Ex parte Driemeyer 1967

Ex parte Driemeyer 1967 (2) SA 546 (N)

Sec 124(5) Rehabilitation - Confirmation of L&D Account Required.

550C-G: Thus it seems to me, one of the objects of providing that the application contemplated by sec 124(5) should be made after the confirmation op the plan of distribution referred to was to give unproven creditors an opportunity of proving or seeking to prove their claims before the plan of distribution is confirmed by the Master. To allow an insolvent to take advantage of the provisions of sec. 124(5) where no plan of distribution such as is referred to has ever been filed would in my view open the door to abuse.

 

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