any other court of competent jurisdiction. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 31 Partnerships, &c. registered not to be adjudged bankrupt. 31. A partnership, association, or company corporate, registered under the Companies Act, 1862, shall not be adjudged bankrupt under the said Act or this Act. Ss.3239 rep. by SLR 1898 Privilege of Parliament not to prevent adjudication in bankruptcy. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 40 40. If a person having privilege of Parliament commits an act of bankruptcy he may be dealt with under this Act in like manner as if he had not such privilege. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 41 Vacating of seat in House of Commons. 41. If a person, being a member of the Commons House of Parliament, is adjudged bankrupt, he shall be and remain during one year from the date of the order of adjudication incapable of sitting and voting in that House, unless within that time either the order is annulled, or the creditors who prove debts under the bankruptcy are fully paid or satisfied. Provided that such debts (if any) as are disputed by the bankrupt shall be considered, for the purpose of this section, as paid or satisfied if within the time aforesaid he enters into a bond, in such sum and with such sureties as the Court approves, to pay the amount to be recovered in any proceeding for the recovery of or concerning such debts, together with any costs to be given in such proceedings. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 42 Certificate of bankruptcy to be given by the Court to the Speaker. 42. If within the time aforesaid the order of adjudication is not annulled, and the debts of the bankrupt are not fully paid or satisfied as aforesaid, then the Court shall, immediately after the expiration of that time, certify the same to the Speaker of the House of Commons, and thereupon the seat of such member shall be vacant. Ss.43, 44 rep. by 1975 c.66 s.5 sch.2 Proof for debts payable by instalments. [ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 45 45. If any bankrupt or arranging debtor shall have contracted before the filing of a petition against or by him any debt payable by way of instalments, the creditor may prove for the amount of such instalments remaining unpaid at the time of such petition.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 46 Proof in respect of unliquidated damages. 46. If any bankrupt, at the time of adjudication, or any arranging debtor at the time of the presentation of his petition, shall be liable by reason of any contract or promise, either express or implied, to a demand in the nature of damages, which have not been and cannot be otherwise liquidated or ascertained, it shall be lawful for the Court to direct such damages to be assessed by a jury, either before itself or in a court of law, and to give all necessary directions for such purpose, and the amount of damage, when assessed, shall be provable as if a debt due at the time of the bankruptcy or the arrangement: Provided, that in case all necessary parties agree, the Court shall have power to assess such damages without the intervention of a jury or a reference to a court of law.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 47 Proof for premiums upon policies of insurance. 47. If any bankrupt, at the time of adjudication, or any arranging debtor, at the time of the presentation of his petition, be liable, by reason of any contract or promise, to pay premiums on any policy of insurance, or any other sums of money, whether yearly or otherwise, or to repay to or indemnify any person against any such payments, the person entitled to the benefit of such contract or promise may, if he think fit, apply to the Court to set a value upon his interest under such contract or promise, and the Court is hereby required to ascertain the value thereof, and to admit such person to prove the amount so ascertained, and to receive dividends thereon.] BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 48 Proof in respect of distinct contracts. 48. If any bankrupt, at the time of adjudication, or any arranging debtor, at the time of the presentation of his petition, is liable in respect of distinct contracts, as member of two or more distinct firms, or as a sole contractor, and also as member of a firm, the circumstance that such firms are, in whole or in part, composed of the same individuals, or that the sole contractor is also one of the joint contractors, shall not prevent proof in respect of such contracts against the properties respectively liable upon such contracts. S.49 rep. by 1933 c.7 (NI) s.3 sch. Dispositions of estates tail under bankruptcies. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 50 50. The powers and authorities conferred upon Commissioners of Bankruptcy by such of the clauses of the Fines and Recoveries (Ireland) Act, 1834, as were by the three hundred and fortieth section of the said Act extended and made applicable to proceedings in bankruptcy under a petition of bankruptcy, [shall be vested in the Court]. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 51 Avoidance of fraudulent preferences. 51. When a bankrupt is in receipt of a salary or income, other than is mentioned in the three hundred and nineteenth section of the said Act, the Court may, from time to time, make such order as it thinks just for the payment of such salary or income, or of any part thereof, to the official assignee or the trustee, to be applied by him in such manner as the Court shall direct; and thereupon such portion of such salary or income as shall be specified in such order shall be paid to such official assignee, until the Court shall make order to the contrary. S.52 rep. by 1929 c.1 (NI) (20 Geo.5) s.29 sch.2 and replaced by s.12 of that Act BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 53 Transactions protected by 1857 c.60 to remain valid. 53. Every conveyance or transfer of property, or charge thereon made, every payment made, every obligation incurred, and every judicial proceeding taken or suffered by any person unable to pay his debts as they become due from his own moneys in favour of any creditor, or any person in trust for any creditor, [with a view of giving such creditor, or any surety or guarantor for the debt due to such creditor, a preference over the other creditors] shall, if the person making, taking, paying, or suffering the same... become bankrupt within [six] months after the date of making, taking, paying, or suffering the same, be deemed fraudulent and void as against the assignees or trustee of such bankrupt appointed under the said Act or this Act; but this section shall not affect the rights of a purchaser, payee, or incumbrancer in good faith and for valuable consideration. S.54 rep. by 1969 c.30 (NI) s.132 sch.6 BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 55 Certificate of conformity. 55. Subject and without prejudice to ... the provisions of this Act, avoiding certain settlements, and avoiding, on the ground of their constituting fradulent preferences, certain conveyances, charges, and judicial proceedings, the several transactions by and in relation to the property of a bankrupt which are protected by the said Act, shall be valid notwithstanding any prior act of bankruptcy. 