SCHEDULE 20 Schedule 4A to Insolvency Act 1986
Enterprise Act 2002 (2002 c 40) | Legislation

SCHEDULE 20 Schedule 4A to Insolvency Act 1986

Section 257

“SCHEDULE 4A
Bankruptcy Restrictions Order and Undertaking
Bankruptcy restrictions order
1

(1)     A bankruptcy restrictions order may be made by the court.

(2)     An order may be made only on the application of—

(a)     the Secretary of State, or

(b)     the official receiver acting on a direction of the Secretary of State.

Grounds for making order
2

(1)     The court shall grant an application for a bankruptcy restrictions order if it thinks it appropriate having regard to the conduct of the bankrupt (whether before or after the making of the bankruptcy order).

(2)     The court shall, in particular, take into account any of the following kinds of behaviour on the part of the bankrupt—

(a)     failing to keep records which account for a loss of property by the bankrupt, or by a business carried on by him, where the loss occurred in the period beginning 2 years before petition and ending with the date of the application;

(b)     failing to produce records of that kind on demand by the official receiver or the trustee;

(c)     entering into a transaction at an undervalue;

(d)     giving a preference;

(e)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Subrogation in insurance and reinsurance

Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation entitles an insurer or reinsurer, having indemnified the (re)insured, to ‘step into its shoes’ to bring an action in the (re)insured’s name. For the purpose

LEXISNEXIS

Money laundering offences—tipping off and prejudicing an investigation

Money laundering offences—tipping off and prejudicing an investigationTipping off and prejudicing an investigationIt would undermine the benefit to the authorities if, a suspicious activity report (SAR) having been made, the alleged offender were to be made aware of the interest in their activities

LEXISNEXIS

Control of asbestos—duty to manage

The Control of Asbestos Regulations 2012 (CAR 2012) place various duties on employers to protect employees from risks related to exposure to asbestos and make it clear that these duties, so far as is reasonably practicable, are also owed to any other person, whether at work or not, who may be

LEXISNEXIS

A chargor (an individual) is granting a legal charge to a chargee (a company). Can an employee of the

There does not appear to be any evidence that an employee of the chargee cannot witness the chargor’s signature.Practice Note: Property deeds—use and execution of deeds in property transactions, provides guidance on who may witness the signature of a deed by an individual:‘There are certain