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SWAHILI
ENGLISH
RITA
THE UNITED REPUBLIC OF TANZANIA
Registration Insolvency and Trusteeship Agency
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eRITA
INSOLVENCY
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Bankruptcy
`
Bankruptcy
FRANK KANYUSI FRANK
Administrator General And Chief Executive Officer
Debtors petition
A debtor files a Statement of Affairs with Official Receiver prior filing petition in court.
Official Receiver issues certificate and files it with the court.
Courts make a Receiving Order and the Official Receiver is appointed Receiver.
The Official Receiver proceeds under
the Bankruptcy Act, Cap 25 R.E 2002
and Bankruptcy Rules to liquidate the debtors Estate.
Creditors Petition
Creditors petition the court to have the Receiving Order made in respect of the debtors estate.
Official Receiver issues certificate and files it with the court.
Courts make a Receiving Order and the Official Receiver is appointed Receiver.
The Official Receiver proceeds under
the Bankruptcy Act, Cap 25 R.E 2002
and Bankruptcy Rules to liquidate the debtors Estate.
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Governing
Legislation
The Births and Deaths Registration Act (Cap.108.R.E.2002)
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