OpenLegislation

Insolvency Act 1986 in Wales

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. 43Power to dispose of charged property, etc.
  146. 44Agency and liability for contracts.
  147. 45Vacation of office.
  148. Administrative receivers: ascertainment and investigation of company’s affairs
  149. 46Information to be given by administrative receiver.
  150. 47Statement of affairs to be submitted.
  151. 48Report by administrative receiver.
  152. 49Committee of creditors.
  153. 50Extent of this Chapter.
  154. 52Circumstances justifying appointment.
  155. 55Powers of receiver.
  156. 56Precedence among receivers.
  157. 58Remuneration of receiver.
  158. 59Priority of debts.
  159. 60Distribution of moneys.
  160. 63Powers of court.
  161. 65Information to be given by receiver.
  162. 71Prescription of forms, etc.; regulations.
  163. Chapter III: Receivers’ Powers in Great Britain as a Whole
  164. 72Cross-border operation of receivership provisions.
  165. Chapter IV: PROHIBITION OF APPOINTMENT OF ADMINISTRATIVE RECEIVER
  166. 72AFloating charge holder not to appoint administrative receiver
  167. 72BFirst exception: capital market
  168. 72CSecond exception: public-private partnership
  169. 72DThird exception: utilities
  170. 72DAException in respect of urban regeneration projects
  171. 72EFourth exception: project finance
  172. 72FFifth exception: financial market
  173. 72GSixth exception: social landlords
  174. 72GAException in relation to protected railway companies etc.
  175. 72HSections 72A to 72G: supplementary
  176. Part IV: Winding Up of Companies Registered under the Companies Acts
  177. Chapter I: Preliminary
  178. Introductory
  179. 73Scheme of this Part
  180. Contributories
  181. 74Liability as contributories of present and past members.
  182. 75Directors, etc. with unlimited liability. Repealed
  183. 76Liability of past directors and shareholders.
  184. 77Limited company formerly unlimited.
  185. 78Unlimited company formerly limited.
  186. 79Meaning of “contributory”.
  187. 80Nature of contributory’s liability.
  188. 81Contributories in case of death of a member.
  189. 82Effect of contributory’s bankruptcy.
  190. 83Companies registered but not formed under the Companies Act 2006
  191. Chapter II: Voluntary Winding Up (Introductory and General)
  192. Resolutions for, and commencement of, voluntary winding up
  193. 84Circumstances in which company may be wound up voluntarily.
  194. 85Notice of resolution to wind up.
  195. 86Commencement of winding up.
  196. Consequences of resolution to wind up
  197. 87Section 87
  198. 88Avoidance of share transfers, etc. after winding-up resolution.
  199. Declaration of solvency
  200. 89Statutory declaration of solvency.
  201. 90Distinction between “members’” and “creditors’” voluntary winding up.
  202. Chapter III: Members’ Voluntary Winding Up
  203. 91Appointment of liquidator.
  204. 92Power to fill vacancy in office of liquidator.
  205. 92AProgress report to company ...
  206. 93General company meeting at each year’s end (Scotland) Repealed
  207. 94Final account prior to dissolution
  208. 95Effect of company’s insolvency.
  209. 96Conversion to creditors’ voluntary winding up.
  210. Chapter IV: Creditors’ Voluntary Winding Up
  211. 97Application of this Chapter.
  212. 98Meeting of creditors. Repealed
  213. 99Directors to lay statement of affairs before creditors.
  214. 100Appointment of liquidator.
  215. 101Appointment of liquidation committee.
  216. 102Creditors’ meeting where winding up converted under s. 96. Repealed
  217. 103Cesser of directors’ powers.
  218. 104Vacancy in office of liquidator.
  219. 104AProgress report to company and creditors ... ...
  220. 105Meetings of company and creditors at each year’s end (Scotland). Repealed
  221. 106Final account prior to dissolution.
  222. Chapter V: Provisions Applying to both kinds of Voluntary Winding Up
  223. 107Distribution of company’s property.
  224. 108Appointment or removal of liquidator by the court.
  225. 109Notice by liquidator of his appointment.
  226. 110Acceptance of shares, etc., as consideration for sale of company property.
  227. 111Dissent from arrangement under s. 110.
  228. 112Reference of questions to court.
  229. 113Court’s power to control proceedings (Scotland).
  230. 114No liquidator appointed or nominated by company.
  231. 115Expenses of voluntary winding up.
  232. 116Saving for certain rights.
  233. Chapter VI: Winding Up by the Court
  234. Jurisdiction (England and Wales)
  235. 117High Court and county court jurisdiction.
  236. 118Proceedings taken in wrong court.
  237. 119Proceedings in county court; case stated for High Court.
  238. Jurisdiction (Scotland)
  239. 120Court of Session and sheriff court jurisdiction.
  240. 121Power to remit winding up to Lord Ordinary.
  241. Grounds and effect of winding-up petition
  242. 122Circumstances in which company may be wound up by the court.
  243. 123Definition of inability to pay debts.
  244. 124Application for winding up.
  245. 124APetition for winding up on grounds of public interest.
  246. 124BPetition for winding up of SE Repealed
  247. 124CPetition for winding up of SCE Repealed
  248. 125Powers of court on hearing of petition.
  249. 126Power to stay or restrain proceedings against company.
  250. 127Avoidance of property dispositions, etc.
  251. 128Avoidance of attachments, etc.
  252. Commencement of winding up
  253. 129Commencement of winding up by the court.
  254. 130Consequences of winding-up order.
  255. Investigation procedures
  256. 131Company’s statement of affairs.
  257. 132Investigation by official receiver.
  258. 133Public examination of officers
  259. 134Enforcement of s. 133.
  260. Appointment of liquidator
  261. 135Appointment and powers of provisional liquidator.
  262. 136Functions of official receiver in relation to office of liquidator.
  263. 137Appointment by Secretary of State.
  264. 138Appointment of liquidator in Scotland.
  265. 139Choice of liquidator by creditors and contributories.
  266. 140Appointment by the court following administration or voluntary arrangement.
  267. Liquidation committees
  268. 141Liquidation committee (England and Wales).
  269. 142Liquidation committee (Scotland).
  270. The liquidator’s functions
  271. 143General functions in winding up by the court.
  272. 144Custody of company’s property.
  273. 145Vesting of company property in liquidator.
  274. 146Final account
  275. 146AOfficial receiver’s duty to send statement to registrar about other proceedings Repealed
  276. General powers of court
  277. 147Power to stay or sist winding up.
  278. 148Settlement of list of contributories and application of assets.
  279. 149Debts due from contributory to company.
  280. 150Power to make calls.
  281. 151Payment into bank of money due to company. Repealed
  282. 152Order on contributory to be conclusive evidence.
  283. 153Power to exclude creditors not proving in time.
  284. 154Adjustment of rights of contributories.
  285. 155Inspection of books by creditors, etc.
  286. 156Payment of expenses of winding up.
  287. 157Attendance at company meetings (Scotland).
  288. 158Power to arrest absconding contributory.
  289. 159Powers of court to be cumulative.
  290. 160Delegation of powers to liquidator (England and Wales).
  291. Enforcement of, and appeal from, orders
  292. 161Orders for calls on contributories (Scotland).
