OpenLegislation

Insolvency Act 1986 in Scotland

1986 c. 45 · Enacted 25 July 1986 · Extends to United Kingdom

Not fully up to date. 6 changes made by later legislation have not yet been written into this text, which is revised to 1 October 2026.

See the changes not yet applied
ProvisionChangeMade by
s. 264(1)(d) and wordrepealedCriminal Justice Act 1988 Sch. 16
s. 282repealedCriminal Justice Act 1988 Sch. 16
s. 297(1)repealedCriminal Justice Act 1988 Sch. 16
Sch. 10entries repealedCompanies Act 1989 Sch. 24
Sch. 6 para. 13(2)(za)insertedEmployment Rights Act 2025 Sch. 2 para. 1
Actsavings and transitional provisions for amendments by S.I. 2022/1166Renting Homes (Wales) Act 2016 (Saving and Transitional Provisions) 2022 Regulations

I1C1C2C3C4C5C6C7C8C9C10C11C12C13C14C15C16C17C18C19C20C21C22C23C24C25An Act to consolidate the enactments relating to company insolvency and winding up (including the winding up of companies that are not insolvent, and of unregistered companies); enactments relating to the insolvency and bankruptcy of individuals; and other enactments bearing on those two subject matters, including the functions and qualification of insolvency practitioners, the public administration of insolvency, the penalisation and redress of malpractice and wrongdoing, and the avoidance of certain transactions at an undervalue

[25th July 1986]

Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—C26C27C28C29C30C31C32C33C34C35C36C37C38C39C40C41C42C43C44C45C46C47C48C49C50C51C52

Annotations to the whole text

Modifications

C1

Act amended by Social Security Pensions Act 1975 (c. 60), s. 59D(3) (as inserted by Social Security Act 1990 (c. 27), s. 12(1), Sch. 3)

Act amended (25.4.1991) by Companies Act 1989 (c. 40), ss. 154, 155, 158(1), 174(1), 190(6); S.I. 1991/878, art. 2, Sch. (with art. 3(4))

Act amended (29.6.1992) by Social Security Pensions Act 1975 (c. 60), s. 58B(5) (as inserted (29.6.1992) by Social Security Act 1990 (c. 27), s. 14, Sch. 4 Pt. I para. 2; S.I. 1992/1532, art. 2)

Act amended (1.4.1994) by 1993 c. 43, ss. 59(3), 150(1)(c), Sch. 6 Pt. III para. 20(1)-(3); S.I. 1994/571, art. 5 (with transitional provision in art. 7)

Act (except ss. 8-10, 24-26) amended (1.2.2001) by 2000 c. 38, s. 30, Sch. 1 Pt. II para. 13(1)(3) (with ss. 105(2)(5), 106); S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to transitional provision and saving in Sch. 2 Pt. II)

Act amended (1.2.2001) by 2000 c. 38, s. 30, Sch. 1 Pt. II para. 13(2)(3) (with ss. 105(2)(5), 106); S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to transitional provision and saving in Sch. 2 Pt. II)

Act amended (30.12.2002) by 2002 c. 29, s. 311(4); S.I. 2002/3015, art. 2(1), Sch.

C2

Act restricted (E.W.S.) by Drug Trafficking Offences Act 1986 (c. 32), s. 15(3)(7)

Act restricted (25.4.1991) by Companies Act 1989 (c. 40), s. 182(4), Sch. 22 para. 4(2); S.I. 1991/878, art. 2, Sch.

Act restricted (3.2.1995) by 1994 c. 37, ss. 32(4), 69(2), Sch. 2 para. 5 (with s. 66(2))

Act restricted (31.3.1996) by 1995 c. 20, s. 110(1), Sch. 4 para. 2(4); S.I. 1996/517, art. 3(2) (subject to arts. 4-6, Sch. 2)

Act restricted (1.4.1996) by 1995 c. 43, ss. 44, 50(2), Sch. 2 para. 2(4)

Act restricted (6.4.1996 for certain purposes and 6.4.1997 otherwise) by 1995 c. 26, s. 75(8)(a) (with s. 121(5)); S.I. 1996/778, art. 2(5)(a), Sch. Pt. V; S.I. 1997/664, art. 2(3), Sch. Pt. II (with transitional adaptations, modifications and savings in arts. 3-14)

Act restricted (7.10.1996) by 1992 c. 5, ss. 71(10A), 78(3A) (as inserted by 1995 c. 18, s. 32; S.I. 1996/2208, art. 2)

Act restricted (S.) (1.11.2001) by 2001 asp 10, s. 63, Sch. 7 paras. 9(4), 10(6); S.S.I. 2001/336, art. 2(3), Sch. Pt. II (subject to transitional provisions and savings in art. 3)

Act restricted (24.3.2003) by 2002 c. 29, ss. 417(4), 458(1)(3); S.I. 2003/333, art. 2, Sch. (subject to transitional provisions and savings in arts. 3-13 (as amended by S.I. 2003/531, arts. 3, 4))

C3

Act excluded (E.W.S.) by Drug Trafficking Offences Act 1986 (c. 32), ss. 15(5)( a )(7), 17(3)

Act excluded by Criminal Justice (Scotland) Act 1987 (c. 41), ss. 30(6), 34(3)(4), 35(3), 36(3), 47(4)(a)

Act excluded (E.W.) by Dartford-Thurrock Crossing Act 1988 (c. 20), ss. 15(4), 19

Act excluded by Criminal Justice Act 1988 (c. 33), ss. 84(3), 86(3), 123, Sch. 8 para. 16

Act excluded by Social Security Act 1989 (c. 24), s. 22, Sch. 4 Pt. II para. 8(1)

Act excluded (25.4.1991) by Companies Act 1989 (c. 40), ss. 154, 155, 159(2), 180(2); S.I. 1991/878, art. 2, Sch.

Act excluded (13.2.1992) by Severn Bridges Act 1992 (c. 3), s. 20(4)

Act excluded (1.7.1992) by Social Security Administration Act 1992 (c. 5), ss. 89(1), 93(1), 192(4) (with s. 89(1))

Act excluded (31.10.1994) by 1994 c. 21, s. 29(2) (with s. 40(7)); S.I. 1994/2552, art. 2, Sch. 1

Act excluded (3.2.1995) by 1994 c. 37, ss. 32(2), 34(2), 69(2), Sch. 2 para. 5 (with s. 66(2))

Act excluded (31.3.1996) by 1995 c. 20, s. 110(1), Sch. 4 paras. 2(3), 3(3), 4(3); S.I. 1996/517, art. 3(2) (subject to arts. 4-6, Sch. 2)

Act excluded (1.4.1996) by 1995 c. 43, ss. 44, 50(2), Sch. 2 paras. 2(3), 3(3), 4(3)

Act excluded (1.10.1996) by 1996 c. 52, s. 7, Sch. 1 Pt. II para. 15(2); S.I. 1996/2402, art. 3 (subject to transitional provisions and savings in Sch.)

Act excluded (E.W.S.) (11.12.1999) by S.I. 1999/2979, reg. 14(2)

Act excluded (E.W.) (1.9.2001) by 2001 c. 17, s. 38, Sch. 6 paras. 9(3), 11(3) (with s. 78); S.I. 2001/2161, art. 2

Act excluded (S.) (1.11.2001) by 2001 asp 10, s. 63, Sch. 7 para. 12(3); S.S.I. 2001/336, art. 2(3), Sch. Pt. II (subject to transitional provisions and savings in art. 3)

Act excluded (S.) (17.12.2001) by 2001 asp 13, s. 20(b), Sch. 6 paras. 9(3), 10(5); S.S.I. 2001/456, art. 2

Act excluded (24.3.2003) by 2002 c. 29, ss. 418(4), 426(7), 430(7), 458(1)(3); S.I. 2003/333, art. 2, Sch. (subject to transitional provisions and savings in arts. 3-13 (as amended by S.I. 2003/531, arts. 3, 4))

C4

Act modified by Financial Services Act 1986 (c. 60), s. 72(4)

Act modified by S.I. 1986/2142, arts. 1(2), 3(a), 15

Act modified by S.I. 1989/638, regs. 8(1), 21

Act modified (7.2.1994) by 1993 c. 48, ss. 144(7)(a), 147(3) (with s. 6(8)); S.I. 1994/86, art. 2

Act modified (31.10.1994) by 1994 c. 21, s. 36(1) (with s. 40(7)); S.I. 1994/2553, art. 2

Act modified (S.) (1.11.2001) by 2001 asp 10, s. 63, Sch. 7 para. 11; S.S.I. 2001/336, art. 2(3), Sch. Pt. II (subject to transitional provisions and savings in art. 3)

Act modified (E.W.S.) (5.10.2004) by Energy Act 2004 (c. 20), ss. 159, 198, Sch. 20 paras. 41, 42; S.I. 2004/2575, art. 2(1), Sch. 1

Act modified (E.W.) (1.10.2005) by The Energy Administration Rules 2005 (S.I. 2005/2483), rules 3, 184

Act modified (S.) (6.4.2006) by The Energy Administration (Scotland) Rules 2006 (S.I. 2006/772), rules 3, 68

C5

Act applied (with modifications) by S.I. 1986/2142, arts. 1(2), 8(1)(b)(2), 13(3)(4)(6), 15, Sch. 2

Act applied (with modifications) (6.1.1997) by S.I. 1996/2827, reg. 25(1)-(4)

Act applied (with modifications) (1.12.2001) by S.I. 2001/1228, regs. 1(2), 31(1) (with reg. 1(3)); S.I. 2001/3538, art. 2(1)

Act applied (1.12.2001) by 2000 c. 8, s. 367(7); S.I. 2001/3538, art. 2(1)

C6

Act extended by Banking Act 1987 (c. 22), s. 92(2)

Act extended (E.W.) by Water Act 1989 (c. 15), s. 23, Sch. 6 Pt. II para. 11(1)(2)(3) (with ss. 58(7), 101(1), 141(6), 160(1)(2)(4), 163, 189(4)?(10), 190, 193(1), Sch. 26 paras. 3(1)(2), 17, 40(4), 57(6), 58)

Act extended (E.W.) (1.12.1991) by Water Industry Act 1991 (c. 56), ss. 23(3), 223(2), Sch. 3 Pt. II paras.11(1)-(3), 12(2) ( with ss. 82(3), 186(1), 222(1), Sch. 14 para. 6).

