Cap. 6:07
INSOLVENCY
No. 7/2018
for himself or herself and his or her family, and the assistance given to
the liquidator during the period for which the allowance was paid;
(h)
any business carried on by or on behalf of the insolvent estate and the
result thereof:
(i)
any legal proceedings instituted by or against the debtor which were
suspended by the liquidation of the estate and any other legal proceedings
that are pending or may be instituted against the insolvent estate;
(j)
any transaction entered into by the debtor before the liquidation of his
or her estate in respect of the acquisition of immovable property which
was not transferred to him or her, or any transaction entered into by the
debtor as lessee;
(k)
the names of secured creditors with the amounts of the secured claims
and steps taken or envisaged to investigate the validity of the security;
(I)
any other matter relating to the administration or the realisation of the
assets of the in sol vent estate requiring the direction of the creditors;
(m) in the case of a debtor which is a company,or another debtor with directors,
whether there are or appear to be any grounds for an order by the Court
under the Companies Act [Chapter 24:31], to declare a person delinquent;
(n)
in the case of a debtor other than a natural person or partnership,
\vhether or not any trustee, director, officer or member or former trustee,
director, officer or member appears to be personally liable for damages
or compensation to the debtor or for any debts or liabilities of the debtor
as provided for in this or any other Act;
(o)
whether or not further enquiry is desirable in regard to any matter relating
to the promotion, formation or failure of the debtor or the conduct of its
business.
(3) If the report is submitted before the granting of the final order, report whether
any of the following, where applicable, are more appropriate than liquidation(a)
corporate rescue proceedings in terms of Part XXIII;
b)
scheme of arrangement in terms of section 191 of the Companies Act
[Chapter 24:31];
(c)
compromise in terms of section 148;
(d)
pre- or post-liquidation composition in terms of section 119 or 120.
(4) The liquidator must supply the Zimbabwe Commissioner of Police with
an affidavit containing a report relating to any offence that the debtor committed and
must send a copy of the report by standard notice to the Master and on request of the
Commissioner supply further particulars.
47
Recovery of debts due to estate
(1) The liquidator must, in the notification of his or her appointment by
publication in the Ga-;,ette, and any local newspaper widely circulating, call on all
persons indebted to the estate of which he or she is liquidator to pay their debts within
the period and at the place stated in the notice.
(2) If any person fails to pay a debt due to the estate timeously the liquidator
must recmer payment from him or her. if need be by legal process.
48
Remuneration of liquidator
( l) A liquidator is entitled to a reasonable remuneration for his or her services
and for expenses incurred by him or her in the administration of an insolvent estate.
235
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