Table of Contents (Display details)

• Bankruptcy and Insolvency 
• PART I Preliminary
  • 1 Citation
  • 2 Interpretation
• PART II Acts of Bankruptcy
  • 3 Acts of bankruptcy
• PART III Receiving Orders, Interim Receivers, Secured Creditors and Receivers
  • Petition for Receiving Order
  • Appointment of interim receiver
  • Secured Creditors and Receivers
• PART IV Assignments
  • 11 Who may make an assignment
• PART V Proposals
  • 12 Who may make a proposal
  • 13 Filing of proof of secured claim
  • 14 Where secured creditors may not vote
  • 15 Secured claims upon bankruptcy
  • 16 Notice of intention
  • 17 Trustee to assist in preparation of proposal
  • 18 Meeting of creditors
  • 19 Adjournment of meeting
  • 20 Proven creditors may vote prior to meeting
  • 21 Creditors may accept or refuse proposal
  • 22 Proposal may include terms of supervision
  • 23 Creditors may appoint inspectors
  • 24 Effect of refusal of proposal by creditors
  • 25 Substitution of trustee by Court order
  • 26 Trustee to apply to Court for approval of proposal
  • 27 Trustee to prepare report to Court
  • 28 Payment of preferred claims and trustee’s costs
  • 29 Where proposal approved by Court made by bankrupt
  • 30 Trustee to file proposal with Supervisor
  • 31 Default in performance of proposal
  • 32 Court may annul the proposal
  • 33 Date of assignment where Court approval not obtained
  • 34 Court to value claims where creditor participation required
  • 35 Agreements not to be terminated or altered
  • 36 Certificate of performance
  • 37 Mutatis mutandis provision
• PART VI Property of the Bankrupt
  • 38 Property of a bankrupt
  • 39 Excess income of individual bankrupts to be as prescribed
  • 40 Where assignment of certain payments ineffectual
  • Stay of Proceedings
  • General Provisions
  • Partnership Property
  • Crown Interests
  • Settlements and Preferences
• PART VII Administration of Estates
  • Meetings of Creditors
  • Procedure at Meetings
  • Inspectors
  • Claims Provable
  • Proof of Claims
  • Proof by Secured Creditors
  • Admission and Disallowance of Proofs of Claim and Proofs of Security
  • Scheme of Distribution
  • Dividends
  • Summary Administration
• PART VIII Bankrupts
  • Counselling Services
  • Duties of Bankrupts
  • Examination of Bankrupts and Others
  • Arrest of Bankrupts
  • Discharge of Bankrupts
• PART IX Administration
  • Supervisor
  • Public Records
  • TrusteesLicensing of Trustees
  • Conduct of Trustees
  • Appointment and Substitution of Trustees
  • Corporations as Trustees
  • Official Name
  • Duties and Powers of Trustees
  • Remuneration of Trustee
  • Discharge of Trustee
• PART X Courts and Procedure
  • Jurisdiction of Courts
• PART XI International Insolvencies
  • 223 Interpretation
  • 224 Copy of order to be proof of events
  • 225 Stay of proceedings not to apply unless proceedings taken in Barbados
  • 226 Foreign representative take certain proceedings
  • 227 Court may seek aid of foreign authority
  • 228 Court order may be conditional on compliance of foreign representative with other court order
  • 229 Foreign representative not prevented from proceeding due to appeal
  • 230 Dividends subject to property the creditor may acquire outside Barbados
  • 231 Claim payable in foreign currency
• PART XII Offences
  • 232 Offences committed by bankrupt
  • 233 Offences committed by undischarged bankrupt
  • 234 Where debtor having previously taken bankruptcy protection and not keeping proper books
  • 235 False claims, unlawful fees and unlawful transactions
  • 236 Offences by trustee and others
  • 237 Removal of property
  • 238 Invalid trustee licence
  • 239 Trustee acting outside authority
  • 240 Offence committed by corporation
  • 241 Court may make order for community service
  • 242 Variation of order made under section 241
  • 243 Court may make an order regarding damages
  • 244 Trustee to report to Court
  • 245 Trustee to report criminal acts
  • 246 Substance of offence sufficient
  • 247 Time for commencement of action
• PART XIII General
  • 248 Power respecting bankruptcy rules
  • 249 Gazette or local daily newspaper to be evidence of facts
  • 250 Admission not admissible under Theft Act
  • 251 Acts by corporations, firms, and individuals of unsound mind
  • 252 Vacating of seat in House of Assembly
  • 253 Leave of the Court required to pursue certain actions
  • 254 Regulations
  • 255 Transitional
  • 256 Repeal of Cap. 303