{
  "url": "https://openlegislation.uk/small-business-enterprise-and-employment-act-2015/section-121",
  "json_url": "https://openlegislation.uk/small-business-enterprise-and-employment-act-2015/section-121.json",
  "legislation": "ukpga/2015/26",
  "legislation_title": "Small Business, Enterprise and Employment Act 2015",
  "legislation_url": "https://openlegislation.uk/small-business-enterprise-and-employment-act-2015",
  "path": "section/121",
  "kind": "section",
  "number": "121",
  "heading": "Exercise of powers by trustee in bankruptcy: removal of need for sanction",
  "text": "(1) The Insolvency Act 1986 is amended as follows.\n(2) In section 314 (bankruptcy: powers of trustee)—\n(a) for subsection (1) substitute—\n“(1) The trustee may exercise any of the powers specified in Parts 1 and 2 of Schedule 5.”,\n(b) in subsection (2), omit “With the permission of the creditors' committee or the court,”, and\n(c) omit subsections (3) and (4).\n(3) In Schedule 5 (powers of trustee in bankruptcy), omit the headings for each of Parts 1 to 3.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2015/26/section/121",
    "retrieved_at": "2026-10-29T09:06:47.994452+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}