Bankruptcy Act 1988 Updated To 16 November 2015

1/20/2016
BANKRUPTCYACT1988
Number27of1988
BANKRUPTCYACT1988
REVISED
Updatedto16November2015
ThisRevisedActisanadministrativeconsolidationof
theBankruptcyAct1988.ItispreparedbytheLaw
ReformCommissioninaccordancewithitsfunction
undertheLawReformCommissionAct1975(3/1975)
tokeepthelawunderreviewandtoundertake
revisionandconsolidationofstatutelaw.
AllActsuptoandincludingMarriageAct2015
(35/2015),enacted29October2015,andallstatutory
instrumentsuptoandincludingMarriageAct2015
(Commencement)Order2015(S.I.No.504of2015),
made10November2015,wereconsideredinthe
preparationofthisRevisedAct.
http://www.lawreform.ie/_fileupload/RevisedActs/WithAnnotations/HTML/EN_ACT_1988_0027.htm
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Disclaimer:Whileeverycarehasbeentakeninthe
preparationofthisRevisedAct,theLawReform
Commissioncanassumenoresponsibilityforandgive
noguarantees,undertakingsorwarrantiesconcerning
theaccuracy,completenessoruptodatenatureof
theinformationprovidedanddoesnotacceptany
liabilitywhatsoeverarisingfromanyerrorsor
omissions.Pleasenotifyanyerrors,omissionsand
commentsbyemailto
revisedacts@lawreform.ie.
Number27of1988
BANKRUPTCYACT1988
REVISED
Introduction
ThisRevisedActpresentsthetextoftheActasithas
beenamendedsinceenactment,andpreservesthe
formatinwhichitwaspassed.
Relatedlegislation
BankruptcyActs1988to2011:thisActisoneofa
groupofActsincludedinthiscollectivecitation(Civil
Law(MiscellaneousProvisions)Act2011(23/2011),s.
1(6)).TheActsinthisgroupare:
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BankruptcyAct1988(27/1988)
EuroChangeover(Amounts)Act2001(16/2001),s.7
ands.9(5)
CivilLaw(MiscellaneousProvisions)Act2011
(23/2011),part7
Annotations
ThisRevisedActisannotatedandincludestextualand
nontextualamendments,statutoryinstruments
madepursuanttotheActandpreviousaffecting
provisions.
Anexplanationofhowtoreadannotationsis
availableat
www.lawreform.ie/annotations
Materialnotupdatedinthisrevision
WhereotherlegislationisamendedbythisAct,those
amendmentsmayhavebeensupersededbyother
amendmentsinotherlegislation,ortheamended
legislationmayhavebeenrepealedorrevoked.This
informationisnotrepresentedinthisrevisionbutwill
bereflectedinarevisionoftheamendedlegislationif
oneisavailable.
Wherelegislationorafragmentoflegislationis
referredtoinannotations,changestothislegislation
orfragmentmaynotbereflectedinthisrevisionbut
willbereflectedinarevisionofthelegislation
referredtoifoneisavailable.
AlistoflegislativechangestoanyAct,andto
statutoryinstrumentsfrom1999,maybefound
linkedfromthepageoftheActorstatutory
instrumentat
www.irishstatutebook.ie.
