Keyword Analysis & Research: section 282 insolvency act 1986

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Is Section 282 up to date?

Insolvency Act 1986, Section 282 is up to date with all changes known to be in force on or before 03 February 2023. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. 282 Court’s power to annul bankruptcy order.

What is the Insolvency Act 1986?

The Insolvency Act 1986 provides the legal platform to deal with issues arising out of personal and corporate insolvency. 1. Why was it introduced? (Political/Sociological Context) The framework of the system of insolvency prior to the Act was established during the second half of the nineteenth century and remained almost intact since then.

What is the law of insolvency in England and Wales?

The report found that there was no comprehensive statement of the law of insolvency in England and Wales. Instead, there was a patchwork of materials dealing with the subject, e.g. the Bankruptcy Act 1914, the Deeds of Arrangement Act 1914, the Companies Act 1948 and parts of the County Courts Act 1959.

What is “wrongful trading” under the Insolvency Act 1986?

By virtue of s. 213, the Insolvency Act 1986 reenacted the “fraudulent trading” provision from the companies law in the law of insolvency and in s. 214 introduced new “wrongful trading” provisions to the law of insolvency.

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