Bankruptcy Act 1705
The Bankruptcy Act 1705 (4 & 5 Ann. c. 4) is an Act of Parliament of England.
Content
Under the Act, the Lord Chancellor was given power to discharge bankrupts, once disclosure of all assets and various procedures had been fulfilled.
Discharge from debt was introduced for those who cooperated with creditors. The discharge took effect once a bankrupt obtained a certificate of the bankruptcy commissioners providing that there has been full disclosure and adherence to their directions.
gollark: I disagree with this paradox.
gollark: That's basically when it's most important even.
gollark: Fascinating. I don't think this excludes civility when discussing controversial stuff.
gollark: Civil is polite and *formal* now?
gollark: I don't know exactly what you're redacting, but it sounds like you're redefining "civil" wrong.
See also
- UK insolvency law
- UK bankruptcy law
- History of bankruptcy law
Notes
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