|
|
|
Amendment of section 18 of Act of 1988
|
| |
5. Section 18 of the Act of 1988 is amended by the substitution of the following subsection for subsection (1):
|
|
| |
“(1) The creditors of a bankrupt may—
|
|
| |
(a) choose and appoint a person (in this Act referred to as the ‘creditors’ assignee’) to represent them in the administration of the bankrupt’s estate, and
|
|
| |
(b) not later than 90 days after the date of the making of the adjudication order in respect of that bankruptcy apply to Court for confirmation of that appointment.”.
|