1872 c.57 [ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 56 56. When a bankrupt has passed his final examination in a bankruptcy heard before the Court under the provisions of the said Act as amended by this Act, or when a bankruptcy wound up by a trustee and a committee of inspection as herein-after provided has closed, or at any time during its continuance with the assent of the creditors testified by a special resolution, the bankrupt may apply to the Court for a certificate of conformity; but such certificate shall not be granted unless it is proved to the Court that one of the following conditions has been fulfilled: (1)In a bankruptcy heard before the Court under the provisions of the said Act as amended by this Act, that a dividend of not less than [50p] in the pound has been paid out of his property, or that his bankruptcy or the failure to pay [50p] in the pound has in the opinion of the Court arisen from circumstances for which the bankrupt cannot justly be held responsible. (2)In a bankruptcy wound up by a trustee and a committee of inspection, either that a dividend of not less than [50p] in the pound has been paid out of his property, or might have been paid except through the negligence or fraud of the trustee, or that a special resolution of his creditors has been passed to the effect that his bankruptcy or the failure to pay [50p] in the pound has in their opinion arisen from circumstances for which the bankrupt cannot be held responsible, and that they desire that a certificate should be granted to him. The Court may suspend for such time as it deems to be just, or withhold altogether, the certificate in the circumstances following: (1)If a prosecution has been commenced against the bankrupt in pursuance of the provisions relating to the punishment of fraudulent debtors contained in the Debtors Act (Ireland), 1872, in respect of any offence alleged to have been committed by him against the last-mentioned Act: (2)If in the case of a bankruptcy heard before the Court under the provisions of the said Act as amended by this Act, the Court is of opinion that the bankrupt has not made a full disclosure and discovery of his estate and effects or has made default in giving up to his creditors the property which he is required by the said Act or this Act to give up: (3)If in the case of a bankruptcy wound up by a trustee and a committee of inspection, it appears to the Court on the representation of the creditors made by special resolution, of the truth of which representation the Court is satisfied, or by other sufficient evidence that the bankrupt has not made a full disclosure and discovery of his estate and effects, or has made default in giving up to his creditors the property which he is required by the said Act or this Act to give up.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 57 Effect of certificate. 57. The certificate of conformity shall be in writing under the seal of the Court,..., and shall certify that the bankrupt has made a full discovery of his estate and effects, and in all things conformed, and that so far as the Court can judge there does not appear any reason to question the truth or fulness of such discovery;..., and notice of the allowance of such certificate shall be advertised in the [Belfast Gazette] in such manner as may be [directed by rules of court.]][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 58 Exception of joint debtors. 58. The certificate of conformity shall not release the bankrupt from any debt or liability incurred by means of any fraud or breach of trust, nor from any debt or liability whereof he has obtained forbearance by any fraud, but it shall release the bankrupt from all other debts provable under the bankruptcy, with the exception of (1)Debts due to the Crown: (2)Debts with which the bankrupt stands charged at the suit of the Crown, or of any person for any offence against a statute relating to any branch of the public revenue, or at the suit of the sheriff or other public officer on a bail bond entered into for the appearance of any person prosecuted for any such offence: And he shall not be discharged from such excepted debts unless the Treasury certify in writing their consent to his being discharged therefrom. A certificate of conformity shall be sufficient evidence of the bankruptcy and of the validity of the proceedings thereon, and, in any proceedings that may be instituted against a bankrupt who has obtained a certificate in respect of any debt from which he is released by such certificate, the bankrupt may plead that the cause of action accrued before he became bankrupt, and may give this Act and the special matter in evidence.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 59 Status of uncertificated bankrupt. 59. The certificate of conformity shall not release any person who at the date of the adjudication was a partner with the bankrupt, or was jointly bound, or had made any joint contract with him.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 60 Composition after bankruptcy. 60. When a person who has been made a bankrupt has not obtained his certificate, then from and after the passing of the final examination, or the close of the bankruptcy, as the case may be, the following consequences shall ensue: (1)No portion of a debt provable under the bankruptcy shall be enforced against the property of the person so made bankrupt until the expiration of three years from the passing of the final examination or the close of the bankruptcy, as the case may be; and during that time if he pay to his creditors such additional sum as will, with the dividend paid out of his property during the bankruptcy, make up [50p] in the pound, he shall be entitled to a certificate of conformity in the same manner as if a dividend of [50p] in the pound had originally been paid out of his property: (2)At the expiration of a period of three years from the passing of the final examination or the close of the bankruptcy, as the case may be, if the debtor made bankrupt has not obtained a certificate of conformity, any balance remaining unpaid in respect of any debt proved in such bankruptcy (but without interest in the meantime) shall be deemed to be a subsisting debt in the nature of a judgment debt, and subject to the rights of any persons who have become creditors of the debtor since the passing of the final examination or the close of his bankruptcy, as the case may be, may be enforced against any property of the debtor with the sanction of the Court, but to the extent only, and at the time and in the manner directed by the Court, and after giving such notice and doing such acts as may be prescribed in that behalf.] Definition of process. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 61 61. Notwithstanding that the several requirements of the one hundred and forty-ninth and one hundred and fiftieth sections of the said Act with respect to composition after bankruptcy may have been complied with, it shall be lawful for the Court to refuse to annul the adjudication, and to order that the bankruptcy shall continue, if at [the meeting or special sitting mentioned in the said one hundred and forty-ninth section or at any adjournment of the said meeting or special sitting] it shall be shown that the offer of composition made by the bankrupt or his friends is not reasonable and proper to be executed under the control of the Court. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 62 1981 NI 6 62. [In the [Bankruptcy Acts (Northern Ireland) 1857 to 1980], "process" includes an enforcement order within the meaning of [the Judgments Enforcement (Northern Ireland) Order 1981], [for the enforcement of a money judgment within the meaning of [that Order]], a seizure by an enforcement officer made pursuant to [Article 43 of that Order], an order of sequestration made pursuant to [Article 111(1) of that Order] and a debtor's summons issued pursuant to this Act.] BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 63 Certificate in arrangement cases to operate as a certificate of conformity. 63. A secured creditor shall for the purpose of voting at any meeting of creditors in any arrangement or in any composition after bankruptcy under the said Act or this Act, be deemed to be a creditor only in respect of the balance (if any) due to him, after deducting the value of his security; and the amount of such balance shall, until the security be realised, be determined in the prescribed manner. He may, however, at or previously to any such meeting, [surrender] the security, and thereupon he shall rank as a creditor in respect of the whole sum due to him. [If he votes in respect of his whole debt he shall be deemed to have surrendered his security unless the Court on application is satisfied that the omission to value the security has arisen from inadvertence.] BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 64 Re-vesting of property in arrangement cases. 64. So soon as the resolution or agreement made by any arranging debtor under the said Act, as amended by this Act, shall have been carried into effect, and the creditors of such arranging debtor shall have been satisfied according to the tenor thereof, the Court shall give to such arranging debtor a certificate under the seal of the Court...; and such certificate shall thenceforth operate to all intents and purposes as if the same were [a certificate of conformity under a bankruptcy under the said Act as amended by this Act] [an absolute order of discharge from bankruptcy]. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 65 General power of the Court. 