THE NEW BANKRUPTCY ACT.
Writing upon the new Bankruptcy Ad the New Zealand Times says; There is one clause—the last of all—which has not hitherto received the attention it deserves, and is of a very important character. Referring to the repeal of previous Acts, it provides that “ all estates and persons brought under the operation of the said repealed Acts or any of them before the commencement of this Act shall be subject to the provisions of the said Acts as if the same had not been repealed, or may, if so ordered by the Court, be dealt with under the provisions of this Act.” This may be necessary, but it is certainly open to the objection of being ex post facto legislation. Under this clause, the Court may, if it thinks fit, deal with a bankrupt or his estate under the new Act, even though (he bankruptcy was filed before the Ist January, or even before the new-Apt was passed. Those whose estates, therefore, were sequestrated some months ago may not be of necessity out-of the clutches of the Court, unless, indeed, they have already obtained their certificates.
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Patea Mail, Volume IX, Issue 1135, 7 January 1884, Page 2
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189THE NEW BANKRUPTCY ACT. Patea Mail, Volume IX, Issue 1135, 7 January 1884, Page 2
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