← belizelaw.ai · Bankruptcy, Cap. 244 · PART II — Bankruptcy, Receiving Orders etc., Debtors, Debtors Property,

Debtor’s statement of accounts

Cap. 244, s. 14 · Revised Edition 2020

(1) Where a receiving order is made against a debtor, he shall make out and submit to the Official Receiver a statement of and in relation to his affairs in the prescribed form, verified by affidavit, and showing the particulars of the debtor’s assets, debts and liabilities, the names, residences and occupations of his creditors, the securities held by them respectively, the dates when the securities were respectively given, and such further or other information as may be prescribed or as the Official Receiver may require. (2) The statement shall be so submitted within the following times, namely, (a) if the order is made on the petition of the debtor, within seven days from the date of the (b) if the order is made on the petition of a creditor, within fifteen days from the date of the order, 17 but the court may, in either case, for special reasons, extend the time. (3) Where the debtor fails without reasonable excuse to comply with the requirements of this section, the court may, on the application of the Official Receiver, or of any creditor, adjudge him bankrupt. (4) Any person stating himself in writing to be a creditor of the bankrupt may, personally, or by agent, inspect this statement at all reasonable times, and take any copy thereof or extract therefrom, but any person untruthfully so stating himself to be a creditor commits a contempt of court, and shall be punishable accordingly on the application of the trustee or
Have a question about this section? Ask belizelaw.ai →