Bankruptcy Act, 1988

Creditors' assignee.

(1857, ss. 64, 265)

18.—(1) At the statutory sitting referred to in section 17 (3) the creditors may 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.

(2) All creditors shall be entitled to vote in such choice in person or by an agent authorised in writing in that behalf, and the choice and appointment shall be made by the major part in value of the creditors.

(3) The Court may reject any person so chosen who appears to the Court unfit to be a creditors' assignee or may remove a creditors' assignee and in the event of a vacancy, however arising, a new choice and appointment may be made in like manner.

(4) For the purposes of appointing a creditors' assignee a creditor may prove his debt.