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Section 40: General duties of bankrupt

Insolvency Act · PART II: BANKRUPTCY AND ALTERNATIVES

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

40. General duties of bankrupt A bankrupt shall, to the utmost of his power, aid in the realisation of his property and the distribution of the proceeds amongst his creditors and shall— (a) give a complete and accurate list of his property and of his creditors and debtors and such other information as to this property as the Official Receiver requires; I14 – 31 [Issue 3] Insolvency Act (b) attend before the Official Receiver whenever called upon to do so, and, if required to do so by the Official Receiver, verify any statement by affidavit; (c) disclose to the Official Receiver as soon as practicable any property which may be acquired by him before his discharge and would be divisible amongst his creditors; (d) supply to the Official Receiver such information as he may require regarding his expenditure and sources of income after adjudication; (e) execute such power of attorney, transfer or instrument, in relation to his property and the distribution of the proceeds amongst his creditors, as are required by the Official Receiver, prescribed or directed by the Court; (f) deliver on demand any of his property that is divisible amongst his creditors and is under his possession or control to the Official Receiver; (g) deliver on demand to the Official Receiver any property that is acquired by him before his discharge; and (h) immediately notify the Official Receiver in writing of any change of his address, his employment or his name.

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