PART IXN.I.BANKRUPTCY

CHAPTER IN.I.BANKRUPTCY PETITIONS; BANKRUPTCY ORDERS

Commencement and duration of bankruptcy; dischargeN.I.

F1Discharge by order of the High CourtN.I.

254.F1(1) An application for an order of the High Court discharging an individual from bankruptcy—

(a)in a case falling within Article 253(1)(a), may be made by the bankrupt at any time after the expiration of 5 years from the commencement of the bankruptcy; and

(b)in a case falling within Article 253(1)(b), may be made by the bankrupt at any time.

(2) On an application under this Article the High Court may—

(a)refuse to discharge the bankrupt from bankruptcy,

(b)make an order discharging him absolutely, or

(c)make an order discharging him subject to such conditions with respect to any income which may subsequently become due to him, or with respect to property devolving upon him, or acquired by him, after his discharge, as may be specified in the order.

(3) The High Court may provide for an order falling within paragraph (2)(b) or (c) to have immediate effect or to have its effect suspended for such period, or until the fulfilment of such conditions (including a condition requiring the Court to be satisfied as to any matter), as may be specified in the order.

F1prosp. subst. by 2005 NI 10