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See undisharged bankrupt
A Court Order making an Individual Bankrupt
A state of not being able to pay a debts as they fall due or an excess of liablitlties / assets
A Person chosen by an Individual Debtor to report on the Debtor's proposal for an IVA
A civil servant appointed by the DTI to head regional offices whose cover bankruptcy and insolvency.
The document submitted in an insolvency to establish the creditor's claim.
Given by a creditor or member to another person to vote at a meeting on behalf of a creditor.
A person appointed by the court for a specific purpose or the person appointed by the mortgagee to exercise his rights over the charged property.
The Insolvency Act 1986.
The Insolvency practioneer authorised to deal with bankrupt estates.
Person against whom a bankruptcy order has been made and who has not been discharged.
11) BANKRUPTCY
e) Used Terminology in Bankruptcy
Bankrupt
Bnkruptcy Order
DTI
Insolvent
Nominee
Official Receiver
Proof of Debt
Proxy Authority
Receiver
The Rules
Trustee
Undischarged Bankruptcy
The Insolvency Act of 1986
came into effect on the 29th
December 1986, and is the
main Act that regulates all
matters with Bankruptcy.