# The Federation of Maintained Schools (Wales) Regulations 2014, Paragraph 6: Bankruptcy

Extent: E+W

A person is disqualified from holding or continuing to hold office as a governor of a federation if—
(a) that person has been made bankrupt or sequestration of that person’s estate has been awarded and (in either case) that person has not been discharged and the bankruptcy order has not been annulled or rescinded or a moratorium period under a debt relief order applies in relation to that person; or
(b) that person has made a composition or arrangement with, or granted a trust deed for, that person’s creditors and has not been discharged in respect of it.

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Source: https://www.legislation.gov.uk/wsi/2014/1132/schedule/7/paragraph/6 (the official version)
Page: https://openlegislation.uk/federation-of-maintained-schools-wales-regulations-2014/schedule-7/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.