that the acquisition shall not prejudice the satisfaction of creditors' claims.

that the acquisition shall not prejudice the satisfaction of creditors' claims.

Section 3 of the Wages Act is amended by striking out "Creditors' Relief Act" and substituting "Creditors' Relief Act, 2010".

Payment of the sums due to creditors at a given level is made once those at the previous level have been satisfied (paragraph 3).

Clause 29 (12) (a) of the Regulation is amended by striking out “subsection 4 (1) of the Creditors’ Relief Act” and substituting “subsection 2 (3) of the Creditors’ Relief Act, 2010”.

Satisfaction of the insolvency creditors may not commence until after the general verification meeting.

↑ Procedure allowing the purchaser of a building to allocate the purchase price to the loss of the mortgage creditors registered on the building.

The short title of the Act set out in this Schedule is the Creditors' Relief Act, 2010.

(2) Section 15 of the Act is amended by striking out "and the claims certified under the Creditors' Relief Act".

The goal of bankruptcy proceedings is to satisfy creditors’ claims in the greatest possible degree and, if reasonably possible, to keep the debtor’s enterprise in existence.

The Creditors' Relief Act, 2010 repeals and replaces the current Act to modernize the provisions and bring them into line with current court rules and practices.

Part of the reform process included an amendment to the Creditors' Relief Act, whereby the PPSA permits the registration of notices of judgment and notices of claim against personal property.

For preparing a schedule of distribution under the Creditors’ Relief Act, $45 per writ or notice of garnishment listed on the schedule, up to a maximum fee of an amount equal to 20 per cent of the money received.

The court describes in detail a situation in which in the respective foreign substantive laws the scope of seizure and protection against attachment and the mechanisms for satisfying creditors are designed differently but aligned with each other.

The collection of receivables and the conversion of the rest of the assets into cash may be omitted to the extent that these measures are not necessary to satisfy the creditors or to distribute the surplus among those entitled to receive it.

The collection of receivables and the conversion of the rest of the assets into cash may be omitted to the extent that these measures are not necessary to satisfy the creditors or to distribute the surplus among those entitled to receive it.