Commonwealth Numbered Acts

BANKRUPTCY AMENDMENT ACT 1987 No. 119 of 1987 - SECT 84

84. (1) Section 237 of the Principal Act is amended:

   (a)  by omitting subsection (1) and substituting the following subsection:

"(1) Section 81 applies in relation to a debtor who has executed a deed of
arrangement that has become binding on his or her creditors and so applies as
if:

   (a)  the debtor were a bankrupt; and

   (b)  the trustee of the deed were the trustee in the debtor's bankruptcy.";

   (b)  by omitting from subsection (2) all the words before "in relation to"
        and substituting " Subsection 58 (4) and sections 61, 62, 70, 71, 72,
        82 to 114 (inclusive), 133 to 139 (inclusive) and 140 to 148
        (inclusive) apply, with the prescribed modifications (if any),";

   (c)  by omitting subsection (3) and substituting the following subsection:

"(3) In the application, by virtue of subsections (1) and (2), of the
provisions referred to in those subsections:

   (a)  a reference to a provable debt shall be deemed to be a reference to a
        debt that is, for the purposes of this Part, a provable debt in
        relation to the deed of arrangement; and

   (b)  a reference to the end of the bankruptcy shall be deemed to be a
        reference to the end of the deed of arrangement.";

   (d)  by omitting from subsection (4) all the words before "in relation to"
        and substituting "Subsections 157 (6) and (7) and sections 162 to 184
        (inclusive) apply, with the prescribed modifications (if any),";

   (e)  by omitting from subsection (5) "modifications and adaptations made by
        the rules" and "to or in relation to" and substituting "prescribed
        modifications" and "in relation to", respectively; and

   (f)  by omitting subsection (6).

(2) The amendments made by subsection (1) apply in relation to a deed of
arrangement whenever executed.