Regulation 40 Compensation not assignableI1
England and Wales
Any assignment of, or charge on, or agreement to assign or charge, any compensation payable under these Regulations is void.
On the bankruptcy of a person eligible for such compensation no part of the compensation is to pass to any trustee or other person acting on behalf of the creditors except in accordance with an income payments order made by a court under section 310 of the Insolvency Act 1986f1.
Annotations
Commencement
- I1
Reg. 40 in force at 1.4.2015, see reg. 1
Footnotes
- f1
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1986 c. 45; section 310 was amended by the Pensions Act 1995 (c. 26), Schedule 3, Paragraph 15(a) and (b), the Welfare Reform and Pensions Act 1999 (c. 30), Schedule 2, paragraph 2, the Enterprise Act 2002 (c. 40), section 259 and Schedule 26 and S.I. 2011/1730 as amended by S.I. 2012/709.