Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2004 - onwards
  Version 2 of 2    

259. Income payments order

(1) Section 310 of the Insolvency Act 1986 (income payments order) shall be amended as follows.

(2) In subsection (1) omit ", on the application of the trustee,".

(3) After subsection (1) insert -

"(1A) An income payments order maybe made only on an application instituted -

(a) by the trustee, and

(b) before the discharge of the bankrupt."

(4) For subsection (6) substitute -

"(6) An income payments order must specify the period during which it is to have effect; and that period -

(a) may end after the discharge of the bankrupt, but

(b) may not end after the period of three years beginning with the date on which the order is made.

(6A) An income payments order may (subject to subsection (6)(b)) be varied on the application of the trustee or the bankrupt (whether before or after discharge)."

Comparing proposed amendment...