Part 5 Bankruptcy
Deregulation Act 2015 (2015 c 20) | Legislation

Part 5 Bankruptcy

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Part 9 of the Insolvency Act 1986 (bankruptcy) is amended in accordance with paragraphs 13 to 16.

Appointment of insolvency practitioner as interim receiver

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(1)     In section 286(1) (power of court to appoint interim receiver if necessary for protection of debtor's property), after “official receiver†insert “or an insolvency practitionerâ€.

(2)     If sub-paragraph (1) comes into force before the coming into force of the repeal of subsection (2) of section 286 by paragraph 17(2) of Schedule 19 to the Enterprise and Regulatory Reform Act 2013, that subsection is to have effect (until the repeal comes into force) as if for “, instead of the official receiver,†there were substituted “, another insolvency practitioner or the official receiverâ€.

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(1)     Section 370 (power to appoint special manager) is amended as follows.

(2)     In subsection (1)(c) (power of court

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