The following applies if a contributory becomes bankrupt, either before or after he has been placed on the list of contributories.
His trustee in bankruptcy represents him for all purposes of the winding up, and is a contributory accordingly.
The trustee may be called on to admit to proof against the bankrupt's estate, or otherwise allow to be paid out of the bankrupt's assets in due course of law, any money due from the bankrupt in respect of his liability to contribute to the company's assets.
There may be proved against the bankrupt's estate the estimated value of his liability to future calls as well as calls already made.