The realisation of funds usually comes from two main sources: the bankrupt's assets and the bankrupt's wages.

An insolvency practitioner appointed to realise a bankrupt's assets and pay distributions to creditors.

An Official Assignee is an officer in the law court who distributes a bankrupt's assets to the creditors.

The OR has responsibility from the date of the bankruptcy for administering the bankruptcy and protecting the bankrupt's assets.

Under the supervision of the Court, the OA will realise the bankrupt's assets and distribute the assets according to law among the bankrupt's creditors.

There is no time limit for the submission of proofs but a creditor who has not proved his debt cannot benefit from any distribution of the bankrupt's assets.

In administering the bankruptcy estate, IPTO realises the bankrupt's assets for the benefit of his creditors, adjudicates creditors' claims and pays out dividends to them.

Once a debtor is adjudicated bankrupt, bankruptcy law provides for the mandatory vesting of all of the bankrupt's assets and property in the Official Assignee (OA).

The bankrupt's assets (excluding tools of his trade and other essentials) vest in his trustee who is obliged to realise them (generally by selling them) to pay a dividend to creditors.