65. Whenever it shall appear to the satisfaction of the Court that any trader who has presented a petition for arrangement with his creditors before the passing of this Act, has obtained such certificate as is mentioned in the three hundred and fifty-second section of the said Act, or that any arranging debtor has obtained such certificate as is mentioned in the last preceding section of this Act, and that there remains in the possession of, or vested in, or otherwise subject to the control of the assignees, or any trustees or trustee of such trader or arranging debtor under his arrangement, any part of the estate or effects of such trader or arranging debtor, it shall be lawful for the Court to order that the same shall be vested in the said trader or arranging debtor, his heirs, executors, administrators, or assigns, and such order shall have the effect of vesting the same accordingly. Any order made in pursuance of this section shall for all purposes of any law in force in any part of the United Kingdom, or in any part of the dominions of Her Majesty, requiring registration, enrolment, or recording of conveyances, or assignments of property, be deemed to be a conveyance or assignment of property, and may be registered, enrolled, and recorded accordingly. Power to Court to restrain suits, &c. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 66 66. Subject to the provisions of the said Act and this Act, and in addition to the powers conferred by the said Act, the Court shall have full power to decide all questions of priorities, and all other questions whatsoever, whether of law or fact, arising in any case of bankruptcy or arrangement coming within the cognizance of such Court, or which the Court may deem it expedient or necessary to decide for the purpose of doing complete justice or making a complete distribution of property in any such case; ..., nor shall any appeal lie from its decisions, except in the manner directed by the said Act; and if in any proceeding in bankruptcy or arrangement there arises any question of fact which the parties desire to be tried [with a jury]..., or which the Court thinks ought to be tried [with a jury], the Court may direct such trial to be had,.... S.67 rep. by SLR 1976 BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 68 Execution of warrant. 68. The Court may at any time after the presentation of a petition in bankruptcy against or by a debtor under the said Act as amended by this Act, or at any time after the presentation of a petition for arrangement under the said Act as amended by this Act, restrain further proceedings in any action, suit, or other process against the debtor in respect of any debt provable in bankruptcy or arrangement, or it may allow such proceedings, whether in progress at the time of such presentation respectively or commenced during the continuance of the bankruptcy or arrangement, to proceed upon such terms as to the Court may seem just. The Court may also at any time after the presentation of any such petition appoint a receiver or manager of the property or business of the debtor, or any part thereof, and may direct immediate possession to be taken of such property or business, or any part thereof. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 69 Enforcement of orders of Court. 69. Any warrant issued by the Court under the said Act as amended by this Act, or under this Act, may be directed to and executed by [the messengers of the Court, or any assistant messenger, or] any constable or [any] other fit person therein named, [and it shall not be necessary for such last-named persons to take the oath prescribed for messengers by the said Act]. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 70 Courts in Ireland, &c. to be auxiliary to other courts, &c. 70. Any order made by the Court under the said Act as amended by this Act, or under this Act, shall be enforced in Scotland and England in the Courts having jurisdiction in bankruptcy in such countries respectively, in the same manner in all respects as if such order had been made by the Courts which are hereby required to enforce the same; and in like manner any order made by the Court in Scotland having jurisdiction in bankruptcy shall be enforced in England and Ireland, and any order made by the Court having jurisdiction in bankruptcy in England shall be enforced in Ireland and Scotland, by the Courts respectively having jurisdiction in bankruptcy, in the division of the United Kingdom where the orders made require to be enforced, and in the same manner in all respects as if such order had been made by the Court required to enforce the same in a case of bankruptcy within its own jurisdiction. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 71 Examination of persons in custody. 71. The Court and the Courts having jurisdiction in bankruptcy in England and Scotland, and every British Court elsewhere having jurisdiction in bankruptcy or insolvency, and the officers of such Courts respectively, shall severally act in aid of and be auxiliary to each other in all matters of bankruptcy; and an order of the Court seeking aid, together with a request to another of the said Courts, shall be deemed sufficient to enable the latter Court to exercise, in regard to the matters directed by such order, the like jurisdiction which the Court which made the request, as well as the Court to which the request is made, could exercise in regard to similar matters within their respective jurisdictions. S.72 rep. by 1953 c.18 (NI) s.48 sch.5 BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 73 Corrupt agreements with creditors. 73. The Court shall have power to issue its warrant or order directed to the governor,... of any [prison] wherein any bankrupt, or any person who is known or suspected to have any of the estate of the bankrupt in his possession, or who is supposed to be indebted to the bankrupt, or any person the Court may believe capable of giving information concerning the person, trade, dealings, or estate of the bankrupt, shall be in custody, directing him to bring the bankrupt or any such person as aforesaid before the Court, or such officer thereof, ..., as shall be named in such warrant or order on the day named in such warrant or order for examination; and every such governor,... shall obey such warrant or order. The bankrupt or any such person as aforesaid who shall be so brought up, shall, after his or her examination, be taken back to the [prison] from which he or she was brought up, without any new or further order. S.74 rep. by SLR (NI) 1954. S.75 rep. by 1969 c.30 (NI) s.132 sch.6 BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 76 1980 NI 4 76. If any creditor of a bankrupt or arranging debtor shall obtain or accept any sum of money, or any goods, chattels, or security for money, from a bankrupt or arranging debtor, or from any person, as an inducement for forbearing to oppose or for consenting to the [allowance of the certificate of the bankrupt] [bankrupt's discharge from bankruptcy], or for agreeing to accept any offer of composition made by the bankrupt or his friends, or for assenting to the proposal of the arranging debtor or any modification thereof, every such creditor so offending shall lose for every such offence the treble value of amount of such money, goods, or chattels, or security so obtained or accepted by him, and the same shall be recoverable by the assignees or trustees of the bankruptcy, or by the assignees ... of the arranging debtor, by proceedings in the Court in the prescribed manner, and when recovered shall be deemed part of the estate and effects of the bankrupt or arranging debtor, and shall be divided among the creditors in the bankruptcy or arrangement in proportion to the amount of their debts, notwithstanding that the composition shall have been accepted or the proposal of the arranging debtor assented to; and in the event of there being any surplus after paying in full the debts of the creditors [, with interest as provided by Article 25 of the Bankruptcy Amendment (Northern Ireland) Order 1980,] and the costs and expenses, the same shall be paid into [the "unclaimed dividend account,"] [the Insolvency Account] and the bankrupt or arranging debtor shall not be entitled thereto.[ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 77 Arrest of debtor after service of summons. 77. The Court may at any time, if it shall think fit, order that the official assignees shall be paid out of the interest and profit arising from the unclaimed dividend account, such sum by way of indemnity in respect of any damages, costs, or expenses sustained or incurred, or to be sustained or incurred by them or either of them for or by reason of any act or matter done by them while acting as official assignees as to the Court shall appear just.] When arrest not valid. