PART 2

Sequestration: award and recall

Recall of sequestration

Application to Accountant in Bankruptcy for recall of sequestration
31
1
An application for recall of an award of sequestration may be made to AiB on the ground that the debtor has paid or is able to pay the debtor's debts in full.
2
An application may be made by—
a
the debtor,
b
any creditor (whether or not a person who was a petitioner for, or concurred in a debtor application for, the sequestration),
c
the trustee (where AiB is not the trustee), or
d
any other person having an interest (whether or not a person who was a petitioner for the sequestration).
3
The person making an application must, at the same time as applying to AiB, give to the persons mentioned in subsection (4)—
a
a copy of the application, and
b
a notice informing the recipient that the person has a right to make representations to AiB in relation to the application within 21 days beginning with the day on which the notice is given.
4
The persons are—
a
the debtor (where the debtor is not the applicant),
b
any person who was a petitioner for, or concurred in a debtor application for, the sequestration, and
c
the trustee.
5
Despite an application being made, the proceedings in the sequestration are to continue as if the application had not been made until a recall of an award of sequestration is granted under section 34(1) (subject to any conditions imposed under section 34(3)).
6
Where the applicant withdraws the application or dies, AiB may continue the application by substituting any person mentioned in subsection (2) for the applicant.