Cap 6E - PROOF OF DEBTS RULES

(b) a receiving order or adjudication in bankruptcy has been made,under the Ordinance, then the principal Rules as they existed before being amended by theseRules continue to apply to proceedings in respect of such a petition, receiving order oradjudication in bankruptcy."2. L.N. 85 of 1998 came into operation on 1 April 1998.Rule: 19 L.N. 163 of 1998 01/04/1998PERIODICAL PAYMENTSWhen any rent or other payment falls due at stated periods and the bankruptcy order is made at any time otherthan one of those periods, the person entitled to the rent or payment may prove for a proportionate part thereof up tothe date of the order as if the rent or payment became due from day to day.(L.N. 85 of 1998)___________________________________________________________________Notes:1. Please see the transitional provisions contained in s. 8 of L.N. 85 of 1998, which section is reproducedas follows:"8. TransitionalWhere before these Rules come into operation-(a) a petition in bankruptcy has been presented; or(b) a receiving order or adjudication in bankruptcy has been made,under the Ordinance, then the principal Rules as they existed before being amended by theseRules continue to apply to proceedings in respect of such a petition, receiving order oradjudication in bankruptcy."2. L.N. 85 of 1998 came into operation on 1 April 1998.Rule: 20 L.N. 129 of 2007;L.N. 185 of 200710/12/2007On any debt or sum certain, payable at a certain time or otherwise, whereon interest is not reserved or agreed andwhich is overdue at the date of the bankruptcy order and provable in bankruptcy, the creditor may prove for interest atthe rate determined under section 49(1)(b) of the High Court Ordinance (Cap 4) that is in effect on the date of thebankruptcy order to the date of the order from the time when the debt or sum was payable, if the debt or sum ispayable by virtue of a written instrument at a certain time, and if payable otherwise, then from the time when ademand in writing has been made giving the debtor notice that interest will be claimed from the date of the demanduntil the time of payment.(L.N. 85 of 1998; L.N. 129 of 2007)Rule: 21 L.N. 163 of 1998 01/04/1998INTERESTDebt payable at a future timeA creditor may prove for a debt not payable on the date of the bankruptcy order as if it were payable presently,and may receive dividends equally with the other creditors, deducting only thereout a rebate of interest at the rate of 5per cent per annum computed from the declaration of a dividend to the time when the debt would have becomepayable, according to the terms on which it was contracted.(L.N. 85 of 1998)___________________________________________________________________Notes:1. Please see the transitional provisions contained in s. 8 of L.N. 85 of 1998, which section is reproducedas follows:Cap 6E - PROOF OF DEBTS RULES 6