Employment of Educators Act, 1998
R 385
Insolvency Act, 1936 (Act No. 24 of 1936)94. Form of plan of distribution |
A plan of distribution shall show in parallel columns under separate headings—
| (a) | every claim or the part of every claim against the estate in question which is secured or otherwise preferent; |
| (b) | every claim or the part of every claim against the estate which is unsecured and otherwise non-preferent; |
| (c) | the amount awarded under that plan and under any previous plan of distribution to every creditor of the estate; |
| (d) | the deficiency in respect of each claim; |
and shall make provision for the division of the proceeds of the property in the insolvent estate in the order of preference and in the manner set forth in sections ninety-five to one hundred and four inclusive.