  293. 162Appeals from orders in Scotland.
  294. Chapter VII: Liquidators
  295. Preliminary
  296. 163Style and title of liquidators.
  297. 164Corrupt inducement affecting appointment.
  298. Liquidator’s powers and duties
  299. 165Voluntary winding up.
  300. 166Creditors’ voluntary winding up.
  301. 167Winding up by the court.
  302. 168Supplementary powers (England and Wales).
  303. 169Supplementary powers (Scotland).
  304. 170Enforcement of liquidator’s duty to make returns, etc.
  305. Removal; vacation of office
  306. 171Removal, etc. (voluntary winding up).
  307. 172Removal, etc. (winding up by the court).
  308. Release of liquidator
  309. 173Release (voluntary winding up).
  310. 174Release (winding up by the court).
  311. Chapter VIII: Provisions of General Application in Winding Up
  312. Moratorium: order of priority of payment of debts
  313. 174AMoratorium debts etc: priority
  314. Preferential debts
  315. 175Preferential debts (general provision).
  316. 176Preferential charge on goods distrained , etc.
  317. Non-preferential debts
  318. 176AZANon-preferential debts of financial institutions
  319. Property subject to floating charge
  320. 176ZAPayment of expenses of winding up (England and Wales)
  321. 176ZBApplication of proceeds of office-holder claims
  322. 176AShare of assets for unsecured creditors
  323. Special managers
  324. 177Power to appoint special manager.
  325. Disclaimer (England and Wales only)
  326. 178Power to disclaim onerous property.
  327. 179Disclaimer of leaseholds.
  328. 180Land subject to rentcharge.
  329. 181Powers of court (general).
  330. 182Powers of court (leaseholds).
  331. Execution, attachment and the Scottish equivalents
  332. 183Effect of execution or attachment (England and Wales).
  333. 184Duties of officers charged with execution of writs and other processes (England and Wales).
  334. 185Effect of diligence (Scotland)
  335. Miscellaneous matters
  336. 186Rescission of contracts by the court.
  337. 187Power to make over assets to employees.
  338. 188Notification that company is in liquidation.
  339. 189Interest on debts.
  340. 190Documents exempt from stamp duty.
  341. 191Company’s books to be evidence.
  342. 192Information as to pending liquidations.
  343. 193Unclaimed dividends (Scotland).
  344. 194Resolutions passed at adjourned meetings. Repealed
  345. 195Court's powers to ascertain wishes of creditors or contributories.
  346. 196Judicial notice of court documents.
  347. 197Commission for receiving evidence.
  348. 198Court order for examination of persons in Scotland.
  349. 199Costs of application for leave to proceed (Scottish companies).
  350. 200Affidavits etc. in United Kingdom and overseas.
  351. Chapter IX: Dissolution of Companies After Winding Up
  352. 201Dissolution (voluntary winding up).
  353. 202Early dissolution (England and Wales).
  354. 203Consequence of notice under s. 202.
  355. 204Early dissolution (Scotland).
  356. 205Dissolution otherwise than under ss. 202-204.
  357. Chapter X: Malpractice before and during Liquidation; Penalisation of Companies and Company Officers; Investigations and Prosecutions
  358. Offences of fraud, deception, etc.
  359. 206Fraud, etc. in anticipation of winding up.
  360. 207Transactions in fraud of creditors.
  361. 208Misconduct in course of winding up.
  362. 209Falsification of company’s books.
  363. 210Material omissions from statement relating to company’s affairs.
  364. 211False representations to creditors.
  365. Penalisation of directors and officers
  366. 212Summary remedy against delinquent directors, liquidators, etc.
  367. 213Fraudulent trading.
  368. 214Wrongful trading.
  369. 215Proceedings under ss. 213, 214.
  370. 216Restriction on re-use of company names.
  371. 217Personal liability for debts, following contravention of s. 216.
  372. Investigation and prosecution of malpractice
  373. 218Prosecution of delinquent officers and members of company.
  374. 219Obligations arising under s. 218.
  375. Part V: Winding Up of Unregistered Companies
  376. 220Meaning of “unregistered company”.
  377. 221Winding up of unregistered companies.
  378. 222Inability to pay debts: unpaid creditor for £750 or more.
  379. 223Inability to pay debts: debt remaining unsatisfed after action brought.
  380. 224Inability to pay debts: other cases.
  381. 225Company incorporated outside Great Britain may be wound up though dissolved.
  382. 226Contributories in winding up of unregistered company.
  383. 227Power of court to stay, sist or restrain proceedings.
  384. 228Actions stayed on winding-up order.
  385. 229Provisions of this Part to be cumulative.
  386. Part VI: Miscellaneous Provisions Applying to Companies Which are Insolvent or in Liquidation
  387. Office-holders
  388. 230Holders of office to be qualified insolvency practitioners.
  389. 231Appointment to office of two or more persons.
  390. 232Validity of office-holder’s acts.
  391. Management by administrators, liquidators, etc.
  392. 233Supplies of gas, water, electricity, etc.
  393. 233AFurther protection of essential supplies
  394. 233BProtection of supplies of goods and services
  395. 233CPowers to amend section 233B and Schedule 4ZZA
  396. 234Getting in the company’s property.
  397. 235Duty to co-operate with office-holder.
  398. 236Inquiry into company’s dealings, etc.
  399. 237Court’s enforcement powers under s. 236.
  400. Adjustment of prior transactions (administration and liquidation)
  401. 238Transactions at an undervalue (England and Wales).
  402. 239Preferences (England and Wales).
  403. 240“Relevant time” under ss. 238, 239.
  404. 241Orders under ss. 238, 239.
  405. 244Extortionate credit transactions.
  406. 245Avoidance of certain floating charges.
  407. 246Unenforceability of liens on books, etc.
  408. Administration: penalisation of directors etc
  409. 246ZAFraudulent trading: administration
  410. 246ZBWrongful trading: administration
  411. 246ZCProceedings under section 246ZA or 246ZB
  412. Power to assign certain causes of action
  413. 246ZDPower to assign
  414. Decisions by creditors and contributories
  415. 246ZEDecisions by creditors and contributories: general
  416. 246ZFDeemed consent procedure
  417. 246ZGPower to amend sections 246ZE and 246ZF
  418. Chapter
  419. Remote attendance at meetings
  420. 246ARemote attendance at meetings
  421. Chapter
  422. Giving of notices etc by office-holders
  423. 246BUse of websites
  424. 246CCreditors' ability to opt out of receiving certain notices
  425. Part VII: Interpretation for First Group of Parts
  426. 247“Insolvency” and “go into liquidation”.
  427. 248“Secured creditor”, etc.
  428. 248A“Opted-out creditor”
  429. 249“Connected” with a company.
  430. 250“Member” of a company.
  431. 251Expressions used generally.
