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Section 155 Bankruptcy restrictions orderI1

(1)

Where sequestration of a living debtor's estate is awarded, an order (to be known as a “bankruptcy restrictions order”) in respect of the debtor may be made—

(a)

by AiB, or

(b)

on the application of AiB, by the sheriff.

(2)

If AiB proposes to make a bankruptcy restrictions order, AiB must so notify the debtor.

(3)

A notice under subsection (2) must inform the debtor that the debtor has a right to make representations to AiB in relation to the proposed bankruptcy restrictions order.

(4)

Before making a bankruptcy restrictions order, AiB must take into account any representations made by the debtor.

Annotations

Commencement

I1

S. 155 in force at 30.11.2016 by S.S.I. 2016/294, reg. 2