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Committee calls for separate court to deal with bankruptcy matters

Published:Friday | March 21, 2014 | 10:13 AM

Members of a joint select committee of Parliament reviewing the Bankruptcy and Insolvency Act have called for the government to move to establish a separate court to deal with bankruptcy matters.



During discussions at the committee yesterday it was disclosed that it can take up to 10 years for bankruptcy cases to be resolved in the courts.



And committee members said there needed to be a shift in this approach.



Trustee in Bankruptcy, Celia Barclay, who made a presentation to the committee, said the current bankruptcy law makes provision for a separate bankruptcy court.

However, she said that provision is not being utilised.



Committee member Alexander Williams, who is also an attorney, said he does not believe the new legislation will be effective if the adjudication of bankruptcy cases is not looked at.



For his part, Justice Minister Senator Mark Golding said having a separate court to deal with bankruptcy cases would be ideal.



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