  432. The Second Group of PartsInsolvency of Individuals; Bankruptcy
  433. Part 7A: Debt relief orders
  434. Preliminary
  435. 251ADebt relief orders
  436. Applications for a debt relief order
  437. 251BMaking of application
  438. 251CDuty of official receiver to consider and determine application
  439. 251DPresumptions applicable to the determination of an application
  440. Making and effect of debt relief order
  441. 251EMaking of debt relief orders
  442. 251FEffect of debt relief order on other debt management arrangements
  443. 251GMoratorium from qualifying debts
  444. 251HThe moratorium period
  445. 251IDischarge from qualifying debts
  446. Duties of debtor
  447. 251JProviding assistance to official receiver etc
  448. Objections, investigations and revocation
  449. 251KObjections and investigations
  450. 251LPower of official receiver to revoke or amend a debt relief order
  451. Role of the court
  452. 251MPowers of court in relation to debt relief orders
  453. 251NInquiry into debtor's dealings and property
  454. Offences
  455. 251OFalse representations and omissions
  456. 251PConcealment or falsification of documents
  457. 251QFraudulent disposal of property
  458. 251RFraudulent dealing with property obtained on credit
  459. 251SObtaining credit or engaging in business
  460. 251TOffences: supplementary
  461. Supplementary
  462. 251UApproved intermediaries
  463. 251VDebt relief restrictions orders and undertakings
  464. 251WRegister of debt relief orders etc
  465. 251XInterpretation
  466. Part VIII: Individual Voluntary Arrangements
  467. Moratorium for insolvent debtor
  468. 252Interim order of court.
  469. 253Application for interim order.
  470. 254Effect of application.
  471. 255Cases in which interim order can be made.
  472. 256Nominee’s report on debtor’s proposal.
  473. Procedure where no interim order made
  474. 256ADebtor’s proposal and nominee’s report.
  475. Creditors’ decisions
  476. 257Consideration of debtor's proposal by creditors
  477. Consideration and implementation of debtor’s proposal
  478. 258Approval of debtor's proposal
  479. 259Report of decisions to court.
  480. 260Effect of approval.
  481. 261Additional effect on undischarged bankrupt
  482. 262Challenge of creditors' decision.
  483. 262AFalse representations etc.
  484. 262BProsecution of delinquent debtors.
  485. 262CArrangements coming to an end prematurely.
  486. 263Implementation and supervision of approved voluntary arrangement.
  487. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  488. 263AAvailability Repealed
  489. 263BDecision Repealed
  490. 263CResult Repealed
  491. 263DApproval of voluntary arrangement Repealed
  492. 263EImplementation Repealed
  493. 263FRevocation Repealed
  494. 263GOffences Repealed
  495. Part IX: Bankruptcy
  496. Chapter A1: Adjudicators: bankruptcy applications by debtors and bankruptcy orders
  497. 263HBankruptcy applications to an adjudicator
  498. 263IDebtors against whom an adjudicator may make a bankruptcy order
  499. 263JConditions applying to bankruptcy application
  500. 263KDetermination of bankruptcy application
  501. 263LAdjudicator's requests for further information
  502. 263MMaking of bankruptcy order
  503. 263NRefusal to make a bankruptcy order: review and appeal etc.
  504. 263OFalse representations and omissions
  505. Chapter I: The court: bankruptcy petitions and bankruptcy orders
  506. Preliminary
  507. 264Who may present a bankruptcy petition.
  508. 265Creditor's petition: debtors against whom the court may make a bankruptcy order.
  509. 266Other preliminary conditions.
  510. Creditor’s petition
  511. 267Grounds of creditor’s petition.
  512. 268Definition of “inability to pay”, etc.; the statutory demand.
  513. 269Creditor with security.
  514. 270Expedited petition.
  515. 271Proceedings on creditor’s petition.
  516. ...
  517. 272Grounds of debtor’s petition. Repealed
  518. 273Appointment of insolvency practitioner by the court. Repealed
  519. 274Action on report of insolvency practitioner. Repealed
  520. 274ADebtor who meets conditions for a debt relief order Repealed
  521. 275Summary administration. Repealed
  522. Other cases for special consideration
  523. 276Default in connection with voluntary arrangement.
  524. 277Petition based on criminal bankruptcy order.
  525. Chapter IA: Commencement and duration of bankruptcy
  526. 278Commencement and continuance.
  527. 279Duration
  528. 280Discharge by order of the court.
  529. 281Effect of discharge.
  530. 281APost-discharge restrictions
  531. 282Court’s power to annul bankruptcy order.
  532. Chapter II: Protection of Bankrupt’s Estate and Investigation of His Affairs
  533. 283Definition of bankrupt’s estate.
  534. 283ABankrupt’s home ceasing to form part of estate
  535. 284Restrictions on dispositions of property.
  536. 285Restriction on proceedings and remedies.
  537. 286Power to appoint interim receiver.
  538. 287Powers of interim receiver.
  539. 288Statement of affairs.
  540. 289Investigatory duties of official receiver
  541. 290Public examination of bankrupt.
  542. 291Duties of bankrupt in relation to official receiver.
  543. Chapter III: Trustees in Bankruptcy
  544. Tenure of office as trustee
  545. 291AFirst trustee in bankruptcy
  546. 292Appointment of trustees: general provision
  547. 293Summoning of meeting to appoint first trustee. Repealed
  548. 294Power of creditors to requisition meeting. Repealed
  549. 295Failure of meeting to appoint trustee. Repealed
  550. 296Appointment of trustee by Secretary of State.
  551. 297Special cases. Repealed
  552. 298Removal of trustee; vacation of office.
  553. 299Release of trustee.
  554. 300Vacancy in office as trustee.
  555. Control of trustee
  556. 301Creditors’ committee.
  557. 302Exercise by Secretary of State of functions of creditors’ committee.
  558. 303General control of trustee by the court.
  559. 304Liability of trustee.
  560. Chapter IV: Administration by Trustee
  561. Preliminary
  562. 305General functions of trustee.
  563. Acquisition, control and realisation of bankrupt’s estate
  564. 306Vesting of bankrupt’s estate in trustee.
  565. 306AProperty subject to restraint order
  566. 306AAProperty released from detention
  567. 306BProperty in respect of which receivership or administration order made
  568. 306BAProperty in respect of which realisation order made
  569. 306CProperty subject to certain orders where confiscation order discharged or quashed
  570. 307After-acquired property.
  571. 308Vesting in trustee of certain items of excess value.
  572. 308AVesting in trustee of certain tenancies.
  573. 309Time-limit for notice under s. 307 or 308.
  574. 310Income payments orders.
  575. 310AIncome payments agreement
  576. 311Acquisition by trustee of control.
  577. 312Obligation to surrender control to trustee.
  578. 313Charge on bankrupt’s home.
  579. 313ALow value home: application for sale, possession or charge
  580. 314Powers of trustee.
  581. Disclaimer of onerous property
  582. 315Disclaimer (general power).
  583. 316Notice requiring trustee’s decision.
  584. 317Disclaimer of leaseholds.
  585. 318Disclaimer of dwelling house.
  586. 319Disclaimer of land subject to rentcharge.
  587. 320Court order vesting disclaimed property.
  588. 321Order under s. 320 in respect of leaseholds.
  589. Distribution of bankrupt’s estate
  590. 322Proof of debts.
  591. 323Mutual credit and set-off.
  592. 324Distribution by means of dividend.
  593. 325Claims by unsatisfied creditors.
  594. 326Distribution of property in specie.
  595. 327Distribution in criminal bankruptcy.
  596. 328Priority of debts.
