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Bankruptcy Act 1705

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Act of Parliament
Long titleAn Act to prevent Frauds frequently committed by Bankrupts.
Citation4 & 5 Ann. c. 4
(Ruffhead: 4 Ann. c. 17)
Dates
Royal assent19 March 1706
Repealed15 July 1867
Other legislation
Repealed byStatute Law Revision Act 1867
Status: Repealed

The Bankruptcy Act 1705 (4 & 5 Ann. c. 4) was an Act of Parliament of England.

Content

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Under the Act, the Lord Chancellor was given power to discharge bankrupts, once disclosure of all assets and various procedures had been fulfilled.

Discharge from debt was introduced for those who cooperated with creditors. The discharge took effect once a bankrupt obtained a certificate of the bankruptcy commissioners providing that there has been full disclosure and adherence to their directions.

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Notes

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