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Debtors petition
Creditor’s Petition
- A debtor files a Statement of Affairs with Official Receiver prior filing petition in court.
- Official Receiver issues certificate and files it with the court.
- Courts make a Receiving Order and the Official Receiver is appointed Receiver.
- The Official Receiver proceeds under the Bankruptcy Act, Cap 25 R.E 2002 and Bankruptcy Rules to liquidate the debtor’s Estate.
Creditor’s Petition
- Creditors petition the court to have the Receiving Order made in respect of the debtor’s estate.
- Official Receiver issues certificate and files it with the court.
- Courts make a Receiving Order and the Official Receiver is appointed Receiver.
- The Official Receiver proceeds under the Bankruptcy Act, Cap 25 R.E 2002 and Bankruptcy Rules to liquidate the debtor’s Estate.