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 78 78. The Court may by warrant..., cause a debtor to be arrested and safely kept as prescribed, until such time as the Court may order, if, after a debtor's summons has been granted in the manner prescribed by this Act, and before a petition of bankruptcy can be presented against him, it appear to the Court that there is probable reason for believing that he is about to go abroad with a view of avoiding payment of the debt for which such summons has been granted, or of avoiding the presentation of a petition in bankruptcy against him, or of avoiding examination in respect of his affairs, or otherwise avoiding, delaying, or embarrassing proceedings in bankruptcy: Provided always, that nothing herein contained shall be construed to qualify or alter the right of the debtor to apply to the Court in the prescribed manner to dismiss the said summons as in this Act is provided, or to pay, secure, or compound for the said debt within the time by this Act provided, without being deemed to have committed an act of bankruptcy; and provided also, that upon any such payment or composition being made, or such security offered as the Court shall think reasonable, the said debtor shall be discharged out of custody, unless the court shall otherwise order. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 79 Security for debt given after arrest. 79. No arrest shall be valid or protected under this Act unless the debtor before or at the time of his arrest shall be served with the debtor's summons. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 80 Power of Court to summon general meeting to determine if bankrupt's estate is to be wound up by trustee. 80. No payment or composition of a debt made or security for the same given after an arrest made under the provisions of this Act shall be exempted from the operation of the said Act or this Act relating to fraudulent [preferences]. Ss.8186 rep. by 1980 NI4 art.44(2)(b) sch.3 Meeting of creditors for appointment of trustee. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 87 87. Any bankrupt or any creditor or creditors of a bankrupt whose debt or the aggregate amount of whose debts is not less than fifty pounds may within the prescribed time after adjudication and in the prescribed manner apply to the Court for an order to summon a general meeting of the creditors of the bankrupt for the purpose of obtaining their sanction to the estate of the bankrupt being wound up by a trustee and a committee of inspection as herein-after mentioned. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 88 Regulations as to first meeting of creditors. 88. On the hearing of such application the Court may, if it think fit, make an order to summon a general meeting of the creditors of the bankrupt, and the creditors at such meeting, or at any adjournment thereof, shall and may do as follows: (1)They may, by a special resolution as defined by this Act, declare that the estate of the bankrupt is to be wound up by a trustee and a committee of inspection: (2)They may by resolution appoint some fit person, whether a creditor or not, to fill the office of trustee of the property of the bankrupt, at such remuneration as they may from time to time determine, if any; or they may resolve to leave his appointment to the committee of inspection herein-after mentioned: (3)They shall, when they appoint a trustee, by resolution declare what security is to be given, and to whom, by the person so appointed, before he enters on the office of trustee: (4)They shall, when they appoint a trustee, by resolution also appoint some other fit persons, not exceeding five in number, and being creditors qualified to vote at such first meeting of creditors as is in this Act mentioned, or authorised in the prescribed form by creditors so qualified to vote, to form a committee of inspection for the purpose of superintending the administration by the trustee of the bankrupt's property: (5)They may by resolution give directions as to the manner in which the property is to be administered by the trustee, and it shall be the duty of the trustee to conform to such directions, unless the Court for some just cause otherwise orders. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 89 Order for winding up by trustee, and appointment of same. 89. The general meeting of creditors to be summoned as aforesaid by the Court, and in this Act referred to as the first meeting of creditors, shall be held in the prescribed manner and subject to the prescribed regulations as to the quorum, adjournment of meeting, and all other matters relating to the conduct of the meeting or the proceedings thereat. Provided that (1)The meeting shall be presided over by one of the registrars of the court, or, in the event of his being unable to attend through illness or any unavoidable cause, or, if the Court shall so direct, by such chairman as the meeting may elect: (2)A person shall not be entitled to vote as a creditor unless at or previously to the meeting he has in the prescribed manner proved a debt provable under the bankruptcy to be due to him: (3)A creditor shall not vote at the said meeting in respect of any unliquidated or contingent debt, or any debt the value of which is not ascertained: (4)A secured creditor shall, for the purpose of voting, be deemed to be a creditor only in respect of the balance (if any) due to him after deducting the value of his security; and the amount of such balance shall, until the security be realised, be determined in the prescribed manner. He may, however at or previously to the meeting of creditors, [surrender] his security, and thereupon he shall rank as a creditor in respect of the whole sum due to him. [If he votes in respect of his whole debt he shall be deemed to have surrendered his security unless the Court on application is satisfied that the omission to value the security has arisen from inadvertence:] (5)Votes may be given either personally or by proxy: (6)An ordinary resolution shall be decided by a majority in value of the creditors present personally or by proxy at the meeting and voting of such resolution: (7)A special resolution shall be decided by a majority in number, and three fourths in value, of the creditors present personally or by proxy at the meeting and voting on such resolution. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 90 Vesting of estate of bankrupt in trustee. 90. The passing of any such special resolution as aforesaid, and the appointment of a trustee, shall be reported to the Court, and thereupon the Court shall, if it think it reasonable and proper so to do, make an order that the estate of the bankrupt shall be wound up by a trustee and a committee of inspection. When making any such order the Court shall at the same time, upon being satisfied that the requisite security has been entered into by the said trustee, give him a certificate declaring him to be trustee of the bankruptcy named in the certificate; and such certificate shall be conclusive evidence of the appointment of the trustee, and such appointment shall date from the date of the certificate. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 91 Remuneration to official assignee for services before appointment of trustee. 91. Upon the granting of such certificate all the estate, both real and personal, of the bankrupt shall be divested out of the [official assignee], and shall be vested in the said trustee as fully as if such trustee were the assignees under any bankruptcy.[ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 92 Conduct of bankrupt. 92. At the time of making any such order as aforesaid, or at any time thereafter, the Court may order to be paid out of the bankrupt's estate to the official assignee as a remuneration for his services (if any) from the date of the adjudication to the making of such order such fee or fees as shall upon consideration of the circumstances of the case appear to be just and reasonable, and as shall be authorised by this Act.] BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 93 Conduct of trustee, and appeal to Court against trustee. 