  597. 329Debts to spouse.
  598. 330Final distribution.
  599. 331Final report.
  600. 332Saving for bankrupt’s home.
  601. Supplemental
  602. 333Duties of bankrupt in relation to trustee.
  603. 334Stay of distribution in case of second bankruptcy.
  604. 335Adjustment between earlier and later bankruptcy estates.
  605. Chapter V: Effect of Bankruptcy on Certain Rights Transacttions, Etc.
  606. Rights under trusts of land
  607. 335ARights under trusts of land.
  608. Rights of occupation
  609. 336Rights of occupation etc. of bankrupt’s spouse or civil partner.
  610. 337Rights of occupation of bankrupt.
  611. 338Payments in respect of premises occupied by bankrupt.
  612. Adjustment of prior transactions, etc.
  613. 339Transactions at an undervalue.
  614. 340Preferences.
  615. 341“Relevant time” under ss. 339, 340.
  616. 342Orders under ss. 339, 340.
  617. 342ARecovery of excessive pension contributions.
  618. 342BOrders under section 342A.
  619. 342COrders under section 342A: supplementary.
  620. 342DRecovery of excessive contributions in pension-sharing cases.
  621. 342EOrders under section 339 or 340 in respect of pension-sharing transactions.
  622. 342FOrders under section 339 or 340 in pension-sharing cases: supplementary.
  623. 343Extortionate credit transactions.
  624. 344Avoidance of general assignment of book debts.
  625. 345Contracts to which bankrupt is a party.
  626. 346Enforcement procedures.
  627. 347Distress, etc.
  628. 348Apprenticeships, etc.
  629. 349Unenforceability of liens on books, etc.
  630. 349AArbitration agreements to which bankrupt is party.
  631. Chapter VI: Bankruptcy Offences
  632. Preliminary
  633. 350Scheme of this Chapter.
  634. 351Definitions.
  635. 352Defence of innocent intention.
  636. Wrongdoing by the bankrupt before and after bankruptcy
  637. 353Non-disclosure.
  638. 354Concealment of property.
  639. 355Concealment of books and papers; falsification.
  640. 356False statements.
  641. 357Fraudulent disposal of property.
  642. 358Absconding.
  643. 359Fraudulent dealing with property obtained on credit.
  644. 360Obtaining credit; engaging in business.
  645. 361Failure to keep proper accounts of business. Repealed
  646. 362Gambling. Repealed
  647. Chapter VII: Powers of Court In Bankruptcy
  648. 363General control of court.
  649. 364Power of arrest.
  650. 365Seizure of bankrupt’s property.
  651. 366Inquiry into bankrupt’s dealings and property.
  652. 367Court’s enforcement powers under s. 366.
  653. 368Provision corresponding to s. 366, where interim receiver appointed.
  654. 369Order for production of documents by inland revenue.
  655. 370Power to appoint special manager.
  656. 371Re-direction of bankrupt’s letters, etc.
  657. Part X: Individual Insolvency: General Provisions
  658. 372Supplies of gas, water, electricity, etc.
  659. 372AFurther protection of essential supplies
  660. 373Jurisdiction in relation to insolvent individuals.
  661. 374Insolvency districts.
  662. 375Appeals etc. from courts exercising insolvency jurisdiction.
  663. 376Time-limits.
  664. 377Formal defects.
  665. 378Exemption from stamp duty.
  666. 379Annual report.
  667. Creditors' decisions
  668. 379ZACreditors' decisions: general
  669. 379ZBDeemed consent procedure
  670. 379ZCPower to amend sections 379ZA and 379ZB
  671. Chapter
  672. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  673. 379ARemote attendance at meetings Repealed
  674. Chapter
  675. Giving of notices etc by office-holders
  676. 379BUse of websites
  677. 379CCreditors' ability to opt out of receiving certain notices
  678. Part XI: Interpretation for Second Group of Parts
  679. 380Introductory.
  680. 381“Bankrupt” and associated terminology.
  681. 382“Bankruptcy debt” , “liability”
  682. 383“Creditor”, “security”, etc.
  683. 383A“Opted-out creditor”
  684. 384“Prescribed” and “the rules”.
  685. 385Miscellaneous definitions.
  686. The Third Group of PartsMiscellaneous Matters Bearing on Both Company and Individual Insolvency; General Interpretation; Final Provisions
  687. Part XII: Preferential and non-preferential debts in Company and Individual Insolvency
  688. 386Categories of preferential debts.
  689. 387“The relevant date”.
  690. 387AFinancial institutions and their non-preferential debts
  691. Part XIII: Insolvency Practitioners and their Qualification
  692. Restrictions on unqualified persons acting as liquidator, trustee in bankruptcy, etc.
  693. 388Meaning of “act as insolvency practitioner”
  694. 389Acting without qualification an offence.
  695. 389AAuthorisation of nominees and supervisors. Repealed
  696. 389BOfficial receiver as nominee or supervisor
  697. 390Persons not qualified to act as insolvency practitioners.
  698. 390AAuthorisation
  699. 390BPartial authorisation: acting in relation to partnerships
  700. 391Recognised professional bodies
  701. 391AApplication for recognition as recognised professional body
  702. Regulatory objectives
  703. 391BApplication of regulatory objectives
  704. 391CMeaning of “regulatory functions” and “regulatory objectives”
  705. Oversight of recognised professional bodies
  706. 391DDirections
  707. 391EDirections: procedure
  708. 391FFinancial penalty
  709. 391GFinancial penalty: procedure
  710. 391HAppeal against financial penalty
  711. 391IRecovery of financial penalties
  712. 391JReprimand
  713. 391KReprimand: procedure
  714. Revocation etc of recognition
  715. 391LRevocation of recognition at instigation of Secretary of State
  716. 391MOrders under section 391L: procedure
  717. 391NRevocation of recognition at request of body
  718. Court sanction of insolvency practitioners in public interest cases
  719. 391ODirect sanctions orders
  720. 391PApplication for, and power to make, direct sanctions order
  721. 391QDirect sanctions order: conditions
  722. 391RDirect sanctions direction instead of order
  723. General
  724. 391SPower for Secretary of State to obtain information
  725. 391TCompliance orders
  726. The requisite qualification, and the means of obtaining it
  727. 392Authorisation by competent authority. Repealed
  728. 393Grant, refusal and withdrawal of authorisation. Repealed
  729. 394Notices. Repealed
  730. 395Right to make representations. Repealed
  731. 396Reference to Tribunal. Repealed
  732. 397Action of Tribunal on reference. Repealed
  733. 398Refusal or withdrawal without reference to Tribunal. Repealed
  734. Part XIV: Public Administration (England and Wales)
  735. Adjudicators
  736. 398AAppointment etc of adjudicators and assistants
  737. Official receivers
  738. 399Appointment, etc. of official receivers.
  739. 400Functions and status of official receivers.
  740. 401Deputy official receivers and staff.
  741. The Official Petitioner
  742. 402Official Petitioner.
  743. Insolvency Service finance, accounting and investment
  744. 403Insolvency Services Account.
  745. 404Investment Account.
  746. 405Application of income in Investment Account; adjustment of balances. Repealed
  747. 406Interest on money received by liquidators or trustees in bankruptcy and invested.
