LAWS 4270 - REVISION

WHICH COURT APPLY FOR BANKRUPCTY PROCEEDINGS?

• FOOD COURT

• FEDERAL COURT

• APPEAL COURT

• HIGH COURT

WHICH FORM IS REQUIRED AS A LEAVE FOR THE ISSUANCE OF BANKRUPTCY NOTICE?

• FORM 34

• FORM 36

• FORM 35

• FORM 33

BANKRUPCTY AND INSOLVENCY IS THE SAME

• TRUE

• FALSE

• MORE A LESS

BANKRUPTCY NOTICE IS BASED ON WHICH FORM?

• FORM 32

• FORM 33

• FORM 34

• FORM 35

IS THERE A NEED FOR A LEAVE FOR THE ISSUANCE OF BANKRUPCTY NOTICE?

• YES

• NO

WHICH PARTY (IES) CAN INITIATE BANKRUPTCY PROCEEDINGS?

• JC

• JD

• PLAINTIFF

• DEFENDANT

HOW TO SERVE BANKRUPTCY NOTICE?

• BY POST

• BY A.R. REGISTERED POST

• BY COURIER

• BY PERSONAL SERVICE/ HAND

CAN YOU PROCEED WITH CREDITOR'S PETITION WITHOUT BN?

• YES

• NO

JUDGMENT/ ORDER WILL LAST FOREVER - WE CAN INITIATE BANKRUPCTY PROCEEDING WHENEVER

• FALSE

• WHY NOT

• TRUE

WHAT IS THE AUTHORITY FOR "ACT OF BANKRUPCTY"?

• SECTION 3 IA

• SECTION 2 IA

• RULE 3 IR

• RULE 2 IR