Part IReceiving Orders and Adjudication

1 Acts of Bankruptcy

A debtor commits an act of bankruptcy if he departs out of the Realm with intent to defeat or delay his creditors, or fails to satisfy a bankruptcy notice demanding £50 or more.

2 The Official Receiver

Upon the making of a receiving order, an Official Receiver shall be constituted receiver of the property of the debtor, and all private attachments against the debtor's estate shall cease.

Part IIDistribution of Property

3 Preferential Debts

In the distribution of the property of a bankrupt, there shall be paid in priority to all other debts:

(a)all parochial and local rates and taxes due within one year;

(b)wages of any clerk or servant not exceeding £50;

(c)wages of any labourer or workman not exceeding £25.

Part IIIGeneral

4 Citation

This Act may be cited as the Bankruptcy and Deeds of Arrangement Act.