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Commentary

126 Commencement and duration

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)
| Commentary

126 Commencement and duration

| Commentary

126 Commencement and duration

The bankruptcy of an individual against whom a bankruptcy order has been made commences with the day on which the order is made, and continues until the individual is discharged under the relevant provisions of the Insolvency Act 19861. The general rule is that a bankrupt is discharged at the end of one year beginning with the date of the order2.

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