PART 10BANKRUPTCY

CHAPTER 6THE TRUSTEE IN BANKRUPTCY

Sub-division C: release on completion of administration of bankrupt’s estate

Release of official receiver on completion of administration (section 299)10.86

1

Before giving a notice that the administration of the bankrupt’s estate is for practical purposes complete to the Secretary of State under section 299(2), the official receiver must deliver a notice of intention to do so to the creditors and to the bankrupt.

2

The notice must be accompanied by a summary of the official receiver’s receipts and payments as trustee.

3

When the Secretary of State has determined the date from which the official receiver’s release is effective, the Secretary of State must—

a

where the bankruptcy was based on a bankruptcy application, deliver a notice of release to the official receiver; or

b

in all other cases, file a notice of the release with the court.

4

The Secretary of State’s notice to the court must be accompanied by the summary of the official receiver’s receipts and payments.