720. Material omissions.

The bankrupt is guilty of an offence if he makes or has made any material omission in any statement made under any provision of the Insolvency Act 19861 and relating to his affairs2.

A person who commits such an offence is liable on conviction on indictment to imprisonment for a term not exceeding seven years or a fine, or to both, or on summary conviction to imprisonment for a term not exceeding six months or a fine not exceeding the statutory maximum, or to both

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