93. From and after the making of any such order as aforesaid the bankrupt shall, to the utmost of his power, aid the trustee in the realisation of his property and the distribution of the proceeds thereof amongst his creditors. He shall give such inventory of his property, such list of his creditors and debtors, and of the debts due to and from them respectively, submit to such examination in respect of his property or his creditors, attend such meetings of his creditors, wait at such times on the trustee, execute such powers of attorney, conveyances, deeds, and instruments, and generally do all such acts and things in relation to his property and the distribution of the proceeds amongst his creditors, as may be reasonably required by the trustee, or may be prescribed by rules of Court, or be directed by the Court by any special order or orders made in reference to any particular bankruptcy, or made on the occasion of any special application by the trustee or any creditor. If the bankrupt wilfully fail to perform the duties imposed on him by this section, or if he fail to deliver up possession to the trustee of any part of his property, which is divisible amongst his creditors under this Act, and which may for the time being be in the possession or under the control of such bankrupt, he shall, in addition to any other punishment to which he may be subject, be guilty of a contempt of Court, and may be punished accordingly. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 94 Regulations as to general meetings of creditors subsequent to first meeting. 94. The trustee shall, in the administration of the property of the bankrupt and in the distribution thereof amongst his creditors, have regard to any directions that may be given by resolution of the creditors at any general meeting, or by the committee of inspection, and any directions so given by the creditors at any general meeting shall be deemed to override any directions given by the committee of inspection: the trustee shall call a meeting of the committee of inspection [once at least every three months, when they shall audit his accounts] [at such intervals as may be prescribed, when they shall consider the accounts sent to them under section 117(7)], and determine whether any or what dividend is to be paid; he may also call special meetings of the said committee as he thinks necessary. Subject to the provisions of this Act, and to such directions as aforesaid, the trustee shall exercise his own discretion in the management of the estate, and its distribution amongst the creditors. The trustee may from time to time summon general meetings of the creditors for the purpose of ascertaining their wishes; he may also apply to the Court, in manner prescribed, for directions in relation to any particular matter arising under the bankruptcy. The bankrupt, or any creditor, or debtor, or other person aggrieved by any act of the trustee, may apply to the Court, and the Court may confirm, reverse, or modify the act complained of, and make such order in the premises as it thinks just. The Court may from time to time, during the continuance of a bankruptcy, summon general meetings of the creditors for the purpose of ascertaining their wishes, and may, if the Court thinks fit, direct [one of the registrars of the Court] [the registrar] to preside at such meetings. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 95 Trustee to keep books. 95. The provisions of this Act with respect to the first general meeting of creditors shall apply to any subsequent general meeting of creditors in a bankruptcy, being wound up by a trustee and a committee of inspection, with this exception, that subsequent meetings of creditors may be summoned by the trustee, or by a member of the committee of inspection, and that such meetings may, unless otherwise directed by the Court in the case of meetings summoned by the Court, be presided over by any person chosen by the creditors assembled at such meeting, and that any creditor whose debt has been proved, or the value of whose debt has been ascertained at or subsequently to such first meeting, shall be allowed to be present and to vote thereat. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 96 Disclaimer as to onerous property. 96. The trustee shall, as soon as may be, take possession of the deeds, books, and documents of the bankrupt, and all other property capable of manual delivery. The trustee shall keep, in such manner as [rules of Court] [bankruptcy rules] shall direct, proper books, in which he shall from time to time make or cause to be made entries or minutes of proceedings at meetings, and of such other matters as [rules of Court] [bankruptcy rules] shall direct, and any creditor of the bankrupt may, subject to the control of the Court, personally or by his agent inspect such books. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 97 Limitation of time for disclaimer. 97. When any property of the bankrupt required by the assignees under the said Act, as amended by this Act, or by the trustee under this Act, consists of land of any tenure burdened with onerous covenants, of unmarketable shares in companies, of unprofitable contracts, or of any other property that is unsaleable, or not readily saleable, by reason of its binding the possessor thereof to the performance of any onerous act, or to the payment of any sum of money, the assignees or trustee, notwithstanding that they or he have or has endeavoured to sell, or have or has taken possession of such property, or exercised any act of ownership in relation thereto, may, by writing under their or his hands or hand, disclaim such property; and upon the execution of such disclaimer, the property disclaimed shall, if the same is a contract, be deemed to be determined from the date of the order of adjudication, and if the same is a lease, be deemed to have been surrendered on the same date, and if the same be shares in any company, be deemed to be forfeited from that date, and if any other species of property, it shall revert to the person entitled on the determination of the estate or interest of the bankrupt, but if there shall be no person in existence so entitled, then in no case shall any estate or interest therein remain in the bankrupt. Any person interested in any disclaimed property may apply to the Court, and the Court may, upon such application, order possession of the disclaimed property to be delivered up to him, or make such other order as to the possession thereof as may be just. Any person injured by the operation of this section shall be deemed a creditor of the bankrupt to the extent of such injury, and may accordingly prove the same as a debt under the bankruptcy. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 98 Power of trustee to receive and decide on proof of debts. 98. The assignees or trustee shall not be entitled to disclaim any property in pursuance of this Act in cases where an application in writing has been made to them or him by any person interested in such property, requiring such assignees or trustee to decide whether they or he will disclaim or not, and the assignees or trustee have or has for a period of not less than twenty-eight days after the receipt of such application, or such further time as may be allowed by the Court, declined or neglected to give notice whether he disclaims the same or not.[ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 99 Power to allow bankrupt to manage property. 99. Subject to the provisions of this Act, the trustee shall have power to receive and decide upon proof of debts in the prescribed manner, and for such purpose to administer oaths.] BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 100 Power of trustee to compromise, &c. 100. The trustee may appoint the bankrupt himself to superintend the management of the property, or of any part thereof, or to carry on the trade of the bankrupt (if any) for the benefit of the creditors, and in any other respect to aid in administering the property in such manner and on such terms as the creditors direct. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 101 Power of trustee to accept composition or general scheme of arrangement. 