s 108
In forceDebts proved to rank equally except as otherwise provided
Part VIAdministration of property
Division 2Order of payment of debts
Subdivision AGeneral
108 Debts proved to rank equally except as otherwise provided
Except as otherwise provided by this Act, all debts proved in a bankruptcy rank equally and, if the proceeds of the property of the bankrupt are insufficient to meet them in full, they shall be paid proportionately.
Note:
The rules under this Subdivision for payments of debts can be affected by proceeds of crime orders and applications for proceeds of crime orders: see Subdivision B.
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