Insolvency Act

344. Application for entry to no-asset procedure

Edition: 2022-12-31 · In force

344. Application for entry to no-asset procedure

(1)A debtor who meets the criteria set out in section 345 may apply to the Official Receiver for entry to the no-asset procedure.

(2)A debtor can apply for entry to the no-asset procedure by completing the following documents and lodging them with the Official Receiver—

(a)an application in the form prescribed by the insolvency regulations for the purpose of this section; and

(b)a statement in the form so prescribed setting out the debtor's financial position.

(3)The Official Receiver may reject the debtor's application if the application or statement of the debtor's financial position is, in the Official Receiver's opinion, incorrect or incomplete.

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Source: Kenya Law