[31 Disqualification of bankrupt [or person in respect of whom a debt relief order is made]]

Section [31 Disqualification of bankrupt [or person in respect of whom a debt relief order is made]]

Insolvency Act 1986 (1986 c 45) | Legislation
Insolvency Act 1986 (1986 c 45) | Legislation

[31  Disqualification of bankrupt [or person in respect of whom a debt relief order is made]]

[(1)     A person commits an offence if he acts as receiver or manager of the property of a company on behalf of debenture holders while—

(a)     he is an undischarged bankrupt,

[(aa)     a moratorium period under a debt relief order applies

in relation to him,] or

(b)     a bankruptcy restrictions order [or a debt relief restrictions order] is in force in respect of him.

(2)     A person guilty of an offence under subsection (1) shall be liable to imprisonment, a fine or both.

(3)     This section does not apply to a receiver or manager acting under an appointment made by the court.]

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