Rescission-statement of affairs-receiving order , Financial Accounting

Rescission of receiving order

The order may be rescinded by the court if:

  1. The court has sanctioned a composition or scheme of arrangement;
  2. The debts have been paid in full; or
  3. The court otherwise considers that the order ought not to have been made.

Statement of affairs

Within fourteen days of the receiving order '(or before, but not more than three days before, the date of the debtor's own petition) the debtor must submit to the Official Receiver a statement of his affairs verified by affidavit, showing:

  1. Particulars of his assets, debts and liabilities;
  2. The names, residences and occupations of his creditors;
  3. The securities (if any) held by them, and the dates they were given; and
  4. Such further or other information as may be prescribed or as the official receiver may require
Posted Date: 12/12/2012 6:18:15 AM | Location : United States







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