Act (except s. 413, Sch. 7) extended (E.W.) (1.1.1992) by S.I. 1991/2684, arts. 2(1), 4, Sch.1.

Act extended (1.10.1996) by 1996 c. 52. s. 7, Sch. 1 Pt. II para. 14(1); S.I. 1996/2402, art. 3 (subject to transitional provisions and savings in Sch.)

Act (except ss. 8-10, 24-26) extended (15.7.2003) by 1999 c. 29, s. 220(3), Sch. 14 Pt. III para. 20; S.I. 2003/1920, art. 2

C7

Act: power to modify conferred (2.4.2001) by 2000 c. 39, s. 7(2); S.I. 2001/776, art. 2(1)(a) (subject to transitional provisions in art. 3)

Act: power to apply (with modifications) conferred (E.W.S.) (15.9.2003) by 2002 c. 40, ss. 254(1), 279 (with s. 249(6)); S.I. 2003/2093, art. 2(1), Sch. 1 (subject to arts. 3-8 (as amended by S.I. 2003/2332, art. 2))

Act: power to amend conferred (E.W.) (1.4.2004) by 2002 c. 40, ss. 264(2), 279 (with s. 249(6)); S.I. 2003/2093, art. 2(2), Sch. 2 (subject to arts. 3-8 (as amended by S.I. 2003/2332, art. 2))

C8

Act modified (1.8.2007) by The European Grouping of Territorial Cooperation Regulations 2007 (S.I. 2007/1949), reg. 7, Sch. Pt. 2

C9

Act applied (with modifications) (6.4.2008) by Serious Crime Act 2007 (c. 27), ss. 27(2)-(4), 94; S.I. 2008/755, art. 15(1)(f) (as amended (2.2.2026 for specified purposes) by Border Security, Asylum and Immigration Act 2025 (c. 31), ss. 57(4)(b), 65(1); S.I. 2026/59, reg. 2(g))

C10

Act applied in part (with modifications) (8.10.2008 at 12.15 p.m.) by The Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008 (S.I. 2008/2674), Pt. 5 (arts. 19-27)

C11

Act applied in part (with modifications) (7.10.2008 at 9.30 a.m.) by The Heritable Bank plc Transfer of Certain Rights and Liabilities Order 2008 (S.I. 2008/2644), Pt. 4 (arts. 18-25)

C12

Act excluded (26.1.2009) by 1998 c. 17 s. 38A(6) (as inserted by Energy Act 2008 (c. 32), ss. 74(1), 110; S.I. 2009/45, art. 2(b)(i))

C13

Act excluded (6.4.2009) by Energy Act 2008 (c. 32), ss. 56(5), 110; S.I. 2009/45, art. 4(b)(i)

C14

Act excluded (E.W.) (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), ss. 167(5)(b), 325; S.I. 2010/862, art. 2 (with Sch.)

C15

Act: power to amend conferred (17.2.2009 for certain purposes, otherwise 21.02.2009) by Banking Act 2009 (c. 1), s. 158(2)(b) (with s. 247); S.I. 2009/296, arts. 2, 3, Sch.

C16

Act: power to amend conferred (17.2.2009 for certain purposes, otherwise 21.02.2009) by Banking Act 2009 (c. 1), s. 159(2)(b) (with s. 247); S.I. 2009/296, arts. 2, 3, Sch.

C17

Act applied in part by S.I. 1989/638, reg. 19 (as amended (1.10.2009) by The European Economic Interest Grouping (Amendment) Regulations 2009 (S.I. 2009/2399), reg. 20 (with reg. 2))

C18

Act applied (1.11.2009) by The Water Industry (Special Administration) Rules 2009 (S.I. 2009/2477), rule 102 (with rules 3(2), 4)

C19

Act applied (with modifications) (23.11.2009) by The Scottish and Northern Ireland Banknote Regulations 2009 (S.I. 2009/3056), reg. 29, Sch. 1 para. 2

C20

Act: power to modify conferred (E.W.) (1.10.2010 for specified purposes) by Flood and Water Management Act 2010 (c. 29), ss. 34, 49(3), Sch. 5 para. 3 (with s. 49(1)(6)); S.I. 2010/2169, art. 4, Sch.

C21

Act applied (with modifications) (8.2.2011) by The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245), regs. 8(7), 9, 15, 16-21, 24, 25, Schs. 1-4 (as amended (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 198(i)(n) (with Sch. 2 para. 213); (7.4.2017) by The Deregulation Act 2015, the Small Business, Enterprise and Employment Act 2015 and the Insolvency (Amendment) Act (Northern Ireland) 2016 (Consequential Amendments and Transitional Provisions) Regulations 2017 (S.I. 2017/400), reg. 10); (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), reg. 1, Sch. para. 36(4) (with regs. 7(4), 9(1)); and (13.3.2018) by The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2018 (S.I. 2018/208), reg. 13)

C22

Act modified (30.6.2011) by The Investment Bank Special Administration (England and Wales) Rules 2011 (S.I. 2011/1301), rule 334 (with rule 5(2))

C23

Act modified (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 73, 93(2)(3), Sch. 10 paras. 40, 41; S.I. 2011/2329, art. 3 (with arts. 4, 5)

C24

Act: power to modify conferred (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 73, 93(2)(3), Sch. 10 para. 46; S.I. 2011/2329, art. 3 (with arts. 4, 5)

C25

Act applied in part (with modifications) (23.12.2011) by The Legal Services Act 2007 (Designation as a Licensing Authority) (No. 2) Order 2011 (S.I. 2011/2866), art. 8(1), Sch. 2

C26

Act excluded (S.) (1.4.2012) by Housing (Scotland) Act 2010 (asp 17), ss. 106(7)(b), 166(2); S.S.I. 2012/39, art. 2, sch. 1 (with sch. 2) (as amended (1.4.2012) by S.S.I. 2012/91, art. 4)

C27

Act modified (7.6.2013) by The Energy Supply Company Administration Rules 2013 (S.I. 2013/1046), rules 1, 205(2)-(4) (with rules 3, 208)

C28

Act modified (31.1.2014) by The Postal Administration Rules 2013 (S.I. 2013/3208), rule 206 (with rules 3, 210)

C29

Act excluded (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 217

C30

Act applied (with modifications) (31.7.2015) by The European Grouping of Territorial Cooperation Regulations 2015 (S.I. 2015/1493), reg. 8(2) (with reg. 11)

C31

Act: power to apply (with or without modifications) conferred by 2007 c. 27, s. 27A(7) (as inserted (1.3.2016) by Serious Crime Act 2015 (c. 9), s. 88(1), Sch. 1 para. 20; S.I. 2016/148, reg. 3(f))

C32

Act applied by 2007 c. 27, s. 27A(2) (as inserted (1.3.2016) by Serious Crime Act 2015 (c. 9), s. 88(1), Sch. 1 para. 20; S.I. 2016/148, reg. 3(f))

C33

Act modified by The Insolvent Partnerships Order 1994 (S.I. 1994/2421), Sch. 4 (as amended (6.4.2017) by The Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) (Savings) Regulations 2017 (S.I. 2017/540), Sch. 2 para. 8 (with reg. 4))

C34

Act modified by The Insolvent Partnerships Order 1994 (S.I. 1994/2421), Sch. 7 (as amended (6.4.2017) by The Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) (Savings) Regulations 2017 (S.I. 2017/540), Sch. 2 para. 9 (with reg. 4))

C35

Act applied (with modifications) (6.6.2013) by The Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 (S.I. 2013/1388), reg. 1, Sch. 2 (with reg. 24) (as amended (7.4.2017) by The Deregulation Act 2015, the Small Business, Enterprise and Employment Act 2015 and the Insolvency (Amendment) Act (Northern Ireland) 2016 (Consequential Amendments and Transitional Provisions) Regulations 2017 (S.I. 2017/400), reg. 11(2); and (13.3.2018) by The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2018 (S.I. 2018/208), regs. 1(3), 14)

C36

Act modified by 1986 c. 46, s. 22H(4)(g) (as inserted (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), reg. 1(2), Sch. 4 para. 3 (with reg. 189))

C37

Act applied (with modifications) (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), regs. 1(2), 166(2), 167(2), Sch. 2, Sch. 3 (with regs. 168, 189)

C38

Act modified by S.I. 2012/3013, Sch. 2 para. 34 (as inserted (4.7.2018) by The Insolvency of Registered Providers of Social Housing Regulations 2018 (S.I. 2018/728), regs. 1, 3(6), Sch. 2)

