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BANKRUPTCY ACT 1966 - SECT 139F Court to take account of interests of other persons

BANKRUPTCY ACT 1966 - SECT 139F

Court to take account of interests of other persons

  (1)   In considering whether or not to make under section   139D or 139DA a particular order relating to property in which the respondent entity has an estate, the Court shall take account of:

  (a)   the nature and extent of any estate that any other person or entity has in the property and any hardship that the order might cause that other person or entity; and

  (b)   the respondent entity's current net worth and any hardship the order might cause the respondent entity's creditors.

  (2)   In considering whether or not to make a particular order under section   139E or 139EA, the Court shall take account of the respondent entity's current net worth and any hardship the order might cause the entity's creditors.