Section 161 of Insolvency Act CAP 53: Bankrupt entitled to retain certain assets

A bankrupt may retain necessary tools of trade and necessary household furniture and effects that are worth more than the maximum value fixed in accordance with section 161, if the bankrupts'...

(1) Subject to subsection (2), the retention of an asset by the bankrupt under section 161 or 162 does not affect rights arising under a valid charge, bailment contract or credit purchase transaction...

The fact that the net value of the assets that the bankrupt retains is less than the maximum values specified in section 161 does not give the bankrupt any rights in relation to other assets in the...

If the bankrupt has died, a relative or dependant of the bankrupt, who has been approved for this purpose by the bankruptcy trustee or the Court, may exercise the right to retain assets under section...

The bankruptcy trustee may make an allowance out of the property of the bankrupt to the bankrupt, or to any relative or dependant of the bankrupt, for the support of the bankrupt and the bankrupt's...

(1) The bankruptcy trustee may allow the bankrupt to retain, for the immediate maintenance of the bankrupt and the bankrupt's relatives and dependants, money up to the prescribed limit that the...

(1) The bankruptcy trustee may, at any time before or after a bankrupt's discharge— (a) serve on any of the persons listed in subsection (2) a summons to appear before the bankruptcy trustee or the...

(1) The bankruptcy trustee may examine on oath the persons summoned for examination in accordance with section 168. (2) The bankruptcy trustee shall ensure that the examination is recorded in...

A person who is summoned for examination by the bankruptcy trustee— (a) is entitled to be paid the expenses incurred in attending the examination, not exceeding the amount prescribed by the...

(1) A person who is examined or questioned at an examination by the bankruptcy trustee is entitled to be represented by an advocate. (2) Such a person may be questioned by the bankrupt's advocate,...

A creditor, or the creditor's advocate, is entitled at any reasonable time to inspect the record of the examination of a person conducted in accordance with section 169.

(1) A person shall not, without the approval of the Court, publish a report of— (a) any examination of a person summoned for examination by the bankruptcy trustee; or (b) any matter arising in the...

Sections 168 to 173 also apply when the bankruptcy trustee has been appointed as interim trustee in respect of all or part of a debtor's property under section 36 and, for that purpose, references in...

(1) A person is not entitled as against the bankruptcy trustee to withhold possession of, or claim a lien over— (a) a document that belongs to the bankrupt; or (b) the bankrupt's business...

(1) A person who, without reasonable excuse— (a) fails to comply with a summons attend the public examination of a bankrupt as required by section 168(1); (b) fails without reasonable excuse to...

(1) At any time before an absolute order for a bankrupt's discharge is made— (a) the bankruptcy trustee; or if a ordinary resolution has been passed at a creditor's meeting seeking the public...

(1) As soon as practicable after the Court has made an order under section 177, the bankruptcy trustee shall serve a copy of the order on the bankrupt. (2) At least seven days before the date fixed...

Before the public examination of a bankrupt before the Court begins, the bankruptcy trustee shall lodge with the Court a report on— (a) the bankrupt's estate; (b) the bankrupt's conduct; and (c) all...

(1) At the time and date fixed by the Court for holding the public examination of a bankrupt, the bankrupt shall attend the examination, and may be examined as to the bankrupt's conduct, affairs and...

(1) On the holding of a public examination of a bankrupt before the Court, the Court shall ensure that a written record is made of the examination. (2) The Court shall also ensure that the record of...

(1) The public examination of a bankrupt ends when the Court makes an order declaring that the examination is ended. (2) The Court may make an order declaring that the examination has ended only if...

If the bankrupt does not appear for the examination at the appointed time and has no reasonable excuse— (a) the Court may, either on the bankruptcy trustee's application or its own initiative, by...

(1) A bankrupt is entitled to be paid such expenses for attending a public examination before the Court as are prescribed by the insolvency regulations for the purposes of this section. (2) It the...

(1) If authorised by the Court, the bankruptcy trustee or a person appointed by that trustee may exercise the powers specified in subsection (2) in relation to a company with which the bankrupt is...

