Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
Notices to parties interested in the estate as creditors or otherwise
Debtor & Creditor (DCD) CHAPTER 12, ARTICLE 2
§ 12. Notices to parties interested in the estate as creditors or
otherwise. Parties interested in the estate as creditors, or parties
otherwise interested, if the judge so directs, shall have at least ten
days' notice by mail to their respective addresses as they appear in the
schedule filed by the assignor, or at such other addresses as they shall
have filed with the assignee, of (a) all proposed sales of property, (b)
the declaration and time of payment of dividends, (c) the filing of the
interim account and the filing of the final account of the assignee and
of the hearing thereon, (d) the proposed compromise of any controversy.
Such notice may be published as the judge shall direct and must be
returnable in court.

The judge may cause such notices to be sent or published on the
petition of the assignee at any time after the assignment, or on
petition of any other person interested in the estate, at any time after
the lapse of sixty days from the filing of such assignment, or where an
assignee has been removed and ordered to account as hereinbefore
provided on the petition of a creditor, or an assignee's surety, or
assignor, and on good cause being shown, the judge may grant an order
directing the assignee to show cause at the time specified why a sale of
the property should not be had or a dividend should not be paid, or a
settlement of his account should not be had, or such other matters as in
the opinion of the judge should be disposed of.

Upon the hearing and determination of such order to show cause the
judge may make such order in the premises as justice requires.

Whenever the assignee has filed his final account the judge shall fix
a date for the final hearing to consider the judicial settlement of the
account, which date shall not be less than fifteen days following the
filing of the account and notices shall be given to the creditors as
provided in this section.