Commonwealth Consolidated Acts

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BANKRUPTCY ACT 1966 - SECT 139F

Court to take account of interests of other persons

             (1)  In considering whether or not to make under section 139D or 139DA a particular order relating to property in which the respondent entity has an estate, the Court shall take account of:

                     (a)  the nature and extent of any estate that any other person or entity has in the property and any hardship that the order might cause that other person or entity; and

                     (b)  the respondent entity's current net worth and any hardship the order might cause the respondent entity's creditors.

             (2)  In considering whether or not to make a particular order under section 139E or 139EA, the Court shall take account of the respondent entity's current net worth and any hardship the order might cause the entity's creditors.



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