Bankruptcy

The law of bankruptcy in New Zealand, although generally similar to that of England, differs in details. Among the principal deviations are that the Official Assignee combines functions performed by the official receiver and the trustee in England, and that an immediate adjudication of a debtor as bankrupt is sought following a bankruptcy petition, the English receiving order procedure being unknown. The bankruptcy law has been little altered since 1893 and a badly needed revision is in progress.