Hong Kong Ordinances

BANKRUPTCY ORDINANCE - SECT 20I

Effect where debtor an undischarged bankrupt

(1) Where the creditors' meeting summoned under section 20E approves the
proposed voluntary arrangement (with or without modifications) and the debtor
is an undischarged bankrupt, the court may-

   (a)  annul the bankruptcy order by which he was adjudged bankrupt; or

   (b)  give such directions with respect to the conduct of the bankruptcy and
        the administration of the bankrupt's estate as it thinks appropriate
        for facilitating the implementation of the approved voluntary 
        arrangement.

(2) The court shall not annul a bankruptcy order under subsection

(1)-

   (a)  at any time before the end of the period of 28 days beginning with the
        day on which the report of the creditors' meeting was made to the
        court under section 20G; or

   (b)  at any time when an application under section 20J, or an appeal in
        respect of such an application, is pending or at any time in the
        period within which such an appeal may be brought. (Added 76 of 1996
        s. 13)