101. The trustee may, with the sanction of the committee of inspection, do all or any of the following things. (1)Mortgage or pledge any part of the property of the bankrupt for the purpose of raising money for the payment of his debts: (2)Refer any dispute to arbitration, compromise all debts, claims, and liabilities, whether present or future, certain or contingent, liquidated or unliquidated subsisting or supposed to subsist between the bankrupt and any debtor or person who may have incurred any liability to the bankrupt upon the receipt of such sums, payable at such times, and generally upon such terms as may be agreed upon: (3)Make such compromise or other arrangement as may be thought expedient with creditors or persons claiming to be creditors in respect of any debts provable under the bankruptcy: (4)Make such compromise or other arrangement as may be thought expedient with respect to any claim arising out of or incidental to the property of the bankrupt, made or capable of being made on the trustee by any person or by the trustee on any person: (5)... divide in its existing form amongst the creditors, according to its estimated value, any property which from its peculiar nature or other special circumstances cannot advantageously be realised by sale. The sanction given for the purposes of this section may be a general permission to do all or any of the above-mentioned things or a permission to do all or any of them in any specified case or cases. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 102 Trustee, if a solicitor, may be paid for services. 102. The trustee may, with the sanction of a special resolution of the creditors assembled at any meeting of which notice has been given specifying the object of such meeting, accept any composition offered by the bankrupt, or assent to any general scheme of settlement of the affairs of the bankrupt upon such terms as may be thought expedient, and with or without a condition that the order of adjudication is to be annulled, subject nevertheless to the approval of the Court, to be testified by the judge of the Court signing the instrument containing the terms of such composition or scheme, or embodying such terms in an order of the Court. Where the annulling the order of adjudication is made a condition of any composition with the bankrupt or of any general scheme for the liquidation of his affairs, the Court, if it approves of such composition or general scheme, shall annul the adjudication on an application made by or on behalf of any person interested, and the adjudication shall be annulled from and after the date of the order annulling the same. The provisions of any composition or general scheme made in pursuance of this Act may be enforced by the Court on a motion made in a summary manner by any person interested, and any disobedience of the order of the Court made on such motion shall be deemed to be a contempt of Court. The approval of the Court shall be conclusive as to the validity of any such composition or scheme, and it shall be binding on all the creditors so far as relates to any debts due to them and provable under the bankruptcy. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 103 Trustee to pay moneys into bank. 103. A trustee shall not, without the consent of the committee of inspection, employ a solicitor or other agent, but where the trustee is himself a solicitor he may contract to be paid a certain sum by way of per-centage or otherwise as a remuneration of his services as trustee, including all professional services, and any such contract shall, notwithstanding any law to the contrary, be lawful.[ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 104 Payments by trustee into Insolvency Account or authorised account. 104. The trustee shall pay all sums from time to time received by him into such bank as the majority of the creditors in number and value at any general meeting shall appoint, and failing such appointment into the Bank of Ireland; and if he at any time keep in his hands any sum exceeding fifty pounds for more than ten days, he shall be subject to the following liabilities; that is to say (1)He shall pay interest at the rate of twenty pounds per centum per annum on the excess of such sum above fifty pounds as he may retain in his hands: (2)Unless he can prove to the satisfaction of the Court that his reason for retaining the money was sufficient, he shall, on the application of any creditor, be dismissed from his office by the Court, and shall have no claim for remuneration, and be liable to any expenses to which the creditors may be put by or in consequence of his dismissal.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 104 1980 NI 14 104.(1) The trustee shall, in such manner and at such times as may be prescribed by regulations made under Article 34 of the Bankruptcy Amendment (Northern Ireland) Order 1980, pay the money received by him as trustee to the Department, which shall lodge that money into the Insolvency Account. (2) If the committee of inspection satisfy the Department that for any reason it is for the advantage of the creditors that the trustee should pay the money received by him as trustee or part of that money into a bank account other than the Insolvency Account, the Department shall, on the application of the committee of inspection, authorise the trustee to make payments into and out of such other account as the committee may select, and thereupon those payments shall be made in such manner and at such times as the Department may direct. (3) If the trustee at any time retains for more than 10 days a sum exceeding #100 or such other amount as the Department in any particular case authorises him to retain, then, unless he explains the retention to the satisfaction of the Department, (a)he shall pay interest on the amount so retained in excess at the rate of 20 per annum, and (b)he shall be liable to disallowance of all his remuneration or such part of it as the Department may think just, and (c)he shall be liable to be removed from his office by the Court on the application of the Department, and (d)he shall be liable to pay any expenses occasioned by reason of his default. (4) The trustee shall not pay any sums received by him as trustee into his private banking account. (5) Where any dividends declared by the trustee have remained unclaimed for six months (a)where payments into an account other than the Insolvency Account have not been authorised under paragraph (2), the trustee shall notify and vouch the dividends to the Department, which shall cause the sums payable in respect of the dividends to be credited to the Insolvency Account; (b)where payments into some other account have been so authorised, and the dividends have been debited to that account, the trustee shall cause the sums payable in respect of the dividends to be credited to that account.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 105 Allowance to bankrupt for maintenance or service. 105. All debts provable in bankruptcy under the said Act or this Act may be proved in the prescribed manner before the trustee, and the several provisions of the said Act and this Act as to the proof and ascertainment of debts, and the nature, amount, and relative priorities of same, shall extend and be applicable to all debts which shall be proved before such trustee. An estimate shall be made according to the rules of the Court for the time being in force, so far as the same may be applicable, and when they are not applicable at the discretion of the trustee, of the value of any debt, provable as aforesaid, which by reason of its being subject to any contingency or contingencies, or for any other reason, does not bear a certain value. Any person aggrieved by any estimate made by the trustee as aforesaid may appeal to the Court, and the Court may thereupon ascertain such value, or direct such value to be assessed in the manner provided by the said Act or this Act.] BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 106 Distribution of dividends. 106. The trustee, with the consent of the creditors, testified by a resolution passed in general meeting, may from time to time, during the continuance of the bankruptcy, make such allowance as may be approved by the creditors to the bankrupt out of his property for the support of the bankrupt and his family, or in consideration of his services if he is engaged in winding up his estate. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 107 Provision for creditors residing at a distance, &c. 107. [The trustee shall from time to time, when the committee of inspection determines, declare a dividend amongst the creditors who have proved to his satisfaction debts provable in bankruptcy, and shall distribute the same accordingly; and] in the event of [his not] [the trustee's not] declaring a dividend for the space of six months, he shall summon a meeting of the creditors and explain to them his reasons for not declaring the same.[ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 108 Right of creditor who has not proved debt before declaration of a dividend. 