Which of the following is NOT a consequence of a sequestration order?
A) The bankrupt must disclose the fact of their bankruptcy before obtaining credit above a specified amount.
B) The bankrupt can no longer be a director of a company.
C) Secured creditors are no longer able to deal with the security.
D) All of the property of the bankrupt immediately vests in the trustee for the benefit of creditors.
Correct Answer:
Verified
Q12: Judgment is an order of the court
Q13: A bankrupt may be examined by the
Q14: A 'garnishee order' is:
A)an order of the
Q15: Which of the following is NOT an
Q16: In the context of debt recovery proceedings,which
Q18: On what grounds may an Official Receiver
Q19: An insolvent is a person who is
Q20: The time limit for commencement of legal
Q21: An Official Receiver must reject a debtor's
Q22: The court will reject the creditor's petition
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents