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Annulment of order
The order may be annulled if
As to (b) voluntary release of a debt is not equivalent to payment; a disputed debt is considered as paid in full if the debtor enters into a bond to pay it if the dispute is settled in favour of the creditor and a debt due to an untraceable or unidentifiable creditor by payment of the debt into court. The court may refuse an annulment, although the debts have been paid in full, or the O.R. reports that the bankrupt has committed bankruptcy offenses.
An annulment must be advertised in the Kenya Gazette, and releases the debtor from the disabilities of bankruptcy, but does not invalidate payments or other acts properly made by the Official Receiver or the trustee. The property of the debtor vests in such person as the court directs, or otherwise reverts to the debtor.
Q. Evaluate Value of rights per existing share? Rights issue price = 4·00 × 0·85 = $3·40 Theoretical ex rights price = ((5 × 4·00) + 3·40)/6 = $3·90 Value of rights per e
Tom Scott is the owner, president, and primary salesperson for Scott Manufacturing. Because of this, the company's profits are driven by the amount of work Tom does. If he works 40
The Statement of Affairs The statement of affairs sets out: (a) The various assets of the debtor, at the values they are expected to realise; (b) The creditors, classified acc
the salaries paid in 2004 is rs. 500000 salaries outstanding is rs.20000 salaries paid in advance for 2004 is rs 30000 what is the actual salary expenditure for 2004?
hi please tell the status of payment confirmation
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