Bankruptcy (Amendment) Act 2015

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Amendment of section 12 of Act of 1988

3. Section 12 (amended by section 146 of the Act of 2012) of the Act of 1988 is amended by the substitution of the following subsection for subsection (1):

“(1) The petitioning creditor shall at his own cost present his petition and prosecute it and, subject to subsection (2), the Court shall, at or after the hearing of the creditors’ petition under section 14, make an order for the payment of such costs out of the estate of the bankrupt in course of priority to be settled by rules of court.”.