Article 261 Statement of affairsF1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

art. 261(1) substituted by Insolvency (Amendment) Act (Northern Ireland) 2026 Sch. 3 para. 13(2)
art. 261(2A) inserted by Insolvency (Amendment) Act (Northern Ireland) 2026 Sch. 3 para. 13(3)
art. 261(3)(a)(b) substituted by Insolvency (Amendment) Act (Northern Ireland) 2026 Sch. 3 para. 13(4)
art. 261(4)(a) words substituted by Insolvency (Amendment) Act (Northern Ireland) 2026 Sch. 3 para. 13(5)

(1)

Where a bankruptcy order has been made otherwise than on a debtor's petition, the bankrupt shall submit a statement of his affairs to the official receiver within 21 days from the commencement of the bankruptcy.

(2)

The statement of affairs shall contain—

(a)

such particulars of the bankrupt's creditors and of his debts and other liabilities and of his assets as may be prescribed, and

(b)

such other information as may be prescribed.

(3)

The official receiver may, if he thinks fit—

(a)

release the bankrupt from his duty under paragraph (1), or

(b)

extend the period specified in paragraph (1);

and where the official receiver has refused to exercise a power conferred by this Article, the High Court, if it thinks fit, may exercise it.

(4)

A bankrupt who—

(a)

without reasonable excuse fails to comply with the obligation imposed by this Article, or

(b)

without reasonable excuse submits a statement of affairs that does not comply with the prescribed requirements,

is guilty of a contempt of court and liable to be punished accordingly (in addition to any other punishment to which he may be subject).

Annotations

Textual amendments

F1: mod. by SR 1991/365

Notes on Part IX

Modifications

C1: Pts. VIII-X (arts. 209-345) modified by Foyle Fisheries Act (Northern Ireland) 1952 (c. 5), s. 52K(2) (as inserted (prosp.) by Foyle and Carlingford Fisheries (Northern Ireland) Order 2007 (S.I. 2007/915 (N.I. 9)), arts. 1(3), 3(1) (with art. 32))