Section 52 of Insolvency Act CAP 53: Official Receiver to convene first meeting of creditors

    

(1) The Official Receiver shall, subject to subsection (5), convene the first meeting of the bankrupt's creditors within the prescribed period, unless the Official Receiver decides, in accordance with section 53, not to hold the meeting.
(2) The Official Receiver shall convene the meeting by giving notice of the time, date and place of the meeting to— (a) the bankrupt;
(b) each creditor named in the statement of the bankrupt's financial position; and
(c) any other creditors known to the bankruptcy trustee, a notice advertising the time, date and place of the meeting.
(3) The Official Receiver shall publish a notice advertising the time, date and place of the meeting—
(a) in one or more newspapers circulating generally in Kenya; and
(b) in such other publications as the Official Receiver considers appropriate.
(4) For the purpose of subsection (1), the prescribed period is—
(a) thirty days after the statement of the bankrupt's financial position is lodged Receiver; or
(b) if the bankrupt is late in lodging the statement or fails to lodge a statement at all, thirty days after the date on which the bankruptcy order was made.
(5) The Official Receiver may delay convening the first meeting of creditors for a period not exceeding fourteen days if the Official Receiver considers that there are special circumstances justifying the delay.


Disclaimer: This document is not to be taken as legal advise.

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