s 155 Claims of creditors and distribution of property
155.—(1) The Court may fix a date on or before which creditors are to prove their debts or claims, or after which those creditors are excluded from the benefit of any distribution made before those debts or claims are proved. (2) The Court must adjust the rights of the contributories among themselves and distribute any surplus among the persons entitled to the surplus. (3) The Court may, in the event the assets are insufficient to satisfy the liabilities, order the payment out of the assets of the costs, charges and expenses incurred in the winding up in such order of priority as the Court thinks fit.