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Northern Irish Legislation

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IRISH BANKRUPT AND INSOLVENT ACT 1857 - SECT 123

Proceedings in cases of a second petition against or by one or more members of a firm.

123. After a petition of bankruptcy filed against or by one or more member or
members of a firm, and upon any petition or petitions of bankruptcy against or
by any other member or members of such firm, or against the whole firm, all
the estate, real and personal, of such bankrupt or bankrupts, shall vest in
the [official assignee] and the creditors assignee (if any) under the first
petition; and thereafter all separate proceedings under such subsequent
petition or petitions shall, without affecting the validity of the first
petition, be annexed to and form part of the first petition.


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© 1857 Crown Copyright

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