  748. 407Unclaimed dividends and undistributed balances.
  749. 408Adjustment of balances
  750. 409Annual financial statement and audit.
  751. Supplementary
  752. 410Extent of this Part.
  753. Part XV: Subordinate Legislation
  754. General insolvency rules
  755. 411Company insolvency rules.
  756. 412Individual insolvency rules (England and Wales).
  757. 413Insolvency Rules Committee.
  758. Fees orders
  759. 414Fees orders (company insolvency proceedings).
  760. 415Fees orders (individual insolvency proceedings in England and Wales).
  761. 415AFees orders (general)
  762. Specification, increase and reduction of money sums relevant in the operation of this Act
  763. 415BMonetary limits (company moratorium)
  764. 416Monetary limits (companies winding up).
  765. 417Money sum in s. 222.
  766. 417AMoney sums (company moratorium). Repealed
  767. 418Monetary limits (bankruptcy).
  768. Insolvency practice
  769. 419Regulations for purposes of Part XIII.
  770. Other order-making powers
  771. 420Insolvent partnerships.
  772. 421Insolvent estates of deceased persons.
  773. 421AInsolvent estates: joint tenancies.
  774. 422Formerly authorised banks.
  775. 422AMeaning of “relevant offence”
  776. Part XVI: Provisions Against Debt Avoidance (England and Wales only)
  777. 423Transactions defrauding creditors.
  778. 424Those who may apply for an order under s. 423.
  779. 425Provision which may be made by order under s. 423.
  780. Part XVII: Miscellaneous and General
  781. 426Co-operation between courts exercising jurisdiction in relation to insolvency.
  782. 426ADisqualification from Parliament (England and Wales and Northern Ireland)
  783. 426BDevolution
  784. 426CIrrelevance of privilege
  785. 427Disqualification from Parliament (Scotland ...)
  786. 428Exemptions from Restrictive Trade Practices Act.
  787. 429Disabilities on revocation of administration order against an individual.
  788. 430Provision introducing Schedule of punishments.
  789. 431Summary proceedings.
  790. 432Offences by bodies corporate.
  791. 433Admissibility in evidence of statements of affairs, etc.
  792. 434Crown application.
  793. Part 17A: SUPPLEMENTARY PROVISIONS
  794. 434AIntroductory
  795. 434BRepresentation of corporations in decision procedures and at meetings
  796. 434CLegal professional privilege
  797. 434DEnforcement of company's filing obligations
  798. 434EApplication of filing obligations to overseas companies
  799. Part XVIII: Interpretation
  800. 435Meaning of “associate”.
  801. 436Expressions used generally.
  802. 436AProceedings under EU Regulations: modified definition of property Repealed
  803. 436BReferences to things in writing
  804. Part XIX: Final Provisions
  805. 437Transitional provisions, and savings.
  806. 438Repeals.
  807. 439Amendment of enactments.
  808. 440Extent (Scotland).
  809. 441Extent (Northern Ireland).
  810. 442Extent (other territories).
  811. 443Commencement.
  812. 444Citation.
  813. Schedule ZA1: Moratorium: Eligible companies
  814. 1Eligible companies
  815. 2Companies subject to, or recently subject to, moratorium or an insolvency procedure
  816. 2APrivate registered providers of social housing
  817. 3Insurance companies
  818. 4Banks
  819. 5Electronic money institutions
  820. 6Investment banks and investment firms
  821. 7Companies that are party to market contracts or subject to market charges, etc
  822. 8Participants in designated systems
  823. 9Payment institutions
  824. 10Operators of payment systems, infrastructure providers etc
  825. 11Recognised investment exchanges, clearing houses and CSDs
  826. 12Securitisation companies
  827. 13Parties to capital market arrangements
  828. 14Parties to capital market arrangements
  829. 15Public-private partnership project companies
  830. 16Public-private partnership project companies
  831. 17Public-private partnership project companies
  832. 18Overseas companies with corresponding functions
  833. 19Interpretation of Schedule
  834. 20Powers to amend Schedule
  835. 21Powers to amend Schedule
  836. 22Powers to amend Schedule
  837. Schedule ZA2: Moratorium: contract or other instrument involving financial services
  838. 1Introductory
  839. 2Financial contracts
  840. 3Securities financing transactions
  841. 4Derivatives
  842. 5Spot contracts
  843. 6Capital market investments
  844. 7Contracts forming part of a public-private partnership
  845. 8Market contracts
  846. 9Qualifying collateral arrangements and qualifying property transfers
  847. 10Contracts secured by certain charges or arrangements
  848. 11Default arrangements and transfer orders
  849. 12Card-based payment transactions
  850. 13Power to amend Schedule
  851. Schedule A1: Moratorium where directors propose voluntary arrangement Repealed
  852. Part ... Repealed
  853. Repealed
  854. Paragraph Repealed
  855. Repealed
  856. Paragraph Repealed
  857. Paragraph Repealed
  858. Paragraph Repealed
  859. Paragraph Repealed
  860. Paragraph Repealed
  861. Paragraph Repealed
  862. Paragraph Repealed
  863. Paragraph Repealed
  864. Paragraph Repealed
  865. Paragraph Repealed
  866. Paragraph Repealed
  867. Paragraph Repealed
  868. Paragraph Repealed
  869. Paragraph Repealed
  870. Paragraph Repealed
  871. Part Repealed
  872. Repealed
  873. Paragraph Repealed
  874. Repealed
  875. Paragraph Repealed
  876. Repealed
  877. Paragraph Repealed
  878. Repealed
  879. Paragraph Repealed
  880. Paragraph Repealed
  881. Repealed
  882. Paragraph Repealed
  883. Part Repealed
  884. Repealed
  885. Paragraph Repealed
  886. Paragraph Repealed
  887. Paragraph Repealed
  888. Repealed
  889. Paragraph Repealed
  890. Repealed
  891. Paragraph Repealed
  892. Repealed
  893. Paragraph Repealed
  894. Repealed
  895. Paragraph Repealed
  896. Paragraph Repealed
  897. Repealed
  898. Paragraph Repealed
  899. Paragraph Repealed
  900. Paragraph Repealed
  901. Repealed
  902. Paragraph Repealed
  903. Part Repealed
  904. Repealed
  905. Paragraph Repealed
  906. Repealed
  907. Paragraph Repealed
  908. Repealed
  909. Paragraph Repealed
  910. Paragraph Repealed
  911. Repealed
  912. Paragraph Repealed
  913. Part Repealed
  914. Repealed
  915. Paragraph Repealed
  916. Repealed
  917. Paragraph Repealed
  918. Repealed
  919. Paragraph Repealed
  920. Repealed
  921. Paragraph Repealed
  922. Paragraph Repealed
  923. Paragraph Repealed
  924. Repealed
  925. Paragraph Repealed
  926. Repealed
  927. Paragraph Repealed
  928. Repealed
  929. Paragraph Repealed
  930. Repealed
  931. Paragraph Repealed
  932. Repealed
  933. Paragraph Repealed
