Bankruptcy Act 1705

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Bankruptcy Act 1705
Act of Parliament
Coat of Arms of England (1702-1707).svg
Long title An Act to prevent Frauds frequently committed by Bankrupts.
Citation
Territorial extent  England and Wales
Dates
Royal assent 19 March 1706
Commencement 25 October 1705 [c]
Repealed15 July 1867
Other legislation
Amended by
Repealed by Statute Law Revision Act 1867
Status: Repealed
Text of statute as originally enacted

The Bankruptcy Act 1705 (4 & 5 Ann. c. 4) [a] was an act of the Parliament of England.

Contents

Provisions

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.

Subsequent developments

The act was continued until the end of the next session of parliament 5 years after 25 April 1709 by section 4 of the Perpetuation, etc. of Acts 1708 (7 Ann. c. 25).

The whole act was repealed by section 1 of, and the schedule to, the Statute Law Revision Act 1867 (30 & 31 Vict. c. 59).

See also

Notes

  1. 1 2 This is the citation in The Statutes of the Realm .
  2. This is the citation in The Statutes at Large .
  3. Start of session.

Reference