Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) After the expiration of 20 years from the date on which a person became a bankrupt, a claim shall not be made by the trustee in the bankruptcy to any property of the bankrupt, and that property shall, subject to the rights, if any, of a person other than the trustee in respect of the property, be deemed to be vested in the bankrupt, or a person claiming through or under him or her, as the case may be.
(2) An action under subsection 118(9) with respect to a charge or charging order shall not be commenced by the trustee of the estate of a bankrupt after the expiration of 6 years from the date on which the bankrupt became a bankrupt.
(3) An action under section 120 with respect to a transfer shall not be commenced by the trustee of the estate of a bankrupt after the expiration of 6 years from the date on which the bankrupt became a bankrupt.
(4) An action under section 121 with respect to a transfer of property may be commenced by the trustee of the estate of a bankrupt at any time.
(5) An action under section 122 with respect to a
transfer of property shall not be commenced by the trustee of the estate of a
bankrupt after the expiration of 6 years from the date on which the bankrupt
became a bankrupt.