Section 141 — Bankruptcy Act 1966 (Cth)

Where one partner of a firm becomes bankrupt, a creditor to whom the bankrupt is indebted jointly with the other partners of the firm or any of them shall not receive a dividend out of the separate property of the bankrupt until all the separate creditors have received the full amount of their respective debts.

Related sections

• s 139ZV — Enforcement of order
• s 139ZW — Definitions
• s 140 — Declaration and distribution of dividends
• s 142 — Apportionment of expenses of administration of joint and separate estates
• s 143 — Provision to be made for creditors residing at a distance etc.
• s 144 — Right of creditor who has not proved debt before declaration of dividend

Research how courts apply s 141

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