Section 24: Duties of debtor as to discovery and realisation of property
(1) Every debtor against whom a receiving order is made shall, unless prevented by sickness or other sufficient cause, attend the first meeting of his creditors, and shall submit to such examination and give such information as the meeting may require.
(2) Every aforementioned debtor shall-
(a) give such inventory of his property, such list of his creditor and debtors and of the debts due to and from them respectively;
(b) submit to such examination in respect of his property or his creditors;
(c) attend such other meetings of his creditors;
(d) wait as such times on the Official Receiver, special manager or trustee;
(e) execute such powers of attorney, conveyances, deeds and instruments; and
(f) generally do all such acts and things in relation to his property and the distribution of the proceeds amongst his creditors, as may be reasonably required by the Official Receiver, special manager or trustee or as may be provided by this Act; or be prescribed or be directed by the Court by any special order or orders made in reference to any particular case or made on the occasion of any special application by the Official Receiver, special manager, trustee or any creditor or person interested.
(3) Every aforementioned debtor shall, if adjudged bankrupt aid to the utmost of his power in the realisation of his property and the distribution of the proceeds among his creditors.
(4) If such a debtor wilfully fails to perform the duties imposed on him by this section or to deliver up possession of any part of his property, which is divisable amongst his creditors under this Act which is for the time being in his possession or under his control, to the Official Receiver or to the trustee or to any person authorised by the court to take possession of it, he shall, in addition to any other punishment to which he may be subject, be guilty of a contempt of court and may be punished accordingly.
Cite this section
Section 24, BANKRUPTCY ACT (1979).
https://repo.podus.ai/laws/bankruptcy-act/section/24/