SCHEDULES

SCHEDULE 4 Discharge on Composition

F111

1

Where the documents have been sent to the Accountant in Bankruptcy under paragraph 10 of this Schedule and either—

a

the period mentioned in paragraph 8B(1) of this Schedule has expired; or

b

the Accountant in Bankruptcy, in determining an appeal under said paragraph 8B(1), has approved the offer of composition,

the Accountant in Bankruptcy shall grant the certificates of discharge referred to in sub-paragraph (2) below.

2

Those certificates are—

a

a certificate discharging the debtor; and

b

a certificate discharging the trustee.

3

A certificate granted under sub-paragraph (1) above shall be in the prescribed form.

4

The Accountant in Bankruptcy shall—

a

send a certified copy of the certificate discharging the debtor to the keeper of the register of inhibitions for recording in that register; and

b

send a copy of that certificate to the trustee who shall insert it in the sederunt book or, where the Accountant in Bankruptcy is the trustee, insert a copy of that certificate in the sederunt book.