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Northern Irish Legislation

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IRISH BANKRUPT AND INSOLVENT ACT 1857 - SECT 255 

Annuity creditor admitted to prove.

255. Any annuity creditor of any bankrupt or insolvent, by whatever assurance
the same be secured, and whether there were or not any arrears of such annuity
due at the bankruptcy or insolvency, shall be entitled to prove or be admitted
as a creditor for the value of such annuity, which value the Court shall
ascertain, regard being had to the original price given for such annuity,
deducting therefrom such diminution in the value thereof as shall have been
caused by the lapse of time since the grant thereof to the filing of the
petition of bankruptcy or insolvency.][

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© 1857 Crown Copyright

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