C39

Act modified in part (5.7.2018) by Housing and Planning Act 2016 (c. 22), s. 216(3), Sch. 5 para. 39 (with Sch. 5 para. 40); S.I. 2018/805, reg. 3(b)

C40

Act: power to modify conferred (5.7.2018) by Housing and Planning Act 2016 (c. 22), s. 216(3), Sch. 5 para. 45(2); S.I. 2018/805, reg. 3(b)

C41

Act specified provisions applied (with modifications) (13.7.2018 for E.W.) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 6 para. 5 (as amended by S.I. 2017/400, regs. 1(2), 6(a)(b) and S.I. 2018/208, regs. 1(3), 6(b)); S.I. 2018/848, art. 2(b)

C42

Act power to modify or exclude conferred (31.1.2019) by Technical and Further Education Act 2017 (c. 19), ss. 6(2)(a)(3)(4), 47(2); S.I. 2018/1161, reg. 3(a)

C43

Act modified in part (31.1.2019) by The Further Education Bodies (Insolvency) Regulations 2019 (S.I. 2019/138), regs. 4-6 (with regs. 1(2), 3(a)(i))

C44

Act excluded (31.1.2019) by The Education Administration Rules 2018 (S.I. 2018/1135), rules 1.1, 4.10(2) (with rule 1.2)

C45

Act applied in part (with modifications) (31.1.2019) by Technical and Further Education Act 2017 (c. 19), ss. 6(2)(b)(3), 9-12, 47(2); S.I. 2018/1161, reg. 3(a)

C46

Act applied (with modifications) (23.7.2019) by The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2019 (S.I. 2019/1058), regs. 1, 14

C47

Act modified (1.8.2020) by The Smart Meter Communication Licensee Administration (England and Wales) Rules 2020 (S.I. 2020/629), rules 1, 3(2)-(4) (with rule 4(1))

C48

Act modified (12.11.2021) by The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021 (S.I. 2021/1178), rules 2, 295

C49

Act modified (S.) (19.12.2022) by The Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022 (S.I. 2022/1239), rules 2, 206

C50

Act: power to apply (with modifications) conferred (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 11 para. 165; S.I. 2023/779, reg. 4(ddd)(xiv)

C51

Act: power to apply and modify conferred (26.12.2023) by Energy Act 2023 (c. 52), ss. 48, 334(3)(a)

C52

Act: power to modify conferred (1.10.2010 for specified purposes, 12.1.2024 in so far as not already in force) by 1991 c. 56, s. 23(2E)-(2G) (as inserted by Flood and Water Management Act 2010 (c. 29), s. 49(3), Sch. 5 para. 3 (with s. 49(1)(6)); S.I. 2010/2169, art. 4, Sch.; S.I. 2024/35, art. 2(b))

