← belizelaw.ai · Bankruptcy, Cap. 244 · PART II — Bankruptcy, Receiving Orders etc., Debtors, Debtors Property,
Debtor’s petition and order thereon
Cap. 244, s. 7 · Revised Edition 2020
(1) A debtor’s petition shall allege that the debtor is unable to pay his debts and the presentation thereof shall be deemed an act of bankruptcy without the previous filing by the debtor of any declaration of inability to pay his debts, and the court shall thereupon make a receiving order.
(2) A debtor’s petition shall not, after presentment, be withdrawn without the leave of the court.
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