New Zealand Legislation: Acts

29 Form of bankruptcy notice

• (1) The bankruptcy notice must—

  • (a) be in the prescribed form; and

  • (b) require the debtor, in relation to the judgment debt or the sum ordered to be paid under a final order,—

    • (i) to pay the amount owing, plus costs; or

    • (ii) to give security for the amount owing that satisfies the court or the creditor; or

    • (iii) to compromise the amount owing on terms that satisfy the court or the creditor; and

  • (c) state what are the consequences if the debtor does not comply with the notice; and

  • (d) be served on the debtor in the prescribed manner.

  (2) The bankruptcy notice may name an agent to act on behalf of the creditor in so far as the notice requires—

  • (a) any payment to be made to the creditor; or

  • (b) any other step to be taken that involves the creditor.

  (3) In this section,—

  • (a) creditor includes a person entitled to enforce a final judgment or final order; and

  • (b) final order includes an arbitration award that the debtor pay money to the creditor, if the court has given permission to enforce the award.

  Compare: 1967 No 54 ss 19(2), 20(a)