# New Schools (General) (England) Regulations 2003, Paragraph 5: Bankruptcy


A person shall be disqualified from holding or continuing to hold office as a temporary governor of a new school if–
(a) he has been adjudged bankrupt or sequestration of his estate has been awarded and (in either case) he has not been discharged and the bankruptcy order has not been annulled or rescinded; or
(b) he has made a composition or arrangement with, or granted a trust deed for, his creditors and has not been discharged in respect of it.

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Source: https://www.legislation.gov.uk/uksi/2003/1558/schedule/2/paragraph/5 (the official version)
Page: https://openlegislation.uk/new-schools-general-england-regulations-2003/schedule-2/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.