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Section 43: Bankrupt entering business

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.

43. Bankrupt entering business (1) An undischarged bankrupt shall not, without the consent of the Official Receiver or the Court, directly or indirectly— (a) enter into, carry on, or take part in the management or control of any business; (b) be employed by a relative of the bankrupt; or (c) be employed by a company, trust, trustee, or any partnership or unincorporated association that is carrying on a business that is managed or controlled by a relative of the bankrupt. (2) This section shall be in addition to, and not in derogation from, section 133 (2) of the Companies Act.

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