Commencement

I1

Act not in force at Royal Assent, see s. 443

Contents

  1. The First Group of PartsCompany Insolvency; Companies Winding Up
  2. Part A1: Moratorium
  3. Chapter 1: Introductory
  4. A1Overview
  5. A2Eligible companies
  6. Chapter 2: Obtaining a moratorium
  7. A3Obtaining a moratorium by filing or lodging documents at court
  8. A4Obtaining a moratorium for company subject to winding-up petition
  9. A5Obtaining a moratorium for other overseas companies
  10. A6The relevant documents
  11. A7Beginning of moratorium and appointment of monitor
  12. A8Obligations to notify where moratorium comes into force
  13. Chapter 3: Length of moratorium
  14. Initial period
  15. A9End of the moratorium
  16. Extension of moratorium
  17. A10Extension by directors without creditor consent
  18. A11Extension by directors with creditor consent
  19. A12Creditor consent for the purposes of section A11
  20. A13Extension by court on application of directors
  21. A14Extension while proposal for CVA pending
  22. A15Extension by court in the course of other proceedings
  23. Early termination on certain grounds
  24. A16Company enters into insolvency procedure etc
  25. Obligations to notify change in end of moratorium
  26. A17Obligations to notify change in end of moratorium
  27. Chapter 4: Effects of moratorium
  28. Introductory
  29. A18Overview and construction of references to payment holidays
  30. Publicity about moratorium
  31. A19Publicity about moratorium
  32. Effect on creditors etc
  33. A20Restrictions on insolvency proceedings etc
  34. A21Restrictions on enforcement and legal proceedings
  35. A22Floating charges
  36. A23Enforcement of security granted during moratorium
  37. Notification of insolvency proceedings
  38. A24Duty of directors to notify monitor of insolvency proceedings etc
  39. Restrictions on transactions
  40. A25Restrictions on obtaining credit
  41. A26Restrictions on grant of security etc
  42. A27Prohibition on entering into market contracts etc
  43. Restrictions on payments and disposal of property
  44. A28Restrictions on payment of certain pre-moratorium debts
  45. A29Restrictions on disposal of property
  46. A30Restrictions on disposal of hire-purchase property
  47. Disposals of property free from charges etc
  48. A31Disposal of charged property free from charge
  49. A32Disposal of hire-purchase property
  50. Effect of contravention of certain provisions of Chapter
  51. A33Contravention of certain requirements imposed under this Chapter
  52. Chapter 5: The monitor
  53. A34Status of monitor
  54. A35Monitoring
  55. A36Provision of information to monitor
  56. A37Application by monitor for directions
  57. A38Termination of moratorium by monitor
  58. A39Replacement of monitor or appointment of additional monitor
  59. A40Application of Part where two or more persons act as monitor
  60. A41Presumption of validity
  61. Chapter 6: Challenges
  62. A42Challenge to monitor’s actions
  63. A43Challenges to monitor remuneration in insolvency proceedings
  64. A44Challenge to directors’ actions
  65. A45Challenge brought by Board of the Pension Protection Fund
  66. Chapter 7: Offences: general
  67. A46Offence of fraud etc during or in anticipation of moratorium
  68. A47Offence of false representation etc to obtain a moratorium
  69. A48Prosecution of delinquent officers of company
  70. Chapter 8: Miscellaneous and general
  71. Special rules for certain kinds of company etc
  72. A49Regulated companies: modifications to this Part
  73. A50Power to modify this Part etc in relation to certain companies
  74. A51Power to make provision in connection with pension schemes
  75. Floating charges
  76. A52Void provisions in floating charge documents
  77. Interpretation of this Part
  78. A53Meaning of “pre-moratorium debt” and “moratorium debt”
  79. A54Interpretation of this Part: general
  80. Regulations
  81. A55Regulations
  82. Part I: Company Voluntary Arrangements
  83. The Proposal
  84. 1Those who may propose an arrangement.
  85. 1AMoratorium. Repealed
  86. 2Procedure where nominee is not the liquidator or administrator.
  87. 3Consideration of proposal.
  88. Consideration and implementation of proposal
  89. 4Decisions of the company and its creditors.
  90. 4AApproval of arrangement.
  91. 5Effect of approval.
  92. 6Challenge of decisions.
  93. 6AFalse representations, etc.
  94. 7Implementation of proposal.
  95. 7AProsecution of delinquent officers of company.
  96. 7BArrangements coming to an end prematurely.
  97. Part II: Administration
  98. 8Administration
  99. Part II: Administration Orders
  100. Making etc. of administration order
  101. 9Application for order.
  102. 10Effect of application.
  103. 11Effect of order.
  104. 12Notification of order.
  105. Administrators
  106. 13Appointment of administrator.
  107. 14General powers.
  108. 15Power to deal with charged property, etc.
  109. 16Operation of s. 15 in Scotland.
  110. 17General duties.
  111. 18Discharge or variation of administration order.
  112. 19Vacation of office.
  113. 20Release of administrator.
  114. Ascertainment and investigation of company’s affairs
  115. 21Information to be given by administrator.
  116. 22Statement of affairs to be submitted to administrator.
  117. Administrator’s proposals
  118. 23Statement of proposals.
  119. 24Consideration of proposals by creditors’ meeting.
  120. 25Approval of substantial revisions.
  121. Miscellaneous
  122. 26Creditors’ committee.
  123. 27Protection of interests of creditors and members.
  124. Part III: Receivership
  125. Chapter I: Receivers and Managers (England and Wales)
  126. Preliminary and general provisions
  127. 28Extent of this Chapter.
  128. 29Definitions.
  129. 30Disqualification of body corporate from acting as receiver.
  130. 31Disqualification of bankrupt or person in respect of whom a debt relief order is made
  131. 32Power for court to appoint official receiver.
  132. Receivers and managers appointed out of court
  133. 33Time from which appointment is effective.
  134. 34Liability for invalid appointment.
  135. 35Application to court for directions.
  136. 36Court’s power to fix remuneration.
  137. 37Liability for contracts, etc.
  138. 38Receivership accounts to be delivered to registrar.
  139. Provisions applicable to every receivership
  140. 39Notification that receiver or manager appointed.
  141. 40Payment of debts out of assets subject to floating charge.
  142. 41Enforcement of duty to make returns.
  143. Administrative receivers: general
  144. 42General powers.
  145. 44Agency and liability for contracts.
  146. 45Vacation of office.
  147. Administrative receivers: ascertainment and investigation of company’s affairs
  148. 46Information to be given by administrative receiver.
  149. 47Statement of affairs to be submitted.
  150. 48Report by administrative receiver.
  151. 49Committee of creditors.
  152. Chapter II: Receivers (Scotland)
  153. 50Extent of this Chapter.
  154. 51Power to appoint receiver.
  155. 52Circumstances justifying appointment.
  156. 53Mode of appointment by holder of charge.
  157. 54Appointment by court.
  158. 55Powers of receiver.
  159. 56Precedence among receivers.
  160. 57Agency and liability of receiver for contracts.
  161. 58Remuneration of receiver.
  162. 59Priority of debts.
  163. 60Distribution of moneys.
  164. 61Disposal of interest in property.
  165. 62Cessation of appointment of receiver.
  166. 63Powers of court.
  167. 64Notification that receiver appointed.
  168. 65Information to be given by receiver.
  169. 66Company’s statement of affairs.
  170. 67Report by receiver.
  171. 68Committee of creditors
  172. 69Enforcement of receiver’s duty to make returns, etc.
  173. 70Interpretation for Chapter II.
  174. 71Prescription of forms, etc.; regulations.
  175. Chapter III: Receivers’ Powers in Great Britain as a Whole
  176. 72Cross-border operation of receivership provisions.
  177. Chapter IV: PROHIBITION OF APPOINTMENT OF ADMINISTRATIVE RECEIVER
  178. 72AFloating charge holder not to appoint administrative receiver
  179. 72BFirst exception: capital market
  180. 72CSecond exception: public-private partnership
  181. 72DThird exception: utilities
  182. 72DAException in respect of urban regeneration projects
  183. 72EFourth exception: project finance
  184. 72FFifth exception: financial market
  185. 72GSixth exception: social landlords
  186. 72GAException in relation to protected railway companies etc.
  187. 72HSections 72A to 72G: supplementary
  188. Part IV: Winding Up of Companies Registered under the Companies Acts
  189. Chapter I: Preliminary
  190. Introductory
  191. 73Scheme of this Part
  192. Contributories
  193. 74Liability as contributories of present and past members.
  194. 75Directors, etc. with unlimited liability. Repealed
  195. 76Liability of past directors and shareholders.
  196. 77Limited company formerly unlimited.
  197. 78Unlimited company formerly limited.
  198. 79Meaning of “contributory”.
  199. 80Nature of contributory’s liability.
  200. 81Contributories in case of death of a member.
  201. 82Effect of contributory’s bankruptcy.
  202. 83Companies registered but not formed under the Companies Act 2006
  203. Chapter II: Voluntary Winding Up (Introductory and General)
  204. Resolutions for, and commencement of, voluntary winding up
  205. 84Circumstances in which company may be wound up voluntarily.
  206. 85Notice of resolution to wind up.
  207. 86Commencement of winding up.
  208. Consequences of resolution to wind up
  209. 87Section 87
  210. 88Avoidance of share transfers, etc. after winding-up resolution.
  211. Declaration of solvency
  212. 89Statutory declaration of solvency.
  213. 90Distinction between “members’” and “creditors’” voluntary winding up.
  214. Chapter III: Members’ Voluntary Winding Up
  215. 91Appointment of liquidator.
  216. 92Power to fill vacancy in office of liquidator.
  217. 92AProgress report to company ...
  218. 93General company meeting at each year’s end (Scotland) Repealed
  219. 94Final account prior to dissolution
