Continuance of bankruptcy proceedings - proceedings continue despite death, preserving estate administration and distribution under insolvency law. When a bankrupt dies, the bankruptcy proceedings continue as if the bankrupt were alive, ensuring uninterrupted administration and distribution of the ... Summary
Continuance of bankruptcy proceedings - proceedings continue despite death, preserving estate administration and distribution under insolvency law.
When a bankrupt dies, the bankruptcy proceedings continue as if the bankrupt were alive, ensuring uninterrupted administration and distribution of the bankrupt's estate; this provision took effect from the commencement date stated in the relevant notification and operates within the insolvency law framework.
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