Bankruptcy Act, 1988

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Surplus.

(1857, s. 304)

86.—(1) If the estate of any bankrupt is sufficient to pay one pound in the pound, with interest at the rate currently payable on judgment debts, and to leave a surplus the Court shall order such surplus to be paid or delivered to or vested in the bankrupt, his personal representatives or assigns.

(2) The order shall for all purposes be deemed to be a conveyance, assignment or transfer of property and, where appropriate, may be registered accordingly.