Western Australian Current Acts

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23 .         All creditors to stand in equal degree

        (1)         Subject to section 10A, in the administration of the estate of every deceased person, all the creditors of such person shall be treated as standing in equal degree, and be paid accordingly out of the assets, whether legal or equitable.

        (2)         Nothing herein contained shall prejudice or affect any mortgage, lien, charge, or security which any person may hold or be entitled to for payment of his debt.

        (3)         Nothing herein contained shall affect the provisions of any Act protecting life assurance or other policies against creditors.

        [Section 23 amended: No. 72 of 1984 s. 7.]

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