  220. 95Effect of company’s insolvency.
  221. 96Conversion to creditors’ voluntary winding up.
  222. Chapter IV: Creditors’ Voluntary Winding Up
  223. 97Application of this Chapter.
  224. 98Meeting of creditors. Repealed
  225. 99Directors to lay statement of affairs before creditors.
  226. 100Appointment of liquidator.
  227. 101Appointment of liquidation committee.
  228. 102Creditors’ meeting where winding up converted under s. 96. Repealed
  229. 103Cesser of directors’ powers.
  230. 104Vacancy in office of liquidator.
  231. 104AProgress report to company and creditors ... ...
  232. 105Meetings of company and creditors at each year’s end (Scotland). Repealed
  233. 106Final account prior to dissolution.
  234. Chapter V: Provisions Applying to both kinds of Voluntary Winding Up
  235. 107Distribution of company’s property.
  236. 108Appointment or removal of liquidator by the court.
  237. 109Notice by liquidator of his appointment.
  238. 111Dissent from arrangement under s. 110.
  239. 112Reference of questions to court.
  240. 113Court’s power to control proceedings (Scotland).
  241. 114No liquidator appointed or nominated by company.
  242. 115Expenses of voluntary winding up.
  243. 116Saving for certain rights.
  244. Chapter VI: Winding Up by the Court
  245. Jurisdiction (England and Wales)
  246. 117High Court and county court jurisdiction.
  247. 118Proceedings taken in wrong court.
  248. 119Proceedings in county court; case stated for High Court.
  249. Jurisdiction (Scotland)
  250. 120Court of Session and sheriff court jurisdiction.
  251. 121Power to remit winding up to Lord Ordinary.
  252. Grounds and effect of winding-up petition
  253. 122Circumstances in which company may be wound up by the court.
  254. 123Definition of inability to pay debts.
  255. 124Application for winding up.
  256. 124APetition for winding up on grounds of public interest.
  257. 124BPetition for winding up of SE Repealed
  258. 124CPetition for winding up of SCE Repealed
  259. 125Powers of court on hearing of petition.
  260. 126Power to stay or restrain proceedings against company.
  261. 127Avoidance of property dispositions, etc.
  262. 128Avoidance of attachments, etc.
  263. Commencement of winding up
  264. 129Commencement of winding up by the court.
  265. 130Consequences of winding-up order.
  266. Investigation procedures
  267. 131Company’s statement of affairs.
  268. 132Investigation by official receiver.
  269. 133Public examination of officers
  270. 134Enforcement of s. 133.
  271. Appointment of liquidator
  272. 135Appointment and powers of provisional liquidator.
  273. 136Functions of official receiver in relation to office of liquidator.
  274. 137Appointment by Secretary of State.
  275. 138Appointment of liquidator in Scotland.
  276. 139Choice of liquidator by creditors and contributories.
  277. 140Appointment by the court following administration or voluntary arrangement.
  278. Liquidation committees
  279. 141Liquidation committee (England and Wales).
  280. 142Liquidation committee (Scotland).
  281. The liquidator’s functions
  282. 143General functions in winding up by the court.
  283. 144Custody of company’s property.
  284. 145Vesting of company property in liquidator.
  285. 146Final account
  286. 146AOfficial receiver’s duty to send statement to registrar about other proceedings Repealed
  287. General powers of court
  288. 147Power to stay or sist winding up.
  289. 148Settlement of list of contributories and application of assets.
  290. 149Debts due from contributory to company.
  291. 150Power to make calls.
  292. 151Payment into bank of money due to company. Repealed
  293. 152Order on contributory to be conclusive evidence.
  294. 153Power to exclude creditors not proving in time.
  295. 154Adjustment of rights of contributories.
  296. 155Inspection of books by creditors, etc.
  297. 156Payment of expenses of winding up.
  298. 157Attendance at company meetings (Scotland).
  299. 158Power to arrest absconding contributory.
  300. 159Powers of court to be cumulative.
  301. 160Delegation of powers to liquidator (England and Wales).
  302. Enforcement of, and appeal from, orders
  303. 161Orders for calls on contributories (Scotland).
  304. 162Appeals from orders in Scotland.
  305. Chapter VII: Liquidators
  306. Preliminary
  307. 163Style and title of liquidators.
  308. 164Corrupt inducement affecting appointment.
  309. Liquidator’s powers and duties
  310. 165Voluntary winding up.
  311. 166Creditors’ voluntary winding up.
  312. 167Winding up by the court.
  313. 168Supplementary powers (England and Wales).
  314. 169Supplementary powers (Scotland).
  315. 170Enforcement of liquidator’s duty to make returns, etc.
  316. Removal; vacation of office
  317. 171Removal, etc. (voluntary winding up).
  318. 172Removal, etc. (winding up by the court).
  319. Release of liquidator
  320. 173Release (voluntary winding up).
  321. 174Release (winding up by the court).
  322. Chapter VIII: Provisions of General Application in Winding Up
  323. Moratorium: order of priority of payment of debts
  324. 174AMoratorium debts etc: priority
  325. Preferential debts
  326. 175Preferential debts (general provision).
  327. 176Preferential charge on goods distrained , etc.
  328. Non-preferential debts
  329. 176AZANon-preferential debts of financial institutions
  330. Property subject to floating charge
  331. 176ZAPayment of expenses of winding up (England and Wales)
  332. 176ZBApplication of proceeds of office-holder claims
  333. 176AShare of assets for unsecured creditors
  334. Special managers
  335. 177Power to appoint special manager.
  336. Disclaimer (England and Wales only)
  337. 178Power to disclaim onerous property.
  338. 179Disclaimer of leaseholds.
  339. 180Land subject to rentcharge.
  340. 181Powers of court (general).
  341. 182Powers of court (leaseholds).
  342. Execution, attachment and the Scottish equivalents
  343. 183Effect of execution or attachment (England and Wales).
  344. 184Duties of officers charged with execution of writs and other processes (England and Wales).
  345. 185Effect of diligence (Scotland)
  346. Miscellaneous matters
  347. 186Rescission of contracts by the court.
  348. 187Power to make over assets to employees.
  349. 188Notification that company is in liquidation.
  350. 189Interest on debts.
  351. 190Documents exempt from stamp duty.
  352. 191Company’s books to be evidence.
  353. 192Information as to pending liquidations.
  354. 193Unclaimed dividends (Scotland).
  355. 194Resolutions passed at adjourned meetings. Repealed
  356. 195Court's powers to ascertain wishes of creditors or contributories.
  357. 196Judicial notice of court documents.
  358. 197Commission for receiving evidence.
  359. 198Court order for examination of persons in Scotland.
  360. 199Costs of application for leave to proceed (Scottish companies).
  361. 200Affidavits etc. in United Kingdom and overseas.
  362. Chapter IX: Dissolution of Companies After Winding Up
  363. 201Dissolution (voluntary winding up).
  364. 202Early dissolution (England and Wales).
  365. 203Consequence of notice under s. 202.
  366. 204Early dissolution (Scotland).
  367. 205Dissolution otherwise than under ss. 202-204.
  368. Chapter X: Malpractice before and during Liquidation; Penalisation of Companies and Company Officers; Investigations and Prosecutions
  369. Offences of fraud, deception, etc.
  370. 206Fraud, etc. in anticipation of winding up.
  371. 207Transactions in fraud of creditors.
  372. 208Misconduct in course of winding up.
  373. 209Falsification of company’s books.
  374. 210Material omissions from statement relating to company’s affairs.
  375. 211False representations to creditors.
  376. Penalisation of directors and officers
  377. 212Summary remedy against delinquent directors, liquidators, etc.
  378. 213Fraudulent trading.
  379. 214Wrongful trading.
  380. 215Proceedings under ss. 213, 214.
  381. 216Restriction on re-use of company names.
  382. 217Personal liability for debts, following contravention of s. 216.
  383. Investigation and prosecution of malpractice
  384. 218Prosecution of delinquent officers and members of company.
  385. 219Obligations arising under s. 218.
  386. Part V: Winding Up of Unregistered Companies
  387. 220Meaning of “unregistered company”.
  388. 221Winding up of unregistered companies.
  389. 222Inability to pay debts: unpaid creditor for £750 or more.
  390. 223Inability to pay debts: debt remaining unsatisfed after action brought.
  391. 224Inability to pay debts: other cases.
  392. 225Company incorporated outside Great Britain may be wound up though dissolved.
  393. 226Contributories in winding up of unregistered company.
  394. 227Power of court to stay, sist or restrain proceedings.
  395. 228Actions stayed on winding-up order.
  396. 229Provisions of this Part to be cumulative.
  397. Part VI: Miscellaneous Provisions Applying to Companies Which are Insolvent or in Liquidation
  398. Office-holders
  399. 230Holders of office to be qualified insolvency practitioners.
  400. 231Appointment to office of two or more persons.
  401. 232Validity of office-holder’s acts.
  402. Management by administrators, liquidators, etc.
  403. 233Supplies of gas, water, electricity, etc.
  404. 233AFurther protection of essential supplies
  405. 233BProtection of supplies of goods and services
  406. 233CPowers to amend section 233B and Schedule 4ZZA
  407. 234Getting in the company’s property.
  408. 235Duty to co-operate with office-holder.
  409. 236Inquiry into company’s dealings, etc.
  410. 237Court’s enforcement powers under s. 236.
  411. Adjustment of prior transactions (administration and liquidation)
  412. 242Gratuitous alienations (Scotland).
  413. 243Unfair preferences (Scotland).
  414. 244Extortionate credit transactions.
  415. 245Avoidance of certain floating charges.
  416. Administration: penalisation of directors etc
  417. 246ZAFraudulent trading: administration
  418. 246ZBWrongful trading: administration
  419. 246ZCProceedings under section 246ZA or 246ZB
  420. Power to assign certain causes of action
