|Bankruptcy: public examination|
After issuing a receiving order and receiving a statement of affairs, the court must hold a public examination of the debtor's conduct, dealings and property. Notice of the examination is given to creditors, advertised and published in the London Gazette, creditors who have proved debts may question the debtor. The debtor is examined on oath and must answer even incriminating questions. However, if criminal proceedings are likely, the examination may postponed to prevent the debtor incriminating himself.
The court can also order a private examination.
|Reference: The Penguin Business Dictionary, 3rd edt.|