  934. Part Repealed
  935. Repealed
  936. Paragraph Repealed
  937. Repealed
  938. Paragraph Repealed
  939. Paragraph Repealed
  940. Repealed
  941. Paragraph Repealed
  942. Repealed
  943. Paragraph Repealed
  944. Repealed
  945. Paragraph Repealed
  946. Schedule B1: ADMINISTRATION
  947. ARRANGEMENT OF SCHEDULE
  948. Part: NATURE OF ADMINISTRATION
  949. 1Administration
  950. 2Paragraph 2
  951. 3Purpose of administration
  952. 4Paragraph 4
  953. 5Status of administrator
  954. 6General restrictions
  955. 7Paragraph 7
  956. 8Paragraph 8
  957. 9Paragraph 9
  958. Part: APPOINTMENT OF ADMINISTRATOR BY COURT
  959. 10Administration order
  960. 11Conditions for making order
  961. 12Administration application
  962. 13Powers of court
  963. Part: APPOINTMENT OF ADMINISTRATOR BY HOLDER OF FLOATING CHARGE
  964. 14Power to appoint
  965. 15Restrictions on power to appoint
  966. 16Paragraph 16
  967. 17Paragraph 17
  968. 18Notice of appointment
  969. 19Commencement of appointment
  970. 20Paragraph 20
  971. 21Invalid appointment: indemnity
  972. Part: APPOINTMENT OF ADMINISTRATOR BY COMPANY OR DIRECTORS
  973. 22Power to appoint
  974. 23Restrictions on power to appoint
  975. 24Paragraph 24 Repealed
  976. 25Paragraph 25
  977. 25AParagraph 25A
  978. 26Notice of intention to appoint
  979. 27Paragraph 27
  980. 28Paragraph 28
  981. 29Notice of appointment
  982. 30Paragraph 30
  983. 31Commencement of appointment
  984. 32Paragraph 32
  985. 33Paragraph 33
  986. 34Invalid appointment: indemnity
  987. Part: ADMINISTRATION APPLICATION – SPECIAL CASES
  988. 35Application by holder of floating charge
  989. 36Intervention by holder of floating charge
  990. 37Application where company in liquidation
  991. 38Paragraph 38
  992. 39Effect of administrative receivership
  993. Part: EFFECT OF ADMINISTRATION
  994. 40Dismissal of pending winding-up petition
  995. 41Dismissal of administrative or other receiver
  996. 42Moratorium on insolvency proceedings
  997. 43Moratorium on other legal process
  998. 44Interim moratorium
  999. 45Publicity
  1000. Part: PROCESS OF ADMINISTRATION
  1001. 46Announcement of administrator’s appointment
  1002. 47Statement of company’s affairs
  1003. 48Paragraph 48
  1004. 49Administrator’s proposals
  1005. 50Paragraph 50 Repealed
  1006. 51Consideration of administrator's proposals by creditors
  1007. 52Paragraph 52
  1008. 53Creditors' decision
  1009. 54Revision of administrator’s proposals
  1010. 55Failure to obtain approval of administrator’s proposals
  1011. 56Further creditors’ decisions
  1012. 57Creditors’ committee
  1013. 58Paragraph 58 Repealed
  1014. Part: FUNCTIONS OF ADMINISTRATOR
  1015. 59General powers
  1016. 60Paragraph 60
  1017. 60AParagraph 60A
  1018. 61Paragraph 61
  1019. 62Paragraph 62
  1020. 63Paragraph 63
  1021. 64Paragraph 64
  1022. 64ADistribution
  1023. 65Paragraph 65
  1024. 66Paragraph 66
  1025. 67General duties
  1026. 68Paragraph 68
  1027. 69Administrator as agent of company
  1028. 70Charged property: floating charge
  1029. 71Charged property: non-floating charge
  1030. 72Hire-purchase property
  1031. 73Protection for priority creditor
  1032. 74Challenge to administrator’s conduct of company
  1033. 75Misfeasance
  1034. Part: ENDING ADMINISTRATION
  1035. 76Automatic end of administration
  1036. 77Paragraph 77
  1037. 78Paragraph 78
  1038. 79Court ending administration on application of administrator
  1039. 80Termination of administration where objective achieved
  1040. 81Court ending administration on application of creditor
  1041. 82Public interest winding-up
  1042. 83Moving from administration to creditors’ voluntary liquidation
  1043. 84Moving from administration to dissolution
  1044. 85Discharge of administration order where administration ends
  1045. 86Notice to Companies Registrar where administration ends
  1046. Part: REPLACING ADMINISTRATOR
  1047. 87Resignation of administrator
  1048. 88Removal of administrator from office
  1049. 89Administrator ceasing to be qualified
  1050. 90Supplying vacancy in office of administrator
  1051. 91Paragraph 91
  1052. 92Paragraph 92
  1053. 93Paragraph 93
  1054. 94Paragraph 94
  1055. 95Paragraph 95
  1056. 96Substitution of administrator: competing floating charge-holder
  1057. 97Substitution of administrator appointed by company or directors: creditors’ decision
  1058. 98Vacation of office: discharge from liability
  1059. 99Vacation of office: charges and liabilities
  1060. Part: GENERAL
  1061. 100Joint and concurrent administrators
  1062. 101Paragraph 101
  1063. 102Paragraph 102
  1064. 103Paragraph 103
  1065. 104Presumption of validity
  1066. 105Majority decision of directors
  1067. 106Penalties
  1068. 107Extension of time limit
  1069. 108Paragraph 108
  1070. 109Paragraph 109
  1071. 110Amendment of provision about time
  1072. 111Interpretation
  1073. 111ANon-UK companies
  1074. 112Scotland
  1075. 113Paragraph 113
  1076. 114Paragraph 114
  1077. 115Paragraph 115
  1078. 116Paragraph 116
  1079. Schedule 1: Powers of Administrator or Administrative Receiver
  1080. 1Paragraph 1
  1081. 2Paragraph 2
  1082. 3Paragraph 3
  1083. 4Paragraph 4
  1084. 5Paragraph 5
  1085. 6Paragraph 6
  1086. 7Paragraph 7
  1087. 8Paragraph 8
  1088. 9Paragraph 9
  1089. 10Paragraph 10
  1090. 11Paragraph 11
  1091. 12Paragraph 12
  1092. 13Paragraph 13
  1093. 14Paragraph 14
  1094. 15Paragraph 15
  1095. 16Paragraph 16
  1096. 17Paragraph 17
  1097. 18Paragraph 18
  1098. 19Paragraph 19
  1099. 20Paragraph 20
  1100. 21Paragraph 21
  1101. 22Paragraph 22
  1102. 23Paragraph 23
  1103. Schedule 2: Powers of a Scottish Receiver (Additional to Those Conferred on him by the Instrument of Charge)
  1104. 1Paragraph 1
  1105. 2Paragraph 2
  1106. 3Paragraph 3
  1107. 4Paragraph 4
  1108. 5Paragraph 5
  1109. 6Paragraph 6
  1110. 7Paragraph 7
  1111. 8Paragraph 8
  1112. 9Paragraph 9
  1113. 10Paragraph 10
  1114. 11Paragraph 11
  1115. 12Paragraph 12
  1116. 13Paragraph 13
  1117. 14Paragraph 14
  1118. 15Paragraph 15
  1119. 16Paragraph 16
  1120. 17Paragraph 17
  1121. 18Paragraph 18
  1122. 19Paragraph 19
  1123. 20Paragraph 20
  1124. 21Paragraph 21
  1125. 22Paragraph 22
  1126. 23Paragraph 23
  1127. Schedule 2A: EXCEPTIONS TO PROHIBITION ON APPOINTMENT OF ADMINISTRATIVE RECEIVER: SUPPLEMENTARY PROVISIONS
  1128. 1Capital market arrangement
  1129. 2Capital market investment
  1130. 3Paragraph 3
  1131. 4“Agreement”
  1132. 5Debt
  1133. 6Step-in rights
  1134. 7Project company
  1135. 8“Resources”
  1136. 9“Public body”
  1137. 10Regulated business
  1138. 11“Person”