  421. 246ZDPower to assign
  422. Decisions by creditors and contributories
  423. 246ZEDecisions by creditors and contributories: general
  424. 246ZFDeemed consent procedure
  425. 246ZGPower to amend sections 246ZE and 246ZF
  426. Chapter
  427. Remote attendance at meetings
  428. 246ARemote attendance at meetings
  429. Chapter
  430. Giving of notices etc by office-holders
  431. 246BUse of websites
  432. 246CCreditors' ability to opt out of receiving certain notices
  433. Part VII: Interpretation for First Group of Parts
  434. 247“Insolvency” and “go into liquidation”.
  435. 248“Secured creditor”, etc.
  436. 248A“Opted-out creditor”
  437. 249“Connected” with a company.
  438. 250“Member” of a company.
  439. 251Expressions used generally.
  440. Preliminary
  441. 251ADebt relief orders
  442. Applications for a debt relief order
  443. 251BMaking of application
  444. 251CDuty of official receiver to consider and determine application
  445. 251DPresumptions applicable to the determination of an application
  446. Making and effect of debt relief order
  447. 251EMaking of debt relief orders
  448. 251FEffect of debt relief order on other debt management arrangements
  449. 251GMoratorium from qualifying debts
  450. 251HThe moratorium period
  451. 251IDischarge from qualifying debts
  452. Duties of debtor
  453. 251JProviding assistance to official receiver etc
  454. Objections, investigations and revocation
  455. 251KObjections and investigations
  456. 251LPower of official receiver to revoke or amend a debt relief order
  457. Role of the court
  458. 251MPowers of court in relation to debt relief orders
  459. 251NInquiry into debtor's dealings and property
  460. Offences
  461. 251OFalse representations and omissions
  462. 251PConcealment or falsification of documents
  463. 251QFraudulent disposal of property
  464. 251RFraudulent dealing with property obtained on credit
  465. 251SObtaining credit or engaging in business
  466. 251TOffences: supplementary
  467. Supplementary
  468. 251UApproved intermediaries
  469. 251VDebt relief restrictions orders and undertakings
  470. 251WRegister of debt relief orders etc
  471. 251XInterpretation
  472. Moratorium for insolvent debtor
  473. Procedure where no interim order made
  474. 262AFalse representations etc.
  475. 263AAvailability Repealed
  476. 263BDecision Repealed
  477. 263EImplementation Repealed
  478. 263GOffences Repealed
  479. 263HBankruptcy applications to an adjudicator
  480. 263JConditions applying to bankruptcy application
  481. 263KDetermination of bankruptcy application
  482. 263LAdjudicator's requests for further information
  483. 263MMaking of bankruptcy order
  484. 263NRefusal to make a bankruptcy order: review and appeal etc.
  485. 263OFalse representations and omissions
  486. Preliminary
  487. Creditor’s petition
  488. 268Definition of “inability to pay”, etc.; the statutory demand.
  489. 269Creditor with security.
  490. 270Expedited petition.
  491. Other cases for special consideration
  492. 281APost-discharge restrictions
  493. 291AFirst trustee in bankruptcy
  494. Control of trustee
  495. 304Liability of trustee.
  496. Chapter IV: Administration by Trustee
  497. 305General functions of trustee.
  498. 306AAProperty released from detention
  499. 306BAProperty in respect of which realisation order made
  500. 310AIncome payments agreement
  501. 333Duties of bankrupt in relation to trustee.
  502. Rights under trusts of land
  503. Rights of occupation
  504. 338Payments in respect of premises occupied by bankrupt.
  505. 342DRecovery of excessive contributions in pension-sharing cases.
  506. 342EOrders under section 339 or 340 in respect of pension-sharing transactions.
  507. 349Unenforceability of liens on books, etc.
  508. 349AArbitration agreements to which bankrupt is party.
  509. Chapter VI: Bankruptcy Offences
  510. Preliminary
  511. 352Defence of innocent intention.
  512. Wrongdoing by the bankrupt before and after bankruptcy
  513. 353Non-disclosure.
  514. 357Fraudulent disposal of property.
  515. Chapter VII: Powers of Court In Bankruptcy
  516. 363General control of court.
  517. 365Seizure of bankrupt’s property.
  518. 367Court’s enforcement powers under s. 366.
  519. 368Provision corresponding to s. 366, where interim receiver appointed.
  520. 369Order for production of documents by inland revenue.
  521. 372AFurther protection of essential supplies
  522. 377Formal defects.
  523. 378Exemption from stamp duty.
  524. 379ZBDeemed consent procedure
  525. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  526. Giving of notices etc by office-holders
  527. 379CCreditors' ability to opt out of receiving certain notices
  528. 380Introductory.
  529. 383A“Opted-out creditor”
  530. The Third Group of PartsMiscellaneous Matters Bearing on Both Company and Individual Insolvency; General Interpretation; Final Provisions
  531. Part XII: Preferential and non-preferential debts in Company and Individual Insolvency
  532. 386Categories of preferential debts.
  533. 387“The relevant date”.
  534. 387AFinancial institutions and their non-preferential debts
  535. Part XIII: Insolvency Practitioners and their Qualification
  536. Restrictions on unqualified persons acting as liquidator, trustee in bankruptcy, etc.
  537. 388Meaning of “act as insolvency practitioner”
  538. 389Acting without qualification an offence.
  539. 389AAuthorisation of nominees and supervisors. Repealed
  540. 389BOfficial receiver as nominee or supervisor
  541. 390Persons not qualified to act as insolvency practitioners.
  542. 390AAuthorisation
  543. 390BPartial authorisation: acting in relation to partnerships
  544. 391Recognised professional bodies
  545. 391AApplication for recognition as recognised professional body
  546. Regulatory objectives
  547. 391BApplication of regulatory objectives
  548. 391CMeaning of “regulatory functions” and “regulatory objectives”
  549. Oversight of recognised professional bodies
  550. 391DDirections
  551. 391EDirections: procedure
  552. 391FFinancial penalty
  553. 391GFinancial penalty: procedure
  554. 391HAppeal against financial penalty
  555. 391IRecovery of financial penalties
  556. 391JReprimand
  557. 391KReprimand: procedure
  558. Revocation etc of recognition
  559. 391LRevocation of recognition at instigation of Secretary of State
  560. 391MOrders under section 391L: procedure
  561. 391NRevocation of recognition at request of body
  562. Court sanction of insolvency practitioners in public interest cases
  563. 391ODirect sanctions orders
  564. 391PApplication for, and power to make, direct sanctions order
  565. 391QDirect sanctions order: conditions
  566. 391RDirect sanctions direction instead of order
  567. General
  568. 391SPower for Secretary of State to obtain information
  569. 391TCompliance orders
  570. The requisite qualification, and the means of obtaining it
  571. 392Authorisation by competent authority. Repealed
  572. 393Grant, refusal and withdrawal of authorisation. Repealed
  573. 394Notices. Repealed
  574. 395Right to make representations. Repealed
  575. 396Reference to Tribunal. Repealed
  576. 397Action of Tribunal on reference. Repealed
  577. 398Refusal or withdrawal without reference to Tribunal. Repealed
  578. Adjudicators
  579. 398AAppointment etc of adjudicators and assistants
  580. Official receivers
  581. 400Functions and status of official receivers.
  582. 401Deputy official receivers and staff.
  583. The Official Petitioner
  584. 402Official Petitioner.
  585. Insolvency Service finance, accounting and investment
  586. 403Insolvency Services Account.
  587. 404Investment Account.
  588. 407Unclaimed dividends and undistributed balances.
  589. 409Annual financial statement and audit.
  590. Supplementary
  591. 410Extent of this Part.
  592. Part XV: Subordinate Legislation
  593. General insolvency rules
  594. 411Company insolvency rules.
  595. Fees orders
  596. 414Fees orders (company insolvency proceedings).
  597. 415AFees orders (general)
  598. Specification, increase and reduction of money sums relevant in the operation of this Act
  599. 415BMonetary limits (company moratorium)
  600. 416Monetary limits (companies winding up).
  601. 417Money sum in s. 222.
  602. 417AMoney sums (company moratorium). Repealed
  603. Insolvency practice
  604. 419Regulations for purposes of Part XIII.
  605. Other order-making powers
  606. 422Formerly authorised banks.
  607. 422AMeaning of “relevant offence”
  608. 425Provision which may be made by order under s. 423.
  609. Part XVII: Miscellaneous and General
  610. 426Co-operation between courts exercising jurisdiction in relation to insolvency.
  611. 426ADisqualification from Parliament (England and Wales and Northern Ireland)
  612. 426BDevolution
  613. 426CIrrelevance of privilege
  614. 427Disqualification from Parliament (Scotland ...)
  615. 428Exemptions from Restrictive Trade Practices Act.
  616. 429Disabilities on revocation of administration order against an individual.
  617. 430Provision introducing Schedule of punishments.
  618. 431Summary proceedings.
  619. 432Offences by bodies corporate.
  620. 433Admissibility in evidence of statements of affairs, etc.
  621. 434Crown application.
  622. Part 17A: SUPPLEMENTARY PROVISIONS
  623. 434AIntroductory
  624. 434BRepresentation of corporations in decision procedures and at meetings
  625. 434CLegal professional privilege
  626. 434DEnforcement of company's filing obligations
  627. 434EApplication of filing obligations to overseas companies
  628. Part XVIII: Interpretation
  629. 435Meaning of “associate”.
  630. 436Expressions used generally.
  631. 436AProceedings under EU Regulations: modified definition of property Repealed
  632. 436BReferences to things in writing
  633. Part XIX: Final Provisions
  634. 437Transitional provisions, and savings.
  635. 438Repeals.
  636. 439Amendment of enactments.
  637. 440Extent (Scotland).
  638. 441Extent (Northern Ireland).
  639. 442Extent (other territories).
  640. 443Commencement.
  641. 444Citation.
