SCHEDULES
F1SCHEDULE 2ABANKRUPTCY RESTRICTIONS ORDER AND UNDERTAKING
Bankruptcy restrictions undertaking
7
1
A bankrupt may offer a bankruptcy restrictions undertaking to the Department.
2
In determining whether to accept a bankruptcy restrictions undertaking the Department shall have regard to the matters specified in paragraph 2(2) and (3).
8
A reference in a statutory provision to a person in respect of whom a bankruptcy restrictions order has effect (or who is “the subject of” a bankruptcy restrictions order) includes a reference to a person in respect of whom—
a
an interim bankruptcy restrictions order, or
b
a bankruptcy restrictions undertaking,
has effect.
C19
1
A bankruptcy restrictions undertaking—
a
shall come into force on being accepted by the Department, and
b
shall cease to have effect at the end of a date specified in the undertaking.
2
The date specified under sub-paragraph (1)(b) must not be—
a
before the end of the period of 2 years beginning with the date on which the undertaking is accepted, or
b
after the end of the period of 15 years beginning with that date.
3
On an application by the bankrupt the High Court may—
a
annul a bankruptcy restrictions undertaking;
b
provide for a bankruptcy restrictions undertaking to cease to have effect before the date specified under sub-paragraph (1)(b).
Sch. 2A inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 13(2), Sch. 5 (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2 - 7)