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Duties of debtor as to discovery and realisation of property

Cap. 244, s. 22 · Revised Edition 2020

(1) Every debtor, against whom a receiving order is made shall, unless prevented by sickness or other sufficient cause, attend the first meeting of his creditors and shall submit to such examination and give such information as the meeting may require. (2) Every such debtor shall, (a) give such inventory of his property; (b) give such list of his creditors and debtors, and of the debts due to and from them respectively; 27 (c) submit to such examination in respect of his property or his creditors; (d) attend such other meetings of his creditors; (e) wait at such times on the Official Receiver, special manager or trustee; (f) execute such of conveyances, deeds and instruments; (g) 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 Official Receiver, special manager or trustee, or may be prescribed by general rules, or be directed by the court, by any special order or orders made in reference to any particular case, or made on the occasion of any special application by the Official Receiver, special manager, trustee or any creditor or person interested. (3) Every such debtor shall, if adjudged bankrupt, aid to the utmost of his power in the realisation of his property and the distribution of the proceeds among the creditors. (4) A debtor who wilfully fails to perform the duties imposed on him by this section, or to deliver up possession of any part of his property which is divisible among his creditors under this Act, and which is for the time being in his possession or under his control, to the Official Receiver or to the trustee, or to any person authorised by the court to take possession of it, 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.
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Duties of debtor as to discovery and realisation of property — Cap. 244 s. 22 · Belize Law