BANKRUPTCY ACT 1966 - SECT 185G Lapsing of a debt agreement proposal

BANKRUPTCY ACT 1966 - SECT 185G

    A debt agreement proposal lapses if:

  (b)   the Official Receiver accepts the proposal for processing and writes to affected creditors about it, but no replies are received before the applicable deadline; or

  (c)   the debtor dies after giving the proposal to the Official Receiver but before a debt agreement is made on the basis of the proposal.

Note:   Section   185H deals with the making of a debt agreement.