answersLogoWhite

0

Normally the trustee in bankcruptcy and the Courts have the final jurisdiction,unless it is a "voluntary" bankcruptcy where the rules are slightly different.

In the case of a creditor demanding to bankcrupt a client he would initially serve them with "A STATUTORY DEMAND" and this MUST BE ACCEPTED OR-CHALLENGED-and if it is left undefended then the matter usually progreses before the Courts ,however, the Judge may not grant an order if he is not satisfied with the writ/petition and may re-list the matter inviting the respondent to put forward a defence and or proposal.

In most Countries,like the UK,the discharge from bankcruptcy is usually over after 12 months.

The record remains on file ,however,for as long as ten years making it difficult to obtain credit.[Syed Amir]

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

These have the power to make rules for large industries and businesses that affect the public?

Regulatory commissions have the power to make rules for large industries and businesses that affect the public.


Have power to make rules for large industries and business that affect the public?

Regulatory commissions have the power to make rules for large industries and businesses that affect the public.


Who has the power to make rules and regulations to all territories belonging to the US?

Congress does


Does the government have the right or power to make an enforce rules?

It depends who are the people in the government


Who has the power to make rules for large industries and businesses that affect the public?

Government corporations


What is Regulatory Commision?

A type of independence agency that has the power to make rules and bring violators to court.


Would you choose a government with a lot of rules and a lot of power or a government with little rules and little power?

A government with little rules and little power


What rules did Queen Victoria make?

None; she had no power to make laws, although she (and subsequent monarchs) had the ceremonial power of final agreement to laws passed by Parliament (The Royal Assent).


Who has the power to make the rules for marriages?

Im not so very sure but i think it is the priest of the church or the government.


How does the Bill of Rights limit power?

By telling them what they can or can not make legal as far as laws or rules for the state or government


What are the rules of Power Poker?

The rules of Power Poker are similar to the rules of regular poker, depending on variation you are used to play. The website offers various tutorials on Power Poker that can teach you.


What was the position of the south with regard to slavery in the Kansas territory?

Congress did not have the power to make rules about slavery in the kansas territory.