Section 54E — Bankruptcy Act 1966: Enforcement suspended during stay period

(1) Where, during the stay period in relation to a declaration of intention presented by a debtor, a copy of the declaration signed by the Official Receiver who accepted it is produced to a creditor to whom the debtor owes a frozen debt, subsection (2) has effect throughout the remainder of that period. (2) It is not competent for the creditor: (a) to apply for the issue of enforcement process in respect of the debt; or (b) to enforce a remedy against the debtor’s person or property in respect of the debt. (3) Nothing in this section prevents a creditor from commencing a legal proceeding in respect of a debt, or from taking a fresh step in such a proceeding otherwise than in connection with enforcing a judgment.