SCHEDULES

SCHEDULE 19Duration of bankruptcy: transitional provisions

4General rule for discharge from pre-commencement bankruptcy

1

A pre-commencement bankrupt is discharged from bankruptcy at whichever is the earlier of—

a

the end of the period of one year beginning with commencement, and

b

the end of the relevant period applicable to the bankrupt under section 279(1)(b) of the Insolvency Act 1986 (duration of bankruptcy) as it had effect immediately before commencement.

2

An order made under section 279(3) of that Act before commencement—

a

shall continue to have effect in respect of the pre-commencement bankrupt after commencement, and

b

may be varied or revoked after commencement by an order under section 279(3) as substituted by section 256 of this Act.

3

Section 279(3) to (5) of that Act as substituted by section 256 of this Act shall have effect after commencement in relation to the period mentioned in sub-paragraph (1)(a) or (b) above.