Where the bankrupt makes an application for an order discharging him from bankruptcy1, the official receiver must, at least 21 days before the date fixed for the hearing of the application, file with the court2 a report containing:
(1) particulars of any failure by the bankrupt to comply with the bankrupt's obligations under the Insolvency Act 19863;
(2) the circumstances surrounding the present bankruptcy, and those surrounding any previous bankruptcy of the bankrupt;
(3) the extent to which, in the present and in any previous bankruptcy, the bankrupt's liabilities have exceeded the bankrupt's assets;
(4) particulars of any distribution4
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This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further below.You should also consider if the proceedings will be
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This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
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