Bankruptcy Act 1705

The Bankruptcy Act 1705 (4 & 5 Ann. c. 4) is an Act of Parliament of England.

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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: It probably goes down the chemistry route of making you memorize 2838383939103848384 things.
gollark: I don't know if A-level is much better. I do know it isn't very mathy.
gollark: My friend switched to economics at the end of year 10 and got an A-ish grade on the end of year exams from 2 hours reading the textbook and someone's notes.
gollark: Really oversimplified, no mathematical models, and it was way too easy.
gollark: I found GCSE economics ridiculous and boring.

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