Commonwealth Numbered Regulations

1991 No. 117 BANKRUPTCY RULES (AMENDMENT) - RULE 21

  21.1   Omit the rule, substitute:
Trustee's account of receipts and payments

"73. (1) Subject to subrule (2), for the purposes of subsection 175 (1) of the
Act, each of the following times is a prescribed time:

   (a)  in respect of a period starting on the date of the bankruptcy and
        ending 6 months after the end of the month in which that date
        occurs-the last day of the next month; and

   (b)  in respect of each successive period of 12 months-the last day of the
        next month.

"(2) Subrule (1) does not apply to the period during which the final dividend
in respect of the bankrupt's estate is distributed.
EXAMPLE Under subrules 73 (1) and (2), if a person becomes a bankrupt on 15
January 1992 and the final dividend in respect of his or her estate is
distributed on 14 January 1995, the trustee of the estate must give an account
of receipts and payments in respect of the estate on the following days:

   (a)  for the period from 15 January 1992 to 31 July 1992, on 31 August
        1992;

   (b)  for the period from 1 August 1992 to 31 July 1993, on 31 August 1993;

   (c)  for the period from 1 August 1993 to 31 July 1994, on 31 August 1994.
2. Under subsection 175 (1) of the Act, the trustee must give the final
account of receipts and payments in respect of the estate immediately after 14
January 1995.

"(3) For the purposes of paragraph 175 (1) (a) of the Act, the trustee's
account must be in accordance with Form 33.".