ADVOKS GLOBAL · KENYA
Insolvency Act
339. Claims of creditors when summary instalment has effect
Edition: 2022-12-31 · In force
339. Claims of creditors when summary instalment has effect
(1)A creditor who has proved the creditor's debt to the satisfaction of the supervisor is entitled to be included as a creditor in the administration of the debtor's estate under the summary instalment order for the amount of the debt.(2)A creditor may object to the supervisor's acceptance or rejection of any creditor's claim by applying to the Official Receiver.(3)If a creditor objects under subsection (2), the Official Receiver may give any directions that the Official Receiver considers appropriate as to the acceptance or rejection of the claim.(4)A person who becomes a creditor of the debtor after the order has been made, and who proves a debt before the supervisor, may elect to be included in the administration of the debtor's estate.(5)If such a person so elects, the person may be paid a dividend under the order only after the creditors who became creditors of the debtor before the order was made and who have been included as a creditor in the administration have been paid under the order.