(1) A person (including the bankrupt) who is examined or questioned at a public examination of a bankrupt shall answer all questions put to the person in relation to the bankrupt's conduct, affairs...

(1) A person who, without reasonable excuse— (a) fails to attend an examination as required by section 180(1); (b) fails to deliver a document as required under section 180(4)(a); (c) fails to...

(1) A person (including the bankrupt) who is examined or questioned at a public examination of a bankrupt is entitled to be represented by an advocate. (2) Such a person may be questioned by the...

If a bankrupt is a party to a contract, the bankruptcy trustee may— (a) continue the contract, subject to the terms of the contract and all relevant rules of law; or (b) disclaim the contract if it...

(1) This section applies if the other party to a contract to which the bankrupt is a party, in accordance with a term of the contract, terminates the contract in consequence of the...

(1) This section applies to a payment of money or a delivery of property to a person who is adjudged bankrupt, whether the payment or delivery is made— (a) on the order of the person; or (b) from...

If the bankrupt is jointly liable under a contract with another person, that other person may sue and be sued on the contract without the bankrupt being joined as a party to the proceeding.

(1) The bankruptcy trustee may recover money paid by a bankrupt to the bankrupt's advocate for costs in obtaining a bankruptcy order, except for those (if any) prescribed for the purpose of this...

(1) This Division applies to the following irregular transactions by the bankrupt before the bankruptcy commenced— (a) an insolvent transaction; (b) an insolvent charge; (c) an insolvent...

For the purposes of this Division, a two year period or a six months period referred to in this Division can be extended— (a) in the case of a bankruptcy order made on a creditor's application, by...

A transaction by a bankrupt can be cancelled on the bankruptcy trustee's initiative if it— (a) is an insolvent transaction; and (b) was made within two years immediately before the bankruptcy...

(1) For the purposes of section 196, a transaction is an insolvent transaction by a bankrupt if it— (a) is entered into or made at a time when the bankrupt is unable to pay the bankrupt's debts;...

For the purposes of section 196, a transaction that was entered into within the six months before a bankrupt is adjudged bankrupt is presumed, until the contrary is proved, to have been made at a time...

(1) This section applies if a series of transactions made for commercial purposes forms an integral part of a continuing business relationship (such as a running account) between a bankrupt and a...

A charge over any property of a bankrupt can be cancelled on the bankruptcy trustee's initiative if— (a) the charge was created within the two years immediately before the bankruptcy commenced;...

(1) A charge may not be cancelled under section 200 if it secures— (a) money actually advanced or paid; (b) the actual price or value vof property sold or transferred; or (c) any other valuable...

A bankrupt who gave a charge within the six months immediately preceding the commencement of the bankruptcy is presumed, until the contrary is proved, to have been unable to pay the bankrupt's debts...

(1) If, in relation to property purchased by a bankrupt, the bankrupt has given to the seller a charge over the property within the two years immediately preceding the bankruptcy, section 200 does not...

(1) This section applies if the bankrupt has made a payment or payments to a secured creditor after the bankrupt has given a charge to which section 202 or 203 applies. (2) The bankruptcy trustee...

A charge or a security right given by the bankrupt under an agreement to give the charge or create a security right that was made or made effective against third parties before the two years...

A gift made by a bankrupt to another person can be cancelled on the bankruptcy trustee's initiative if the bankrupt made the gift within the two years immediately preceding the commencement of the...

(1) A gift by a bankrupt to another person can be also cancelled on the bankruptcy trustee's initiative if — (a) the bankrupt made the gift during the period beginning five years and ending two...

(1) The procedure set out in this section applies to the following irregular transactions— (a) an insolvent transaction; (b) an insolvent charge; (c) an insolvent gift; (d) any other transaction of...

(1) On the cancellation of an irregular transaction under which property of the bankrupt, or an interest in property of the bankrupt, was transferred, the Court may make an order— (a) for the...

The Court may not make an order under section 209 against a person if the person proves that when the person received the property or interest in the property— (a) the person acted in good...

(1) Under section 212, the bankruptcy trustee may recover from a party to a transaction with the bankrupt an amount calculated in accordance with the following formula: A = B - C where— A is the...