  642. Schedule ZA1: Moratorium: Eligible companies
  643. 1Eligible companies
  644. 2Companies subject to, or recently subject to, moratorium or an insolvency procedure
  645. 2APrivate registered providers of social housing
  646. 2BRegistered social landlord under Part 2 of the Housing (Scotland) Act 2010
  647. 3Insurance companies
  648. 4Banks
  649. 5Electronic money institutions
  650. 6Investment banks and investment firms
  651. 7Companies that are party to market contracts or subject to market charges, etc
  652. 8Participants in designated systems
  653. 9Payment institutions
  654. 10Operators of payment systems, infrastructure providers etc
  655. 11Recognised investment exchanges, clearing houses and CSDs
  656. 12Securitisation companies
  657. 13Parties to capital market arrangements
  658. 14Parties to capital market arrangements
  659. 15Public-private partnership project companies
  660. 16Public-private partnership project companies
  661. 17Public-private partnership project companies
  662. 18Overseas companies with corresponding functions
  663. 19Interpretation of Schedule
  664. 20Powers to amend Schedule
  665. 21Powers to amend Schedule
  666. 22Powers to amend Schedule
  667. Schedule ZA2: Moratorium: contract or other instrument involving financial services
  668. 1Introductory
  669. 2Financial contracts
  670. 3Securities financing transactions
  671. 4Derivatives
  672. 5Spot contracts
  673. 6Capital market investments
  674. 7Contracts forming part of a public-private partnership
  675. 8Market contracts
  676. 9Qualifying collateral arrangements and qualifying property transfers
  677. 10Contracts secured by certain charges or arrangements
  678. 11Default arrangements and transfer orders
  679. 12Card-based payment transactions
  680. 13Power to amend Schedule
  681. Schedule A1: Moratorium where directors propose voluntary arrangement Repealed
  682. Part ... Repealed
  683. Repealed
  684. Paragraph Repealed
  685. Repealed
  686. Paragraph Repealed
  687. Paragraph Repealed
  688. Paragraph Repealed
  689. Paragraph Repealed
  690. Paragraph Repealed
  691. Paragraph Repealed
  692. Paragraph Repealed
  693. Paragraph Repealed
  694. Paragraph Repealed
  695. Paragraph Repealed
  696. Paragraph Repealed
  697. Paragraph Repealed
  698. Paragraph Repealed
  699. Paragraph Repealed
  700. Paragraph Repealed
  701. Part Repealed
  702. Repealed
  703. Paragraph Repealed
  704. Repealed
  705. Paragraph Repealed
  706. Repealed
  707. Paragraph Repealed
  708. Repealed
  709. Paragraph Repealed
  710. Paragraph Repealed
  711. Repealed
  712. Paragraph Repealed
  713. Part Repealed
  714. Repealed
  715. Paragraph Repealed
  716. Paragraph Repealed
  717. Paragraph Repealed
  718. Repealed
  719. Paragraph Repealed
  720. Repealed
  721. Paragraph Repealed
  722. Repealed
  723. Paragraph Repealed
  724. Repealed
  725. Paragraph Repealed
  726. Paragraph Repealed
  727. Repealed
  728. Paragraph Repealed
  729. Paragraph Repealed
  730. Paragraph Repealed
  731. Repealed
  732. Paragraph Repealed
  733. Part Repealed
  734. Repealed
  735. Paragraph Repealed
  736. Repealed
  737. Paragraph Repealed
  738. Repealed
  739. Paragraph Repealed
  740. Paragraph Repealed
  741. Repealed
  742. Paragraph Repealed
  743. Part Repealed
  744. Repealed
  745. Paragraph Repealed
  746. Repealed
  747. Paragraph Repealed
  748. Repealed
  749. Paragraph Repealed
  750. Repealed
  751. Paragraph Repealed
  752. Paragraph Repealed
  753. Paragraph Repealed
  754. Repealed
  755. Paragraph Repealed
  756. Repealed
  757. Paragraph Repealed
  758. Repealed
  759. Paragraph Repealed
  760. Repealed
  761. Paragraph Repealed
  762. Repealed
  763. Paragraph Repealed
  764. Part Repealed
  765. Repealed
  766. Paragraph Repealed
  767. Repealed
  768. Paragraph Repealed
  769. Paragraph Repealed
  770. Repealed
  771. Paragraph Repealed
  772. Repealed
  773. Paragraph Repealed
  774. Repealed
  775. Paragraph Repealed
  776. Schedule B1: ADMINISTRATION
  777. ARRANGEMENT OF SCHEDULE
  778. Part: NATURE OF ADMINISTRATION
  779. 1Administration
  780. 2Paragraph 2
  781. 3Purpose of administration
  782. 4Paragraph 4
  783. 5Status of administrator
  784. 6General restrictions
  785. 7Paragraph 7
  786. 8Paragraph 8
  787. 9Paragraph 9
  788. Part: APPOINTMENT OF ADMINISTRATOR BY COURT
  789. 10Administration order
  790. 11Conditions for making order
  791. 12Administration application
  792. 13Powers of court
  793. Part: APPOINTMENT OF ADMINISTRATOR BY HOLDER OF FLOATING CHARGE
  794. 14Power to appoint
  795. 15Restrictions on power to appoint
  796. 16Paragraph 16
  797. 17Paragraph 17
  798. 18Notice of appointment
  799. 19Commencement of appointment
  800. 20Paragraph 20
  801. 21Invalid appointment: indemnity
  802. Part: APPOINTMENT OF ADMINISTRATOR BY COMPANY OR DIRECTORS
  803. 22Power to appoint
  804. 23Restrictions on power to appoint
  805. 24Paragraph 24 Repealed
  806. 25Paragraph 25
  807. 25AParagraph 25A
  808. 26Notice of intention to appoint
  809. 27Paragraph 27
  810. 28Paragraph 28
  811. 29Notice of appointment
  812. 30Paragraph 30
  813. 31Commencement of appointment
  814. 32Paragraph 32
  815. 33Paragraph 33
  816. 34Invalid appointment: indemnity
  817. Part: ADMINISTRATION APPLICATION – SPECIAL CASES
  818. 35Application by holder of floating charge
  819. 36Intervention by holder of floating charge
  820. 37Application where company in liquidation
  821. 38Paragraph 38
  822. 39Effect of administrative receivership
  823. Part: EFFECT OF ADMINISTRATION
  824. 40Dismissal of pending winding-up petition
  825. 41Dismissal of administrative or other receiver
  826. 42Moratorium on insolvency proceedings
  827. 43Moratorium on other legal process
  828. 44Interim moratorium
  829. 45Publicity
  830. Part: PROCESS OF ADMINISTRATION
  831. 46Announcement of administrator’s appointment
  832. 47Statement of company’s affairs
  833. 48Paragraph 48
  834. 49Administrator’s proposals
  835. 50Paragraph 50 Repealed
  836. 51Consideration of administrator's proposals by creditors
  837. 52Paragraph 52
  838. 53Creditors' decision
  839. 54Revision of administrator’s proposals
  840. 55Failure to obtain approval of administrator’s proposals
  841. 56Further creditors’ decisions
  842. 57Creditors’ committee
  843. 58Paragraph 58 Repealed
  844. Part: FUNCTIONS OF ADMINISTRATOR
  845. 59General powers
  846. 60Paragraph 60
  847. 60AParagraph 60A
  848. 61Paragraph 61
  849. 62Paragraph 62
  850. 63Paragraph 63
  851. 64Paragraph 64
  852. 64ADistribution
  853. 65Paragraph 65
  854. 66Paragraph 66
  855. 67General duties
  856. 68Paragraph 68
  857. 69Administrator as agent of company
  858. 70Charged property: floating charge
  859. 71Charged property: non-floating charge
  860. 72Hire-purchase property
  861. 73Protection for priority creditor
  862. 74Challenge to administrator’s conduct of company
  863. 75Misfeasance
  864. Part: ENDING ADMINISTRATION
  865. 76Automatic end of administration
  866. 77Paragraph 77
  867. 78Paragraph 78
  868. 79Court ending administration on application of administrator
  869. 80Termination of administration where objective achieved
  870. 81Court ending administration on application of creditor
  871. 82Public interest winding-up
  872. 83Moving from administration to creditors’ voluntary liquidation
  873. 84Moving from administration to dissolution
  874. 85Discharge of administration order where administration ends
  875. 86Notice to Companies Registrar where administration ends
  876. Part: REPLACING ADMINISTRATOR
  877. 87Resignation of administrator
  878. 88Removal of administrator from office
  879. 89Administrator ceasing to be qualified
  880. 90Supplying vacancy in office of administrator
  881. 91Paragraph 91
  882. 92Paragraph 92
  883. 93Paragraph 93
  884. 94Paragraph 94
  885. 95Paragraph 95
  886. 96Substitution of administrator: competing floating charge-holder
  887. 97Substitution of administrator appointed by company or directors: creditors’ decision
  888. 98Vacation of office: discharge from liability
  889. 99Vacation of office: charges and liabilities
  890. Part: GENERAL
  891. 100Joint and concurrent administrators
  892. 101Paragraph 101
  893. 102Paragraph 102
  894. 103Paragraph 103
  895. 104Presumption of validity
  896. 105Majority decision of directors
  897. 106Penalties
  898. 107Extension of time limit
  899. 108Paragraph 108
  900. 109Paragraph 109
  901. 110Amendment of provision about time
  902. 111Interpretation
  903. 111ANon-UK companies
  904. 112Scotland
  905. 113Paragraph 113
  906. 114Paragraph 114
  907. 115Paragraph 115
  908. 116Paragraph 116
  909. Schedule 1: Powers of Administrator or Administrative Receiver
  910. 1Paragraph 1
  911. 2Paragraph 2
  912. 3Paragraph 3
  913. 4Paragraph 4
  914. 5Paragraph 5
  915. 6Paragraph 6
  916. 7Paragraph 7
  917. 8Paragraph 8
  918. 9Paragraph 9
  919. 10Paragraph 10
  920. 11Paragraph 11
  921. 12Paragraph 12
  922. 13Paragraph 13
  923. 14Paragraph 14
  924. 15Paragraph 15
  925. 16Paragraph 16
  926. 17Paragraph 17
  927. 18Paragraph 18
  928. 19Paragraph 19
  929. 20Paragraph 20
  930. 21Paragraph 21
  931. 22Paragraph 22
  932. 23Paragraph 23
  933. Schedule 2: Powers of a Scottish Receiver (Additional to Those Conferred on him by the Instrument of Charge)
  934. 1Paragraph 1
  935. 2Paragraph 2
  936. 3Paragraph 3
  937. 4Paragraph 4
  938. 5Paragraph 5
  939. 6Paragraph 6
  940. 7Paragraph 7
  941. 8Paragraph 8
  942. 9Paragraph 9
  943. 10Paragraph 10
  944. 11Paragraph 11
  945. 12Paragraph 12
  946. 13Paragraph 13
  947. 14Paragraph 14
  948. 15Paragraph 15
  949. 16Paragraph 16
  950. 17Paragraph 17
  951. 18Paragraph 18
  952. 19Paragraph 19
  953. 20Paragraph 20
  954. 21Paragraph 21
  955. 22Paragraph 22
  956. 23Paragraph 23
  957. Schedule 2A: EXCEPTIONS TO PROHIBITION ON APPOINTMENT OF ADMINISTRATIVE RECEIVER: SUPPLEMENTARY PROVISIONS
  958. 1Capital market arrangement
  959. 2Capital market investment
  960. 3Paragraph 3
  961. 4“Agreement”
  962. 5Debt
  963. 6Step-in rights
  964. 7Project company
  965. 8“Resources”
  966. 9“Public body”
