# Insolvency Act 1986, Section 31: Disqualification of bankrupt or person in respect of whom a debt relief order is made

Extent: E+W+S

(1) A person commits an offence if he acts as receiver or manager of the property of a company on behalf of debenture holders while—
(a) he is an undischarged bankrupt,
(aa) a moratorium period under a debt relief order applies in relation to him, or
(b) a bankruptcy restrictions order or a debt relief restrictions order is in force in respect of him.
(2) A person guilty of an offence under subsection (1) shall be liable to imprisonment, a fine or both.
(3) This section does not apply to a receiver or manager acting under an appointment made by the court.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/31 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.