In Re A Petition by Mohammed Amer Abdel Kaher Mohammed Abdel Magid Nagy (Bankruptcy Petition No. 8 of 2002)
Observed later treatment
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Holding
A debtor's petition for a receiving order under the Bankruptcy Act cannot be granted until the debtor has filed a statement of affairs with the official receiver, verified by affidavit, as required by sections 7 and 15. The presentation of the petition is deemed an act of bankruptcy, but the receiving order must be refused until this statutory precondition is satisfied.
Outcome
Petition refused pending compliance with statutory filing requirements
Facts
Mohammed Amer Abdel Kaher Mohammed Abdel Magid Nagy filed a bankruptcy petition under sections 2(1)(f), 7 and 15 of the Bankruptcy Act, seeking a receiving order and adjudication of bankruptcy on the ground that he was unable to pay his debts. Section 7 provides that a debtor's petition alleging inability to pay debts constitutes an act of bankruptcy, and the court shall make a receiving order except that the order shall be refused until the debtor files with the official receiver a statement of affairs prepared in accordance with section 15. The statement must be verified by affidavit and submitted prior to but not more than three days before presentation of the petition. The statement of affairs accompanying the petition did not bear the stamp of the official receiver, indicating it had not been filed with that office as required.
Issues
- Whether the court can grant a receiving order where the petitioner has not filed the statement of affairs with the official receiver as required by sections 7 and 15 of the Bankruptcy Act.
Orders
- Petition for receiving order refused.
- Petitioner directed to first file statement of affairs with the official receiver as required by sections 7 and 15 of the Bankruptcy Act.
Rules and key headnotes
Legislation cited (4)
- Bankruptcy Act Cap. 67 s.2(1)(f)
- Bankruptcy Act Cap. 67 s.4
- Bankruptcy Act Cap. 67 s.7
- Bankruptcy Act Cap. 67 s.15
Cases cited (1)
- Re Pinfold, Ex parte Pinfold (1892) 1 QB 73
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.