Keyword Analysis & Research: section 283a 1 of the insolvency act 1986


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Frequently Asked Questions

What are the Insolvency Provisions on discharge from bankruptcy?

The insolvency provisions on discharge from bankruptcy introduced by section 256 of the Enterprise Act 2002 (reflected by consequential amendment to section 279 of the Insolvency Act 1986) came into effect in April 2004. A person whose bankruptcy existed as at 1 April 2004 is now discharged from.

What is the meaning of “contributory” in the Insolvency Act?

Meaning of “contributory” (1) In this Act the expression ―contributory‖ means every person liable to contribute to the assets of a CIO in the event of its being wound up, and for the purposes of all proceedings for The Insolvency Act 1986 as it will apply to CIOs. This document is for information only.

What happens if you act as an insolvency practitioner without qualification?

Acting without qualification an offence (1) A person who acts as an insolvency practitioner in relation to a CIO at a time when he is not qualified to do so is liable to imprisonment or a fine, or to both. (1A)This section is subject to section 389A.

What are the transitional provisions for section 283A?

The transitional provisions relating to section 283A are contained in Section 261 (7) to (10) of the Enterprise Act 2002. Section 261 (7) sets out the definitions of ‘pre-commencement bankrupt’ and ‘the transitional period’: -

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