Insolvency Act 1986

272 Grounds of debtor’s petition. E+W

(1) A debtor’s petition may be presented to the court only on the grounds that the debtor is unable to pay his debts.

(2) The petition shall be accompanied by a statement of the debtor’s affairs containing—

(a) such particulars of the debtor’s creditors and of his debts and other liabilities and of his assets as may be prescribed, and

(b) such other information as may be prescribed.

Modifications etc. (not altering text)

C1 S. 272 applied (with modifications) by S.I. 1986/2142 (made under the power in S. 420 of the Act to apply provisions of the Act in relation to insolvent partnerships), art. 13(5) (with arts. 1 and 15) which provides (E.W.) that for s. 272 of the Act there is substituted the following: "272. A joint debtors' petition in Form 8 in Schedule 3 to the Insolvent Partnerships Order 1986 may be presented to the court by individual members only on the grounds that the partnership is unable to pay its debts."

C2 S. 272 applied (with modifications) (1.12.1994) by S.I. 1994/2421, art. 10(1)(a)(6), Sch. 6 para. 2 (as amended (1.7.2005) by S.I. 2005/1516, art. 5(b))

C3 S. 272 modified (1.12.1994) by S.I. 1994/2421, art. 11(2)(3), Sch. 7 para. 5

C4 S. 272(1) applied (with modifications) by S.I. 1986/1999, art. 3, Sch. 1 Pt. II