Cap. 6:07
No. 7/2018
iNSOLVEI'\CY
INSOLVENCY ACT [CHAPTER 6:07]
ARRANGEMENT OF SECTIONS
PART I
PRELI:v!INARY
Gazetted and in force
25th June 2018
GN 413/2018
Section
I. Short title and commencement.
2. Interpretation.
3. Debtor unable to pay debts.
PART II
MANNERS IN WHICH A DEBTOR MAY BE LIQUIDATED
4. Application by debtor for liquidation of estate of natural person or partnership.
5. Application by debtor for liquidation of trust, company, private business
corporation, co-operative or other debtor other than a natural person or
partnership.
6. Application by creditor for liquidation of debtor's estate.
7. Liquidation of partnership estate.
8. Abuse of Court's procedures or malicious or vexatious application for liquidation.
9. Voluntary liquidation of insolvent debtor by resolution.
I 0. Voluntary liquidation of solvent company.
II. Investigation into winding up of company.
12. Commencement of voluntary liquidation of a company.
PART
III
AcT HAS LIMITED APPLICATION TO CERTAIN TYPES OF DEBTOR
13. Act has limited application to certain types of debtor.
PART IV
LIQUIDATION ORDERS AND COMMENCEMENT OF LIQUIDATION
14. Provisional liquidation order.
15.
16.
17.
18.
Final liquidation order.
Separate meetings of shareholders or members.
Obligations of creditor upon whose application a liquidation order is made.
Notice of liquidation.
PARTY
EFFECT OF LIQUIDATION
19. Effect of liquidation on debtor and his or her property.
20. The effect of liquidation on civil proceedings by or against the debtor.
PARTY!
RIGHTS AND OBLIGATIONS OF DEBTOR DURING INSOLVENCY
21. Rights and obligations of debtor during insolvency.
PART VII
IMPEACHABLE DISPOSITIONS
22. Alienation by debtor of property to third party who is in good faith.
__
?"1. Presumptions relating to property in possession of debtor.
24. Disposition without value.
25. Antenuptial contracts.
26. Voidable preferences.
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