Actswhichaffectorpreviouslyaffectedthisrevision
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MarriageAct2015(35/2015)
CompaniesAct2014(38/2014)
ProtectedDisclosuresAct2014(14/2014)
Companies(MiscellaneousProvisions)Act2013
(46/2013)
CourtsandCivilLaw(MiscellaneousProvisions)Act
2013(32/2013)
CentralBank(SupervisionandEnforcement)Act
2013(26/2013)
Finance(LocalPropertyTax)Act2012(52/2012)
PersonalInsolvencyAct2012(44/2012)
IndustrialRelations(Amendment)Act2012
(32/2012)
ProtectionofEmployees(TemporaryAgencyWork)
Act2012(13/2012)
PropertyServices(Regulation)Act2011(40/2011)
(23/2011)
CriminalJusticeAct2011(22/2011)
FinanceAct2011(6/2011)
ValueAddedTaxConsolidationAct2010(31/2010)
CivilPartnershipandCertainRightsandObligations
ofCohabitantsAct2010(24/2010)
FinesAct2010(8/2010)
NationalAssetManagementAgencyAct2009
(34/2009)
LandAndConveyancingLawReformAct2009
(27/2009)
Finance(No.2)Act2008(25/2008)
(14/2008)
CriminalJustice(MutualAssistance)Act2008
(7/2008)
FoyleandCarlingfordFisheriesAct2007(17/2007)
InternationalCriminalCourtAct2006(30/2006)
EmploymentPermitsAct2006(16/2006)
SocialWelfareConsolidationAct2005(26/2005)
FinanceAct2005(5/2005)
IndustrialRelations(MiscellaneousProvisions)Act
2004(4/2004)
CourtsandCourtOfficersAct2002(15/2002)
CarersLeaveAct2001(19/2001)
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EuroChangeover(Amounts)Act2001(16/2001)
NationalTrainingFundAct2000(41/2000)
NationalMinimumWageAct2000(5/2000)
ParentalLeaveAct1998(30/1998)
EmploymentEqualityAct1998(21/1998)
TaxesConsolidationAct1997(39/1997)
ProceedsofCrimeAct1996(30/1996)
NettingofFinancialContractsAct1995(25/1995)
InvestmentIntermediariesAct1995(11/1995)
AdoptiveLeaveAct1995(2/1995)
MaternityProtectionAct1994(34/1994)
InvestmentLimitedPartnershipsAct1994(24/1994)
CriminalJusticeAct1994(15/1994)
IndustrialTraining(ApprenticeshipLevy)Act1994
(3/1994)
ProtectionofEmployees(EmployersInsolvency)Act
1984(21/1984)
FoyleFisheriesAct1952(5/1952)
IndustrialRelationsAct1946(26/1946)
AllActsuptoandincludingMarriageAct2015
(35/2015),enacted29October2015,were
consideredinthepreparationofthisrevision.
Statutoryinstrumentswhichaffectorpreviously
affectedthisrevision
NationalVehicleandDriverFile(Access)(No.2)
Regulations2015(S.I.No.287of2015)
NationalVehicleandDriverFile(Access)Regulations
2015(S.I.No.64of2015)
ProtectedDisclosuresAct2014(Section7(2))Order
2014(S.I.No.339of2014)
PersonalInsolvencyAct2012(PrescribedFeesin
BankruptcyMatters)Regulations2013(S.I.No.
465of2013)
BankruptcyAct1988(OfficialAssigneeAccountsand
RelatedMatters)Regulations2013(S.I.No.464of
2013)
EuropeanUnion(OccupationofRoadTransport
Operator)Regulations2011(S.I.No.697of2011)
PrisonRules2007(S.I.No.252of2007)
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EuropeanCommunities(MarketsinFinancial
Instruments)Regulations2007(S.I.No.60of
2007)
BankruptcyAct1988(AlterationofMonetaryLimits)
Order2001(S.I.No.595of2001)
EuropeanCommunities(PersonalInsolvency)
Regulations2002(S.I.No.334of2002)
CriminalJusticeAct1994(Section46(6))Regulations
1996(S.I.No.343of1996)
Allstatutoryinstrumentsuptoandincluding
MarriageAct2015(Commencement)Order2015(S.I.
No.504of2015),made10November2015,were
consideredinthepreparationofthisrevision.
Number27of1988
BANKRUPTCYACT1988
REVISED
ARRANGEMENTOFSECTIONS
PARTI
PRELIMINARYANDGENERAL
Section
1.
Shorttitle.
2.
Commencement.
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3.
Interpretation.
4.
ApplicationofActtosubsisting
bankruptciesandarrangements.
5.
Expenses.
6.
Repeals.
PARTII
PROCEDUREINBANKRUPTCY
7.
Actsofbankruptcy.
8.
Bankruptcysummons.
9.
Arrestofabscondingdebtor.
10.
Petition.
11.
Presentingpetition.
12.
Petitioningcreditor'scosts.
13.
Petitionoractofbankruptcyagreed
betweenbankruptandcreditor.
14.
Adjudication:creditorspetition.
15.
Adjudicationondebtorspetition.
16.
Causeshownagainstadjudication.
17.
Noticeofadjudicationandstatutory
sitting.
18.
Creditors'assignee.
18A.
19.
RevenueCommissionerstofurnish
certaininformationtoOfficial
Assignee.
Dutiesofbankrupt.
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20.
Changeofnameoraddress,etc.
21.
Examinationofbankruptandother
persons.
22.
