Presentation and hearing-the petition, Financial Accounting

Presentation and hearing

The petition is presented to the court and must be served on the debtor at least eight days before the hearing. If the debtor wishes to oppose it he must give notice of that fact and the reasons for his opposition at least three days before the hearing. The court may dismiss the petition if the creditor fails to prove

  • The  debt
  • Service of the petition on the debtor
  • The act of bankruptcy relied on or
  • If satisfied that the debtor can pay his debts, or for other sufficient cause.

 

Otherwise it may stay the proceedings on such terms as it thinks fit, or make a receiving order against the debtor.

Posted Date: 12/12/2012 6:04:33 AM | Location : United States







Related Discussions:- Presentation and hearing-the petition, Assignment Help, Ask Question on Presentation and hearing-the petition, Get Answer, Expert's Help, Presentation and hearing-the petition Discussions

Write discussion on Presentation and hearing-the petition
Your posts are moderated
Related Questions
I have a presentation on an article (around 20 pages). I also need 2 current real life examples (2 companies) to support the presentation. Can you do that? How long it will take yo

The objective of this project is to demonstrate the effect of releasing accounting information concerning profits on the valuation (i.e. share price) of an Australian;listed compan

Great Pumpkin Farms just paid a dividend of $3.50 on its stock.  The growth rate in dividends is expected to be a constant 5 percent per year indefinitely.  Investors need a 16 per

Both a call and a put currently are traded on stock XYZ; both have strike prices of $50 and expirations of 6 months.  What will be the profit to an investor who buys the call for $

depreciation in question is given more and in adjustment is less. What would be in the profit and loss account?

Which of the following was the first private sector entity that set accounting standards in the United States? a. Accounting Principles Board b. Committee on Acocounting Procedure

1. A fellow student says to you: "The statement of cash flows is the easiest of the basic financial statements to prepare because you know the answer before you start. You compare

a recommendation regarding a current south African vat system

Maghrabi Enclosure follows a moderate current asset investment policy, but it is considering whether to shift to a different strategy. The firm''s annual sales are $500,000; its f

the role of international accounting toward promotion of generally accepted accounting principle