  967. 10Regulated business
  968. 11“Person”
  969. Schedule 3: Orders in Course of Winding Up Pronounced in Vacation (Scotland)
  970. IOrders Which are to be Final
  971. IIOrders Which are to take Effect Until Matter Disposed of by Inner House
  972. Schedule 4: Powers of Liquidator in a Winding Up
  973. Part I: ...
  974. 1Paragraph 1
  975. 2Paragraph 2
  976. 3Paragraph 3
  977. 3AParagraph 3A
  978. Part II: ...
  979. 4Paragraph 4
  980. 5Paragraph 5
  981. Part III: ...
  982. 6Paragraph 6
  983. 6AParagraph 6A Repealed
  984. 7Paragraph 7
  985. 8Paragraph 8
  986. 9Paragraph 9
  987. 10Paragraph 10
  988. 11Paragraph 11
  989. 12Paragraph 12
  990. 13Paragraph 13
  991. Schedule 4ZZA: Protection of supplies under section 233B: exclusions
  992. Part 1: Essential supplies
  993. 1Essential supplies
  994. Part 2: Persons involved in financial services
  995. 2Introductory
  996. 3Insurers
  997. 4Banks
  998. 5Electronic money institutions
  999. 6Investment banks and investment firms
  1000. 7Payment institutions
  1001. 8Operators of payment systems, infrastructure providers etc
  1002. 9Recognised investment exchanges etc
  1003. 10Securitisation companies
  1004. 11Overseas activities
  1005. Part 3: Contracts involving financial services
  1006. 12Introductory
  1007. 13Financial contracts
  1008. 14Securities financing transactions
  1009. 15Derivatives
  1010. 16Spot contracts
  1011. 17Capital market investments
  1012. 18Contracts forming part of a public-private partnership
  1013. Part 4: Other exclusions
  1014. 19Financial markets and insolvency
  1015. 20Set-off and netting
  1016. 21Aircraft equipment
  1017. Part 1: Conditions which must be met
  1018. Connection with England and Wales
  1019. 1Paragraph 1
  1020. Debtor's previous insolvency history
  1021. 2Paragraph 2
  1022. 4Paragraph 4
  1023. 5Paragraph 5
  1024. Limit on debtor's overall indebtedness
  1025. 6Paragraph 6
  1026. Limit on debtor's monthly surplus income
  1027. 7Paragraph 7
  1028. Limit on value of debtor's property
  1029. 8Paragraph 8
  1030. Part 2: Other conditions
  1031. 9Paragraph 9
  1032. 10Paragraph 10
  1033. Debt relief restrictions order
  1034. 1Paragraph 1
  1035. Grounds for making order
  1036. 2Paragraph 2
  1037. Timing of application for order
  1038. 3Paragraph 3
  1039. Duration of order
  1040. 4Paragraph 4
  1041. Interim debt relief restrictions order
  1042. 5Paragraph 5
  1043. 6Paragraph 6
  1044. Debt relief restrictions undertaking
  1045. 7Paragraph 7
  1046. 8Paragraph 8
  1047. 9Paragraph 9
  1048. Effect of revocation of debt relief order
  1049. 10Paragraph 10
  1050. 1Bankruptcy restrictions order
  1051. 3Timing of application for order
  1052. 4Duration of order
  1053. 5Interim bankruptcy restrictions order
  1054. 6Paragraph 6
  1055. 7Bankruptcy restrictions undertaking
  1056. 8Paragraph 8
  1057. 9Paragraph 9
  1058. 10Effect of annulment of bankruptcy order
  1059. 12Registration
  1060. Schedule 5: Powers of Trustee in Bankruptcy
  1061. Part I: ...
  1062. 1Paragraph 1
  1063. 2Paragraph 2
  1064. 2AParagraph 2A
  1065. 3Paragraph 3
  1066. 4Paragraph 4
  1067. 5Paragraph 5
  1068. 6Paragraph 6
  1069. 7Paragraph 7
  1070. 8Paragraph 8
  1071. Part II: ...
  1072. 9Paragraph 9
  1073. 9AParagraph 9A
  1074. 9BParagraph 9B
  1075. 10Paragraph 10
  1076. 11Paragraph 11
  1077. 12Paragraph 12
  1078. 13Paragraph 13
  1079. Part III: ...
  1080. 14Paragraph 14
  1081. Schedule 6: The Categories of Preferential Debts
  1082. Category 1: Debts due to Inland Revenue
  1083. 1Paragraph 1
  1084. 2Paragraph 2
  1085. Category 2: Debts due to Customs and Excise
  1086. 3Paragraph 3
  1087. 3AParagraph 3A
  1088. 3BParagraph 3B
  1089. 3CParagraph 3C
  1090. 3DParagraph 3D
  1091. 4Paragraph 4
  1092. 5Paragraph 5
  1093. 5AParagraph 5A
  1094. 5BParagraph 5B
  1095. 5CParagraph 5C
  1096. Category 3: Social security contributions
  1097. 6Paragraph 6
  1098. 7Paragraph 7
  1099. Category 4: Contributions to occupational pension schemes, etc.
  1100. 8Paragraph 8
  1101. Category 5: Remuneration, etc., of employees
  1102. 9Paragraph 9
  1103. 10Paragraph 10
  1104. 11Paragraph 11
  1105. 12Paragraph 12
  1106. Interpertation for Category 5
  1107. 13Paragraph 13
  1108. 14Paragraph 14
  1109. 15Paragraph 15
  1110. Category 6: Levies on coal and steel production
  1111. 15AParagraph 15A
  1112. Category 6A: Debts owed to the Financial Services Compensation Scheme
  1113. 15AAParagraph 15AA
  1114. Category 7: Deposits covered by Financial Services Compensation Scheme
  1115. 15BParagraph 15B
  1116. Category 8: Other deposits
  1117. 15BAParagraph 15BA
  1118. 15BBParagraph 15BB
  1119. Interpretation for categories 6A, 7 and 8.
  1120. 15CParagraph 15C
  1121. Category 9: Certain HMRC debts
  1122. 15DParagraph 15D
  1123. Orders
  1124. 16Paragraph 16
  1125. Schedule 7: Insolvency Practitioners Tribunal Repealed
  1126. Panels of members Repealed
  1127. 1Paragraph 1 Repealed
  1128. Remuneration of members Repealed
  1129. 2Paragraph 2 Repealed
  1130. Sittings of Tribunal Repealed
  1131. 3Paragraph 3 Repealed
  1132. Procedure of Tribunal Repealed
  1133. 4Paragraph 4 Repealed
  1134. Schedule 8: Provisions Capable of Inclusion in Company Insolvency Rules
  1135. Courts
  1136. 1Paragraph 1
  1137. 2Paragraph 2
  1138. Notices, etc.
  1139. 3Paragraph 3
  1140. 4Paragraph 4
  1141. 5Paragraph 5
  1142. 5AParagraph 5A
  1143. Registration of voluntary arrangements
  1144. 6Paragraph 6
  1145. Provisional liquidator
  1146. 7Paragraph 7
  1147. Conduct of insolvency
  1148. 8Paragraph 8
  1149. 8AParagraph 8A
  1150. 9Paragraph 9
  1151. 9AParagraph 9A
  1152. 10Paragraph 10
  1153. 11Paragraph 11
  1154. 12Paragraph 12
  1155. 13Paragraph 13
  1156. 13AParagraph 13A
  1157. 14Paragraph 14
  1158. 14AParagraph 14A
  1159. 14BAdministration
  1160. Financial provisions
  1161. 15Paragraph 15
  1162. 16Paragraph 16
  1163. 16AParagraph 16A
  1164. 17Paragraph 17
  1165. 18Paragraph 18
  1166. 19Paragraph 19
  1167. Information and records
  1168. 20Paragraph 20
  1169. 21Paragraph 21
  1170. 22Paragraph 22
  1171. 23Paragraph 23
  1172. 24Paragraph 24
  1173. 25Paragraph 25
  1174. 26Paragraph 26
  1175. General
  1176. 27Paragraph 27
  1177. 28Paragraph 28
  1178. 29Paragraph 29
  1179. 30Paragraph 30
  1180. 31Paragraph 31
  1181. Schedule 9: Provisions Capable of Inclusion in Individual Insolvency Rules
  1182. Courts
  1183. 1Paragraph 1
  1184. 2Paragraph 2
  1185. 3Paragraph 3
  1186. 4Paragraph 4
  1187. 4AParagraph 4A
  1188. 4BParagraph 4B
  1189. 4CParagraph 4C
  1190. Notices, etc.
  1191. 5Paragraph 5
  1192. 6Paragraph 6
  1193. 7Paragraph 7
  1194. 7AParagraph 7A
  1195. Debt relief orders
  1196. 7AParagraph 7A
  1197. 7BParagraph 7B
  1198. 7CParagraph 7C
  1199. Debt relief restrictions orders and undertakings
  1200. 7DParagraph 7D
  1201. Register of debt relief orders and debt relief restrictions orders etc
  1202. 7EParagraph 7E
  1203. Registration of voluntary arrangements
  1204. 8Paragraph 8
  1205. Interim receiver
  1206. 9Paragraph 9
  1207. Receiver or manager
  1208. 10Paragraph 10 Repealed
  1209. Administration of individual insolvency
  1210. 11Paragraph 11
  1211. 11AParagraph 11A
  1212. 12Paragraph 12
  1213. 12AParagraph 12A
  1214. 13Paragraph 13
  1215. 14Paragraph 14
  1216. 15Paragraph 15
  1217. 16Paragraph 16
  1218. 17Paragraph 17
  1219. 18Paragraph 18
  1220. 18AParagraph 18A
  1221. 19Paragraph 19
  1222. Financial provisions
  1223. 20Paragraph 20
  1224. 21Paragraph 21
  1225. 21AParagraph 21A
  1226. 22Paragraph 22
  1227. 23Paragraph 23
  1228. 24BParagraph 24B
  1229. 24CParagraph 24C
  1230. 24DParagraph 24D
  1231. 25Paragraph 25
  1232. 26Paragraph 26
  1233. 27Paragraph 27
  1234. 28Paragraph 28
  1235. 29Paragraph 29
  1236. General
  1237. 30Paragraph 30
  1238. 31Paragraph 31
  1239. 32Paragraph 32
  1240. 33Paragraph 33
  1241. Schedule 10: Punishment of Offences under this Act
  1242. Paragraph
  1243. Schedule 11: Transitional Provisions and Savings
  1244. Part I: Company Insolvency and Winding Up
  1245. Administration orders
  1246. 1Paragraph 1
  1247. Receivers and managers (England and Wales)
  1248. 2Paragraph 2
  1249. Receivers (Scotland)
  1250. 3Paragraph 3
  1251. Winding up already in progress
  1252. 4Paragraph 4
  1253. Statement of affairs
  1254. 5Paragraph 5
  1255. Provisions relating to liquidator
  1256. 6Paragraph 6
  1257. Winding up under supervision of the court
  1258. 7Paragraph 7
  1259. Saving for power to make rules
  1260. 8Paragraph 8
  1261. Setting aside of preferences and other transactions
  1262. 9Paragraph 9
  1263. Bankruptcy (general)
  1264. 10Paragraph 10
  1265. 11Paragraph 11
  1266. 12Paragraph 12
  1267. Discharge from old bankruptcy
  1268. 13Paragraph 13
  1269. Provisions relating to trustee
  1270. 14Paragraph 14
  1271. Copyright
  1272. 15Paragraph 15
  1273. Second bankruptcy
  1274. 16Paragraph 16
  1275. Setting aside of preferences and other transactions
  1276. 17Paragraph 17
  1277. Bankruptcy offences
  1278. 18Paragraph 18
  1279. Power to make rules
  1280. 19Paragraph 19
  1281. 20Paragraph 20
  1282. Part IV: Insolvency Practitioners
  1283. 21Paragraph 21
  1284. Part V: General Transitional Provisions and Savings
  1285. Interpretation for this Part
  1286. 22Paragraph 22
  1287. General saving for past acts and events
  1288. 23Paragraph 23
  1289. Periods of time
  1290. 24Paragraph 24
  1291. Internal cross-references in this Act
  1292. 25Paragraph 25
  1293. Punishment of offences
  1294. 26Paragraph 26
  1295. References elsewhere to the former enactments
  1296. 27Paragraph 27
  1297. Saving for power to repeal provisions in section 51
  1298. 28Paragraph 28
  1299. Saving for Interpretation Act 1978 ss. 16, 17
  1300. 29Paragraph 29
  1301. Schedule 12Enactments Repealed
  1302. Schedule 13: Consequential Amendments of Companies Act 1985
  1303. IInternal and Other Section References Amended or Re-amended
  1304. Part II: Amendement of Part XXVI (Interpretation)
  1305. Paragraph
  1306. Schedule 14Consequential Amendments of other Enactments