ADVOKS GLOBAL · KENYA
Insolvency Act
167. Bankruptcy trustee may allow bankrupt to retain money
Edition: 2022-12-31 · In force
167. Bankruptcy trustee may allow bankrupt to retain money
(1)The bankruptcy trustee may allow the bankrupt to retain, for the immediate maintenance of the bankrupt and the bankrupt's relatives and dependants, money up to the prescribed limit that the bankrupt has in the bankrupt's possession or in a bank account when the bankruptcy commenced.(2)For the purpose of subsection (1), the prescribed limit is one hundred thousand shillings or, if a greater amount is prescribed by the insolvency regulations for the purposes of this section, that amount.Division 17 — Powers of bankruptcy trustee and the Court to examine bankrupt and others
Subdivision 1 — Examination by bankruptcy trustee