108. In the calculation and distribution of a dividend it shall be obligatory on the trustee to make provision for debts provable in bankruptcy appearing from the bankrupt's statements, or otherwise, to be due to persons resident in places so distant from the place where the trustee was acting that in the ordinary course of communication they have not had sufficient time to tender their proofs, or to establish them if disputed, and also for debts provable in bankruptcy, the subject of claims not yet determined.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 109 Final dividend. 109. Any creditor who has not proved his debt before the declaration of any dividend or dividends shall be entitled to be paid out of any moneys for the time being in the hand of the trustee any dividend or dividends he may have failed to receive before such moneys are made applicable to the payment of any future dividend or dividends, but he shall not be entitled to disturb the distribution of any dividend declared before his debt was proved by reason that he has not participated therein.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 110 Bankrupt entitled to surplus. 110. When the trustee has converted into money all the property of the bankrupt, or so much thereof as can, in the joint opinion of himself and of the committee of inspection, be realised without needlessly protracting the bankruptcy, he shall declare a final dividend, and give notice of the time at which it will be distributed.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 111 No action for dividend. 111. The bankrupt shall be entitled to any surplus remaining after payment of his creditors, and of the costs, charges, and expenses of the bankruptcy.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 112 Close of bankruptcy. 112. No action or suit for a dividend shall lie against the trustee, but if the trustee refuses to pay any dividend the Court may, if it thinks fit, order the trustee to pay the same, and also to pay out of his own moneys interest thereon for the time that it is withheld, and costs of the application.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 113 Release of trustee. 113. When the whole property of the bankrupt has been realised for the benefit of his creditors, or so much thereof as can, in the joint opinion of the trustee and committee of inspection, be realised without needlessly protracting the bankruptcy, or a composition or arrangement has been completed, the trustees shall make a report accordingly to the Court, and the Court, if satisfied that the whole of the property of the bankrupt has been realised for the benefit of his creditors, or so much thereof as can be realised without needlessly protracting the bankruptcy, or that a composition or arrangement has been completed, shall make an order that the bankruptcy has closed, and the bankruptcy shall be deemed to have closed at and after the date of such order. A copy of the order closing the bankruptcy may be published in the [Belfast Gazette], and the production of a copy of such Gazette containing a copy of the order, shall be conclusive evidence of the order having been made, and of the date and contents thereof.] BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 114 1980 NI 4 114. [When the bankruptcy is closed the trustee shall call a meeting of the creditors to consider an application to be made to the Court for his release.] [When the trustee proposes to apply to the Department under Articles 27 and 39 of the Bankruptcy Amendment (Northern Ireland) Order 1980 for his release he shall call a meeting of the creditors to consider his intended application.] At the meeting the trustee shall lay before the assembled creditors an account showing the manner in which the bankruptcy has been conducted, with a list of the unclaimed dividends, if any, and of the property, if any, outstanding, and shall inform the meeting that he proposes to apply to [the Court] [the Department] for a release. [ The creditors assembled at the meeting may express their opinion as to the conduct of the trustee, and they, or any of them, may appear before the Court, and oppose the release of the trustee. The Court, after hearing what, if anything, can be urged against the release of the trustee, shall grant or withhold the release accordingly, and if it withhold the release shall make such order as it thinks just, charging the trustee with the consequences of any act or default he may have done or made contrary to his duty, and shall suspend his release until such charging order has been complied with, and the Court thinks just to grant the release of the trustee.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 115 Duty of trustee as to unclaimed dividends and outstanding property. 115. Unclaimed dividends, and any other moneys arising from the property of the bankrupt, remaining under the control of the trustee at the close of the bankruptcy of any bankrupt, or accruing thereafter, shall be accounted and paid over to the "unclaimed dividend account," in the same manner in all respects as if same were unclaimed dividends in a bankruptcy under the said Act; and same shall be subject to the like orders and be applied for the same purposes as are mentioned in the said Act. The trustee shall also deliver a list of any outstanding property of the bankrupt to the prescribed persons, and the same shall, when practicable, be got in and applied for the benefit of the creditors in manner prescribed.][115.(1) When the trustee is released (a)he shall deal with any unclaimed dividends as mentioned in section 104(5), notwithstanding that they have not remained unclaimed for six months; (b)he shall pay to the Department (i)any sums remaining in his hands which form part of the bankrupt's estate, and (ii)any sum remaining to the credit of an account in his name which has been authorised under section 104(2) (including any sum credited to that account under paragraph (a)), for lodgment into the Insolvency Account; and (c)he shall deliver to the official assignee a list of any outstanding property of the bankrupt's. (2) The property mentioned in paragraph (1)(c) shall, when practicable, be got in and applied for the benefit of the creditors. (3) Where any sum accrues to the trustee after his release in right of the bankrupt's estate, the trustee shall pay it to the Department for lodgment into the Insolvency Account.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 116 Certified statement of accounts to be forwarded to Court. 116. The Order of the Court releasing the trustee of a bankruptcy shall discharge him from all liability in respect of any act done or default made by him in the administration of the affairs of the bankrupt, or otherwise in relation to his conduct as trustee of such bankrupt; but such order may be revoked by the Court on proof that it was obtained by fraud.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 117 Audit of trustee's accounts. 117. The trustee having had his quarterly statement of accounts audited by the committee of inspection, shall, within the prescribed time, forward the certified statement in the prescribed form to such officer of the Court as the Court may from time to time direct.][117.(1) The trustee shall, at such times as may be prescribed, send to the Department or as it directs an account in the prescribed form and made in duplicate of his receipts and payments as trustee. (2) The trustee shall verify by a statutory declaration in the prescribed form the account mentioned in subsection (1). (3) The trustee shall furnish the Department with such vouchers and information as the Department may require, and the Department may at any time, whether at the premises of the trustee or elsewhere, require the production of and inspect any books or accounts kept by the trustee. (4) The Department may cause any account sent to it under this section to be audited. (5) When the audit of an account has been completed, one copy of the account shall be filed and kept by the Department and the second copy shall be delivered to the Court for filing. (6) Where the Department determines not to cause an account to be audited, subsection (5) shall apply as if it required copies of the accounts to be filed or delivered for filing forthwith. (7) Subject to subsection (8), the trustee shall, either when the account has been audited or when he has been notified by the Department of its determination not to cause the account to be audited, send a copy of the account to every member of the committee of inspection. (8) The Department may in any case dispense with compliance with subsection (7).][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 118 Control of Department of Commerce over trustee. 