Part 1Bankruptcy

Effect of bankruptcy restrictions orders and undertakings

3Disqualification from being appointed as receiver

1

Section 51 of the Insolvency Act 1986 (c. 45) (appointment of receiver) is amended as follows.

2

In subsection (3), after paragraph (b), insert—

ba

a person subject to a bankruptcy restrictions order;

3

In subsection (5), after “bankrupt” insert “ or a person subject to a bankruptcy restrictions order ”.

4

In subsection (6), after “receivers” insert

; and

“bankruptcy restrictions order” means—

a

a bankruptcy restrictions order made under section 56A of the Bankruptcy (Scotland) Act 1985 (c. 66);

b

a bankruptcy restrictions undertaking entered into under section 56G of that Act;

c

a bankruptcy restrictions order made under paragraph 1 of Schedule 4A to this Act; or

d

a bankruptcy restrictions undertaking entered into under paragraph 7 of that Schedule.