Insolvency Made Clear: A Guide for Debtors

Insolvency Law Made Clear – A Guide For Debtors
2.2 The estate of the bankrupt 14
2.2.1 Exceptions 14
2.2.2 Legal claims 15
2.2.3 Trusts 16
2.2.4 Pensions 16
2.2.5 Jointly held property 16
Box 5:
How much of the house does the bankrupt own?
17
2.3 Sale of the estate 17
2.3.1 Sale of shares 18
2.3.2 Sale of house 18
2.4 Disclaimer of property 18
Box 6: Relationship with the Trustee 19
2.5 Review of the conduct of the bankrupt 20
2.6 Increasing the asset pool 20
Box 7: Validation orders 24
2.7 Calculating the debts of the bankrupt 25
Box 8: Proof of debt 26
2.8 Effect on the bankrupt’s career and business 26
Box 9: Bankruptcy and employment 27
2.9 Inability to obtain credit 28
2.10 Running the bankrupt’s business 29
2.11 Effect on immigration status 29
2.12 After-acquired property 30
2.13 Income payments orders 30
2.14 Distribution to creditors 33
2.15 Publicity of bankruptcy 34
2.16 Investigations by the Trustee in Bankruptcy 35
2.16.1 Investigation powers 35
Box 10: Bankruptcy offences 37
2.17 Length of bankruptcy and effect of discharge 37
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