Paragraph 4

For the purposes of these Regulations, an insolvency event takes place in relation to an individual where—

(a)

a bankruptcy order is made;

(b)

in Scotland, sequestration is awarded;

(c)

an interim receiver is appointed under section 286 of the 1986 Act or Article 259 of the 1989 Order on a bankruptcy petition;

(d)

an interim trustee is appointed under section 54 of the 2016 Act on a petition for sequestration;

(e)

a debt relief order is made under Part 7A of the 1986 Act^f1 or Part 7A of the 1989 Order^f2;

(f)

a voluntary arrangement takes effect under section 260 of the 1986 Act or Article 234 of the 1989 Order.

Annotations

f1: Part 7A of the 1986 Act was inserted by section 108(1) of, and Schedule 17 to, the Tribunals, Courts and Enforcement Act 2007 (c. 15).
f2: Part 7A of the 1989 Order was inserted by section 1 of the Debt Relief Act (Northern Ireland) 2010 (c. 16).