Bankruptcy Act 1914

The Bankruptcy Act 1914 (4 & 5 Geo V, c 59) is an Act of the Parliament of the United Kingdom which formed the primary source of UK insolvency law for approximately 70 years.[1] It came into force on 1 January 1915 repealing a number of earlier statutes. It was substantially repealed by the short-lived Insolvency Act 1985.[2]

The Bankruptcy Act 1914

Parliament of the United Kingdom
Long title	An Act to consolidate the Law relating to Bankruptcy.
Citation	1914 c 59
Territorial extent	England and Wales
Dates
Royal assent	10 August 1914
Commencement	1 January 1915
Other legislation
Repealed by	Insolvency Act 1985
Status: Repealed
Text of statute as originally enacted

The Act is generally regarded as a consolidation of earlier statutes relating to bankruptcy.

Although the Act is expressed solely with reference to the bankruptcy of individuals, section 317 of the Companies Act 1948 applied many of its provisions to corporate insolvencies.[3]

See also

• UK insolvency law

Notes

1. Roy Goode (2005). Principles of Corporate Insolvency Law (3rd ed.). Sweet & Maxwell. p. 7. ISBN 042190450X.
2. "Insolvency Act 1985, schedule 10 (repeals)". Retrieved 26 June 2017.. The entire statute was repealed except sections 121-123.
3. That section provides: "In the winding up of an insolvent company ... the same rules shall prevail and be observed with regard to the respective rights of secured and unsecured creditors and to, debts provable ... as are in force for the time being under the law of bankruptcy in England with respect to the estates of persons adjudged bankrupt, ..."