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StatuteBankruptcy Act 1966

Section 139EA — Bankruptcy Act 1966: Order relating to increase in value of property of natural person

Text of the provision Official document

If, on an application under section 139A for an order in relation to a respondent entity that is a natural person, the Court is satisfied that: (a) during the examinable period, the value of the entity’s interest in particular property increased as a direct or indirect result of financial contributions made by the bankrupt during that period; and (b) the bankrupt used, or derived (whether directly or indirectly) a benefit from, the property at a time or times during the examinable period; the Court may, by order, direct the entity to pay to the applicant a specified amount not exceeding the amount by which the value of the entity’s interest in the property increased as a result of the financial contributions made by the bankrupt.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.