Insolvency Made Clear: A Guide for Debtors
Plain English, practical guidance for anyone facing demands over a debt they are struggling to pay.
Plain English, practical guidance for anyone facing demands over a debt they are struggling to pay.
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<strong>Insolvency</strong> Law <strong>Made</strong> <strong>Clear</strong> – A <strong>Guide</strong> For <strong>Debtors</strong><br />
Chapter 7 Bankruptcy offences 117<br />
7.1 Bankruptcy offences in the Act 117<br />
7.2 Defence of innocent intention 119<br />
7.3 Punishment 120<br />
7.4 Effect of annulment and discharge 120<br />
7.5 Prosecution 120<br />
7.6 Application <strong>for</strong> an arrest warrant 120<br />
7.7 Contempt of court 121<br />
7.8 Bankruptcy offences outside of the Act 122<br />
Chapter 8 Challenges to the Trustee in Bankruptcy 123<br />
Chapter 9<br />
8.1 General control of the Trustee by the court 124<br />
8.2 Compensation <strong>for</strong> breach of duty 127<br />
8.3 Complaints to the regulator 129<br />
The conclusion of bankruptcy: discharge and<br />
annulment 133<br />
9.1 Discharge 133<br />
9.1.1 Effect of discharge 134<br />
9.1.2 Bankruptcy restriction orders 135<br />
Box 26: Contesting a bankruptcy restriction order 137<br />
9.1.3 <strong>Insolvency</strong> register 138<br />
9.1.4 Income payments order or income payments<br />
agreement138<br />
9.1.5 Long term impact 138<br />
9.2 Annulment 139<br />
9.2.1 The order should not have been made 139<br />
9.2.2 The debts and expenses have been paid 139<br />
Box 27: Other challenges to the Trustee’s fees 142<br />
Box 28: Annulment and divorce proceedings 143<br />
9.2.3 An IVA has been signed 144<br />
9.3 Effect of annulment 144<br />
xii
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