  1139. Schedule 3: Orders in Course of Winding Up Pronounced in Vacation (Scotland)
  1140. IOrders Which are to be Final
  1141. IIOrders Which are to take Effect Until Matter Disposed of by Inner House
  1142. Schedule 4: Powers of Liquidator in a Winding Up
  1143. Part I: ...
  1144. 1Paragraph 1
  1145. 2Paragraph 2
  1146. 3Paragraph 3
  1147. 3AParagraph 3A
  1148. Part II: ...
  1149. 4Paragraph 4
  1150. 5Paragraph 5
  1151. Part III: ...
  1152. 6Paragraph 6
  1153. 6AParagraph 6A Repealed
  1154. 7Paragraph 7
  1155. 8Paragraph 8
  1156. 9Paragraph 9
  1157. 10Paragraph 10
  1158. 11Paragraph 11
  1159. 12Paragraph 12
  1160. 13Paragraph 13
  1161. Schedule 4ZZA: Protection of supplies under section 233B: exclusions
  1162. Part 1: Essential supplies
  1163. 1Essential supplies
  1164. Part 2: Persons involved in financial services
  1165. 2Introductory
  1166. 3Insurers
  1167. 4Banks
  1168. 5Electronic money institutions
  1169. 6Investment banks and investment firms
  1170. 7Payment institutions
  1171. 8Operators of payment systems, infrastructure providers etc
  1172. 9Recognised investment exchanges etc
  1173. 10Securitisation companies
  1174. 11Overseas activities
  1175. Part 3: Contracts involving financial services
  1176. 12Introductory
  1177. 13Financial contracts
  1178. 14Securities financing transactions
  1179. 15Derivatives
  1180. 16Spot contracts
  1181. 17Capital market investments
  1182. 18Contracts forming part of a public-private partnership
  1183. Part 4: Other exclusions
  1184. 19Financial markets and insolvency
  1185. 20Set-off and netting
  1186. 21Aircraft equipment
  1187. Schedule 4ZA: Conditions for making a debt relief order
  1188. Part 1: Conditions which must be met
  1189. Connection with England and Wales
  1190. 1Paragraph 1
  1191. Debtor's previous insolvency history
  1192. 2Paragraph 2
  1193. 3Paragraph 3
  1194. 4Paragraph 4
  1195. 5Paragraph 5
  1196. Limit on debtor's overall indebtedness
  1197. 6Paragraph 6
  1198. Limit on debtor's monthly surplus income
  1199. 7Paragraph 7
  1200. Limit on value of debtor's property
  1201. 8Paragraph 8
  1202. Part 2: Other conditions
  1203. 9Paragraph 9
  1204. 10Paragraph 10
  1205. Schedule 4ZB: Debt relief restrictions orders and undertakings
  1206. Debt relief restrictions order
  1207. 1Paragraph 1
  1208. Grounds for making order
  1209. 2Paragraph 2
  1210. Timing of application for order
  1211. 3Paragraph 3
  1212. Duration of order
  1213. 4Paragraph 4
  1214. Interim debt relief restrictions order
  1215. 5Paragraph 5
  1216. 6Paragraph 6
  1217. Debt relief restrictions undertaking
  1218. 7Paragraph 7
  1219. 8Paragraph 8
  1220. 9Paragraph 9
  1221. Effect of revocation of debt relief order
  1222. 10Paragraph 10
  1223. Schedule 4ASchedule 4A
  1224. 1Bankruptcy restrictions order
  1225. 2Grounds for making order
  1226. 3Timing of application for order
  1227. 4Duration of order
  1228. 5Interim bankruptcy restrictions order
  1229. 6Paragraph 6
  1230. 7Bankruptcy restrictions undertaking
  1231. 8Paragraph 8
  1232. 9Paragraph 9
  1233. 10Effect of annulment of bankruptcy order
  1234. 11Paragraph 11
  1235. 12Registration
  1236. Schedule 5: Powers of Trustee in Bankruptcy
  1237. Part I: ...
  1238. 1Paragraph 1
  1239. 2Paragraph 2
  1240. 2AParagraph 2A
  1241. 3Paragraph 3
  1242. 4Paragraph 4
  1243. 5Paragraph 5
  1244. 6Paragraph 6
  1245. 7Paragraph 7
  1246. 8Paragraph 8
  1247. Part II: ...
  1248. 9Paragraph 9
  1249. 9AParagraph 9A
  1250. 9BParagraph 9B
  1251. 10Paragraph 10
  1252. 11Paragraph 11
  1253. 12Paragraph 12
  1254. 13Paragraph 13
  1255. Part III: ...
  1256. 14Paragraph 14
  1257. Schedule 6: The Categories of Preferential Debts
  1258. Category 1: Debts due to Inland Revenue
  1259. 1Paragraph 1
  1260. 2Paragraph 2
  1261. Category 2: Debts due to Customs and Excise
  1262. 3Paragraph 3
  1263. 3AParagraph 3A
  1264. 3BParagraph 3B
  1265. 3CParagraph 3C
  1266. 3DParagraph 3D
  1267. 4Paragraph 4
  1268. 5Paragraph 5
  1269. 5AParagraph 5A
  1270. 5BParagraph 5B
  1271. 5CParagraph 5C
  1272. Category 3: Social security contributions
  1273. 6Paragraph 6
  1274. 7Paragraph 7
  1275. Category 4: Contributions to occupational pension schemes, etc.
  1276. 8Paragraph 8
  1277. Category 5: Remuneration, etc., of employees
  1278. 9Paragraph 9
  1279. 10Paragraph 10
  1280. 11Paragraph 11
  1281. 12Paragraph 12
  1282. Interpertation for Category 5
  1283. 13Paragraph 13
  1284. 14Paragraph 14
  1285. 15Paragraph 15
  1286. Category 6: Levies on coal and steel production
  1287. 15AParagraph 15A
  1288. Category 6A: Debts owed to the Financial Services Compensation Scheme
  1289. 15AAParagraph 15AA
  1290. Category 7: Deposits covered by Financial Services Compensation Scheme
  1291. 15BParagraph 15B
  1292. Category 8: Other deposits
  1293. 15BAParagraph 15BA
  1294. 15BBParagraph 15BB
  1295. Interpretation for categories 6A, 7 and 8.
  1296. 15CParagraph 15C
  1297. Category 9: Certain HMRC debts
  1298. 15DParagraph 15D
  1299. Orders
  1300. 16Paragraph 16
  1301. Schedule 7: Insolvency Practitioners Tribunal Repealed
  1302. Panels of members Repealed
  1303. 1Paragraph 1 Repealed
  1304. Remuneration of members Repealed
  1305. 2Paragraph 2 Repealed
  1306. Sittings of Tribunal Repealed
  1307. 3Paragraph 3 Repealed
  1308. Procedure of Tribunal Repealed
