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Changes over time for: Paragraph 5
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Timeline of Changes
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Status:
Point in time view as at 01/04/2004.
Changes to legislation:
Insolvency Act 1986, Paragraph 5 is up to date with all changes known to be in force on or before 01 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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Changes to Legislation
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Interim bankruptcy restrictions orderE+W
[5(1)This paragraph applies at any time between—
(a)the institution of an application for a bankruptcy restrictions order, and
(b)the determination of the application.
(2)The court may make an interim bankruptcy restrictions order if the court thinks that—
(a)there are prima facie grounds to suggest that the application for the bankruptcy restrictions order will be successful, and
(b)it is in the public interest to make an interim order.
(3)An interim order may be made only on the application of—
(a)the Secretary of State, or
(b)the official receiver acting on a direction of the Secretary of State.
(4)An interim order—
(a)shall have the same effect as a bankruptcy restrictions order, and
(b)shall come into force when it is made.
(5)An interim order shall cease to have effect—
(a)on the determination of the application for the bankruptcy restrictions order,
(b)on the acceptance of a bankruptcy restrictions undertaking made by the bankrupt, or
(c)if the court discharges the interim order on the application of the person who applied for it or of the bankrupt.]
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