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Insolvency Act 1986
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Changes over time for: Section 298
Version Superseded: 01/04/2004
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Insolvency Act 1986, Section 298 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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298 Removal of trustee; vacation of office. E+W
(1)Subject as follows, the trustee of a bankrupt’s estate may be removed from office only by an order of the court or by a general meeting of the bankrupt’s creditors summoned specially for that purpose in accordance with the rules.
(2)Where the official receiver is trustee by virtue of section 297(1), he shall not be removed from office under this section.
(3)A general meeting of the bankrupt’s creditors shall not be held for the purpose of removing the trustee at any time when a certificate for the summary administration of the estate is in force.
(4)Where the official receiver is trustee by virtue of section 293(3) or 295(4) or a trustee is appointed by the Secretary of State or (otherwise than under section 297(5)) by the court, a general meeting of the bankrupt’s creditors shall be summoned for the purpose of replacing the trustee only if—
(a)the trustee thinks fit, or
(b)the court so directs, or
(c)the meeting is requested by one of the bankrupt’s creditors with the concurrence of not less than one-quarter, in value, of the creditors (including the creditor making the request).
(5)If the trustee was appointed by the Secretary of State, he may be removed by a direction of the Secretary of State.
(6)The trustee (not being the official receiver) shall vacate office if he ceases to be a person who is for the time being qualified to act as an insolvency practitioner in relation to the bankrupt.
(7)The trustee may, in the prescribed circumstances, resign his office by giving notice of his resignation to the court.
(8)The trustee shall vacate office on giving notice to the court that a final meeting has been held under section 331 in Chapter IV and of the decision (if any) of that meeting.
(9)The trustee shall vacate office if the bankruptcy order is annulled.
Modifications etc. (not altering text)
C1Ss. 298–307 applied with modifications by S.I. 1986/1999, art. 3, Sch. 1 Pt. II
S. 298 applied (with modifications) (1.12.1994) by S.I. 1994/2421, art. 10(6), Sch. 4 Pt. II para. 21
C2S. 298 modified (1.12.1994) by S.I. 1994/2421, art. 11(2)(3), Sch. 7 para. 15
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