[283A Bankrupt's home ceasing to form part of estate]
Insolvency Act 1986 (1986 c 45) | Legislation

[283A  Bankrupt's home ceasing to form part of estate]

[(1)     This section applies where property comprised in the bankrupt's estate consists of an interest in a dwelling-house which at the date of the bankruptcy was the sole or principal residence of—

(a)     the bankrupt,

(b)     the bankrupt's spouse [or civil partner], or

(c)     a former spouse [or former civil partner] of the bankrupt.

(2)     At the end of the period of three years beginning with the date of the bankruptcy the interest mentioned in subsection (1) shall—

(a)     cease to be comprised in the bankrupt's estate, and

(b)     vest in the bankrupt (without conveyance, assignment or transfer).

(3)     Subsection (2) shall not apply if during the period mentioned in that subsection—

(a)     the trustee realises the interest

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Public inquiry procedure

Public inquiry procedureThe procedure by which a public inquiry is conducted will vary significantly from one inquiry to the next. Even for inquiries established under the Inquiries Act 2005 (IA 2005), the associated inquiry rules are not particularly prescriptive as to how they ought to be

LEXISNEXIS

How is the National Employment Savings Trust (NEST) different from a typical occupational pension scheme?

How is the National Employment Savings Trust (NEST) different from a typical occupational pension scheme?In this Practice Note, references to the National Employment Savings Trust (NEST) Order are to the National Employment Savings Trust Order 2010, SI 2010/917 (NEST Order) applicable from 25 May

LEXISNEXIS

Financial Conduct Authority—Principles for Businesses (PRIN)

Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the FCA’s High Level Standards set out in the FCA’s Handbook. The Principles are a general

LEXISNEXIS

Voluntary manslaughter

Voluntary manslaughterVoluntary manslaughterVoluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element for murder) but which are reduced to manslaughter because of one of the three special defences (loss of control, diminished