4. Punishment of offences.

In many cases the Insolvency Act 1986 and the Insolvency (England and Wales) Rules 2016 impose either imprisonment or a fine, or both, on individuals who fail to comply with the statutory requirements. Schedule 10 to the Insolvency Act 1986 and Schedule 3 to the Insolvency (England and Wales) Rules 2016 have effect with respect to the way in which such offences are punishable on conviction1.

In relation to an offence under a provision of the Insolvency Act 1986 or the Insolvency (England and Wales) Rules 2016 specified in the first column of the appropriate Schedule (the general nature of