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Section 31: Disqualification of bankrupt or person in respect of whom a debt relief order is made

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part III: Receivership — Chapter I: Receivers and Managers (England and Wales)

A person commits an offence if he acts as receiver or manager of the property of a company on behalf of debenture holders while—

he is an undischarged bankrupt,
a moratorium period under a debt relief order applies in relation to him, or
a bankruptcy restrictions order or a debt relief restrictions order is in force in respect of him.

A person guilty of an offence under subsection (1) shall be liable to imprisonment, a fine or both.

This section does not apply to a receiver or manager acting under an appointment made by the court.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.