Section 33 is a new provision. It requires a bankrupt partner to deliver to the official assignee a separate statement of affairs in respect of the partnership. This statement of affairs will be separate from and in addition to the bankrupt's personal statement of affairs which he is required by section 19(c) to deliver to the official assignee.
This provision is intended to assist the official assignee in assessing the value of a partner's share in the partnership property where he alone is adjudicated. It is in addition to the existing practice whereby, when all the partners of a firm are adjudicated, the partners submit a joint statement of affairs in respect of the partnership and each partner submits a statement of his separate affairs. The committee recommended the continuance of this practice also.