Section 145

Any creditor in any bankruptcy, composition or arrangement with creditors shall be guilty of an offence if he makes any claim, proof, declaration or statement of account which is untrue in any material particular unless he satisfies the court that he had no intent to defraud.

A creditor shall be guilty of an offence if he obtains or receives any money, property or security from any person as an inducement for forbearing to oppose, or for consenting to, the discharge of a bankrupt.

A person shall be guilty of an offence if he, knowing that a bankruptcy order has been made against a debtor, removes, conceals, receives or otherwise deals with or disposes of any part of the property of the debtor, with intent to defeat the order.

Fines imposed and levied under this section shall be deemed to be part of the property of the bankrupt and shall vest in the Official Assignee.