  1309. 4Paragraph 4 Repealed
  1310. Schedule 8: Provisions Capable of Inclusion in Company Insolvency Rules
  1311. Courts
  1312. 1Paragraph 1
  1313. 2Paragraph 2
  1314. Notices, etc.
  1315. 3Paragraph 3
  1316. 4Paragraph 4
  1317. 5Paragraph 5
  1318. 5AParagraph 5A
  1319. Registration of voluntary arrangements
  1320. 6Paragraph 6
  1321. Provisional liquidator
  1322. 7Paragraph 7
  1323. Conduct of insolvency
  1324. 8Paragraph 8
  1325. 8AParagraph 8A
  1326. 9Paragraph 9
  1327. 9AParagraph 9A
  1328. 10Paragraph 10
  1329. 11Paragraph 11
  1330. 12Paragraph 12
  1331. 13Paragraph 13
  1332. 13AParagraph 13A
  1333. 14Paragraph 14
  1334. 14AParagraph 14A
  1335. 14BAdministration
  1336. Financial provisions
  1337. 15Paragraph 15
  1338. 16Paragraph 16
  1339. 16AParagraph 16A
  1340. 17Paragraph 17
  1341. 18Paragraph 18
  1342. 19Paragraph 19
  1343. Information and records
  1344. 20Paragraph 20
  1345. 21Paragraph 21
  1346. 22Paragraph 22
  1347. 23Paragraph 23
  1348. 24Paragraph 24
  1349. 25Paragraph 25
  1350. 26Paragraph 26
  1351. General
  1352. 27Paragraph 27
  1353. 28Paragraph 28
  1354. 29Paragraph 29
  1355. 30Paragraph 30
  1356. 31Paragraph 31
  1357. Schedule 9: Provisions Capable of Inclusion in Individual Insolvency Rules
  1358. Courts
  1359. 1Paragraph 1
  1360. 2Paragraph 2
  1361. 3Paragraph 3
  1362. 4Paragraph 4
  1363. Adjudicators
  1364. 4AParagraph 4A
  1365. 4BParagraph 4B
  1366. Appeals against determinations by adjudicators
  1367. 4CParagraph 4C
  1368. Notices, etc.
  1369. 5Paragraph 5
  1370. 6Paragraph 6
  1371. 7Paragraph 7
  1372. 7AParagraph 7A
  1373. Debt relief orders
  1374. 7AParagraph 7A
  1375. 7BParagraph 7B
  1376. 7CParagraph 7C
  1377. Debt relief restrictions orders and undertakings
  1378. 7DParagraph 7D
  1379. Register of debt relief orders and debt relief restrictions orders etc
  1380. 7EParagraph 7E
  1381. Registration of voluntary arrangements
  1382. 8Paragraph 8
  1383. 8AOfficial receiver acting on voluntary arrangement
  1384. Interim receiver
  1385. 9Paragraph 9
  1386. Receiver or manager
  1387. 10Paragraph 10 Repealed
  1388. Administration of individual insolvency
  1389. 11Paragraph 11
  1390. 11AParagraph 11A
  1391. 12Paragraph 12
  1392. 12AParagraph 12A
  1393. 13Paragraph 13
  1394. 14Paragraph 14
  1395. 15Paragraph 15
  1396. 16Paragraph 16
  1397. 17Paragraph 17
  1398. 18Paragraph 18
  1399. 18AParagraph 18A
  1400. 19Paragraph 19
  1401. Financial provisions
  1402. 20Paragraph 20
  1403. 21Paragraph 21
  1404. 21AParagraph 21A
  1405. 22Paragraph 22
  1406. 23Paragraph 23
  1407. Information and records
  1408. 24Paragraph 24
  1409. 24AParagraph 24A
  1410. 24BParagraph 24B
  1411. 24CParagraph 24C
  1412. 24DParagraph 24D
  1413. 25Paragraph 25
  1414. 26Paragraph 26
  1415. 27Paragraph 27
  1416. 28Paragraph 28
  1417. 29Paragraph 29
  1418. 29ABankruptcy restrictions orders and undertakings
  1419. General
  1420. 30Paragraph 30
  1421. 31Paragraph 31
  1422. 32Paragraph 32
  1423. 33Paragraph 33
  1424. Schedule 10: Punishment of Offences under this Act
  1425. Paragraph
  1426. Schedule 11: Transitional Provisions and Savings
  1427. Part I: Company Insolvency and Winding Up
  1428. Administration orders
  1429. 1Paragraph 1
  1430. Receivers and managers (England and Wales)
  1431. 2Paragraph 2
  1432. Receivers (Scotland)
  1433. 3Paragraph 3
  1434. Winding up already in progress
  1435. 4Paragraph 4
  1436. Statement of affairs
  1437. 5Paragraph 5
  1438. Provisions relating to liquidator
  1439. 6Paragraph 6
  1440. Winding up under supervision of the court
  1441. 7Paragraph 7
  1442. Saving for power to make rules
  1443. 8Paragraph 8
  1444. Setting aside of preferences and other transactions
  1445. 9Paragraph 9
  1446. Part II: Individual Insolvency
  1447. Bankruptcy (general)
  1448. 10Paragraph 10
  1449. 11Paragraph 11
  1450. 12Paragraph 12
  1451. Discharge from old bankruptcy
  1452. 13Paragraph 13
  1453. Provisions relating to trustee
  1454. 14Paragraph 14
  1455. Copyright
  1456. 15Paragraph 15
  1457. Second bankruptcy
  1458. 16Paragraph 16
  1459. Setting aside of preferences and other transactions
  1460. 17Paragraph 17
  1461. Bankruptcy offences
  1462. 18Paragraph 18
  1463. Power to make rules
  1464. 19Paragraph 19
  1465. Part III: Transitional Effect of Part XVI
  1466. 20Paragraph 20
  1467. Part IV: Insolvency Practitioners
  1468. 21Paragraph 21
  1469. Part V: General Transitional Provisions and Savings
  1470. Interpretation for this Part
  1471. 22Paragraph 22
  1472. General saving for past acts and events
  1473. 23Paragraph 23
  1474. Periods of time
  1475. 24Paragraph 24
  1476. Internal cross-references in this Act
  1477. 25Paragraph 25
  1478. Punishment of offences
  1479. 26Paragraph 26
  1480. References elsewhere to the former enactments
  1481. 27Paragraph 27
  1482. Saving for power to repeal provisions in section 51
  1483. 28Paragraph 28
  1484. Saving for Interpretation Act 1978 ss. 16, 17
  1485. 29Paragraph 29
  1486. Schedule 12Enactments Repealed
  1487. Schedule 13: Consequential Amendments of Companies Act 1985
  1488. IInternal and Other Section References Amended or Re-amended
  1489. Part II: Amendement of Part XXVI (Interpretation)
  1490. Paragraph
  1491. Schedule 14Consequential Amendments of other Enactments