Version Superseded: 04/01/2024
Point in time view as at 27/04/2020.
Insolvency Act 1986, Paragraph 48 is up to date with all changes known to be in force on or before 09 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.
[F148(1)A person required to submit a statement of affairs must do so before the end of the period of 11 days beginning with the day on which he receives notice of the requirement.E+W+S
(2)The administrator may—
(a)revoke a requirement under paragraph 47(1), or
(b)extend the period specified in sub-paragraph (1) (whether before or after expiry).
(3)If the administrator refuses a request to act under sub-paragraph (2)—
(a)the person whose request is refused may apply to the court, and
(b)the court may take action of a kind specified in sub-paragraph (2).
(4)A person commits an offence if he fails without reasonable excuse to comply with a requirement under paragraph 47(1).]
Textual Amendments
F1Sch. B1 inserted (15.9.2003) by 2002 c. 40, ss. 248(2), 279, Sch. 16 (with s. 249(1)-(3)(6)); S.I. 2003/2093, art. 2(1), Sch. 1 (subject to arts. 3-8 (as amended by S.I. 2003/2332, art. 2))
Modifications etc. (not altering text)
C1Sch. B1 para. 48 applied (with modifications) (17.2.2009 for certain purposes, otherwise 21.2.2009) by Banking Act 2009 (c. 1), ss. 145, 263(1)(2) (with s. 247); S.I. 2009/296, arts. 2, 3, Sch. para. 3
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