118. Every trustee of a bankrupt shall from time to time, as may be prescribed, and not less than once in every year during the bankruptcy, transmit to such officer a statement showing the proceedings in such bankruptcy up to the date of the statement containing the prescribed particulars, and made out in the prescribed form; and any trustee failing to transmit accounts in compliance with this section shall be deemed guilty of a contempt of Court, and be punishable accordingly.][118. The Department shall take cognizance of the conduct of the trustee and, if he does not faithfully perform his duties and duly observe all the requirements imposed on him by any statutory provision or otherwise with respect to the performance of his duties or if any complaint is made to the Department by any creditor in regard thereto, the Department shall inquire into the matter and take such action thereon as the Department may think expedient.][ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 119 Powers of officer to whom accounts are transmitted. 119. The officer to whom the said statements shall be transmitted as aforesaid shall examine the same, and shall call the trustee to account for any misfeasance, neglect, or omission which may appear on such statements, and may require the trustee to make good any loss the estate of the bankrupt may have sustained by such misfeasance, neglect, or omission. If the trustee fail to comply with such requisition of such officer, such officer may report the same to the Court; and the Court, after hearing the explanation, if any, of the trustee, shall make such order in the premises as it thinks just.] BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 120 Regulations as to trustees, &c. 120. [The said officer] [The Department] may, at any time require any trustee to answer any inquiry made by [him] [the Department] in relation to any bankruptcy in which such trustee is engaged, and may, if [he think] [the Department thinks] fit, apply to the Court to examine on oath such trustee or any other person concerning such bankruptcy; [he] [the Department] may also direct a local investigation to be made of the books and vouchers of the trustees. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 121 Court to have jurisdiction notwithstanding order to wind up by trustee, &c. 121. The following regulations shall be made with respect to the trustee and committee of inspection: (1)The creditors may, if they think fit, appoint more persons than one to the office of trustee, and where more than one are appointed, they shall declare whether any act required or authorised to be done by the trustee is to be done by all or any one or more of such persons, but all such persons are in this Act included under the term "trustee," and shall be joint tenants of the property of the bankrupt. The creditors may also appoint persons to act as trustees in succession in the event of one or more of the persons first named declining to accept the office of trustee: (2)If any vacancy occur in the office of trustee by death, resignation, or otherwise, the creditors in general meeting shall fill up such vacancy, and a general meeting for the purpose of filling up such vacancy may be convened by the continuing trustee, if there be more than one, or by the Court on the requisition of any creditor: (3)The Court may, upon cause shown, remove any trustee. The creditors may, by special resolution at a meeting specially called for that purpose, of which seven days notice has been given, remove the trustee and appoint another person to fill his office, and the Court shall give a certificate declaring him to be the trustee: (4)If a trustee be adjudged bankrupt, he shall cease to be trustee, and the Court shall, if there be no other trustee, call a meeting of creditors for the appointment of another trustee in his place: (5)The property of the bankrupt shall pass from trustee to trustee, and shall vest in the trustee for the time being during his continuance in office, without any conveyance, assignment, or transfer whatever: (6)The trustee of a bankrupt may sue and be sued by the official name of "the trustee of the property of a bankrupt," inserting the name of the bankrupt, and by that name may hold property of every description, make contracts, sue and be sued, enter into any engagements binding upon himself and his successors in office, and do all other acts necessary or expedient to be done in the execution of his office: (7)The certificate of appointment of a trustee shall, for all purposes of any law in force in any part of the United Kingdom or in any of the dominions of Her Majesty, requiring registration, enrolment, or recording of conveyances or assignments of property, be deemed to be a conveyance or assignment of property, and may be registered, enrolled, and recorded accordingly: (8)Any member of the committee of inspection may resign his office by notice in writing signed by him, and delivered to the trustee: (9)The creditors may by resolution fix the quorum required to be present at a meeting of the committee of inspection: <(10)Any member of the committee of inspection may also be removed by a special resolution at any meeting of creditors of which the prescribed notice has been given, stating the object of the meeting: <(11)On any vacancy occurring in the office of a member of the committee of inspection by removal, death, resignation, or otherwise, the trustee shall convene a meeting of creditors for the purpose of filling up such vacancy: <(12)The continuing members of the committee of inspection may act, notwithstanding any vacancy in their body; and where the number of members of the committee of inspection is for the time being less than five, the creditors may increase that number, so that it do not exceed five: <(13)No defect or irregularity in the election of a trustee or of a member of the committee of inspection shall vitiate any act bona8 fide done by him; and no act or proceeding of the trustee or of the creditors shall be invalid by reason of any failure of the creditors to elect all or any members of the committee of inspection: <(14)If a member of the committee of inspection become a bankrupt his office shall thereupon become vacant: <(15)Where there is no committee of inspection, any act or thing or any direction or consent by this Act authorised or required to be done or given by such committee may be done or given by the [Court] [Department] on the application of the trustee. BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 122 Rules of Court. 122. Where an order is made for winding up the bankrupt's estate by a trustee and committee of inspection, the Court shall, notwithstanding such order, but subject to the provisions and restrictions aforesaid, have the same powers and authorities and may make such orders, give such directions, and do all such matters and things with respect to the bankrupt, his [schedule], creditors, property, debtors to his estate, [and certificate, or as to the trial or directing the prosecution of such bankrupt], or as to the examination of witnesses as in proceedings in bankruptcy heard before such Court under the said Act as amended by this Act. S.123 rep. by 1946 c.13 (NI) s.16(3) sch. 1978 c.23 [ BANKRUPTCY (IRELAND) AMENDMENT ACT 1872 - SECT 124 124. [Rules of court may be made under section 55 of the Judicature (Northern Ireland) Act 1978 for the effectual execution of this Act and such rules may, in particular, prescribe] regulations as to the service of summonses and orders, including provisions for substituted service; as to the valuing of any debts provable in a bankruptcy; as to the valuation of securities held by creditors; as to the giving or withholding interest or discount on or in respect of debts or dividends; as to the funds out of which costs are to be paid, the order of payment, and the amount and taxation thereof; and as to any other matter or thing, whether similar or not to those above enumerated, in respect to which it may be expedient to make rules for carrying into effect the objects of this Act;.... Until rules have been made in pursuance of this Act, and so far as such rules do not extend, the principles, practice, and rules on which courts having jurisdiction in bankruptcy in Ireland have heretofore acted in dealing with bankruptcy proceedings shall be observed by any Court having jurisdiction in bankruptcy cases under this Act.] Schedule (A) rep. by SLR 1883. Schedules (B) (C) rep. by SRO (NI) 1970/163