A section 73 bankruptcy annulment proposal must be lodged in writing with the trustee.
Pursuant to section 73(1) above it must set out the terms of the proposed composition or scheme of arrangement and any particulars of any sureties or securities.
The proposal should include the following information: (1) Where the funds are coming from; and (2) Particulars of any surety or security; and (3) An estimate of the amount of dividend that may be payable. Once drafted and lodged with the trustee, the trustee must call a meeting of creditors.