Admissionofdebtduetobankrupt.
23.
Arrestofbankrupt,etc.
24.
Committaltoprison.
25.
Examinationofpersonsincustody.
26.
Releaseofbankruptfromprison.
27.
Warrantofseizure.
28.
Searchwarrant.
29.
Indemnityforpersonsactingunder
warrant.
30.
PartnershipCases
ActionsbyOfficialAssigneeand
bankrupt'spartners.
31.
Petitionagainstoneormorepartners.
32.
Furnishingofpartnershipaccountsto
OfficialAssignee.
33.
Dutyofbankruptpartner.
34.
Jointandseparateproperties.
35.
Actionsonjointcontracts.
36.
Proceedingsinpartnershipname.
37.
Limitedpartnerships.
38.
CompositionafterBankruptcy
Stayonrealisationofestate.
39.
Offerofcomposition.
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40.
Paymentofcomposition.
41.
Dischargeofadjudicationorder.
42.
BankruptDyingafterAdjudication
Bankruptdyingafteradjudication.
43.
SubsequentBankruptcy
Subsequentbankruptcy.
PARTIII
ADMINISTRATIONOFPROPERTY
EffectofAdjudicationonBankrupt'sProperty
44.
VestingofpropertyinOfficialAssignee.
44A.
PensionsinBankruptcy.
44B.
Excessivepensioncontributionsby
bankrupt.
45.
Exceptedarticles.
46.
Certificateofvestingofpropertyin
OfficialAssignee.
47.
VestinginOfficialAssigneeofcertain
moneyandsecurities.
48.
LimitationofOfficialAssignee'spowers
inrelationtocopyright.
49.
Restrictiveclauseinagreementorlease.
50.
Executionagainstdebtor'sproperty
beforeadjudication.
51.
Priorityofjudgmentmortgage.
52.
Ordertoputpurchaserinpossession.
53.
Permissiontomortgageetobidatsale.
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54.
Dischargeofpersonsdelivering
property,etc.,toOfficialAssignee.
55.
Titletopropertysoldnottobe
invalidated.
56.
Disclaimerofonerousproperty.
FraudulentandVoluntaryConveyances
57.
Avoidanceoffraudulentpreferences.
58.
Avoidanceofcertaintransactions.
59.
Avoidanceofcertainsettlements.
60.
ManagementProvisions
TheOfficialAssignee.
60A.
OfficeofOfficialAssigneeTransferof
staff.
60B.
DelegationoffunctionsofOfficial
Assignee.
60C.
DeputyforOfficialAssignee.
60D.
TransferofrecordstoInsolvency
Service.
61.
FunctionsofOfficialAssigneein
bankruptcyandvesting
arrangements.
62.
BankruptcyInspectorandassistants.
63.
ProtectionofOfficialAssignee.
64.
PowerofOfficialAssigneetobarentail.
65.
PowerofOfficialAssigneeto
appropriatepartofbankrupt's
income.
65A.
Cesserofsection65.
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66.
DeliveryofpropertytoOfficialAssignee.
67.
RightofOfficialAssigneetotransfer
stocksorshares.
68.
RightofOfficialAssigneetoinspect
goodspawnedorpledged.
69.
Receiptofpropertyofbankrupt.
70.
Claimtopropertyinpossessionof
bankrupt.
71.
Allowancestobankrupt.
72.
Redirectionofletters,etc.,addressedto
bankrupt.
73.
Appointmentofreceiversandmanagers.
74.
Jointandseparatedividends.
75.
Debtsprovableinbankruptcyand
arrangements.
76.
Proofofdebts.
77.
Bankruptcyofmercantileagent.
78.
Proofforcostsofjudgment.
79.
Disallowanceofdebtsalreadyproved.
80.
DistributionofEstate
Priorityofexpenses,etc.
81.
Preferentialpayments.
82.
Distributionofestate.
83.
Accountsandaudit.
84.
OfficialAssigneeUnclaimedDividend
Account.
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85.
Automaticdischargefrombankruptcy.
85A.
Objectiontoautomaticdischargefrom
bankruptcy.
85B.
Entitlementtodischargefrom
bankruptcy.
85C.
Annulmentofadjudicationin
bankruptcy.
85D.
Bankruptcypaymentorders.
86.
Surplus.
PARTIV
ARRANGEMENTSUNDERCONTROLOFCOURT
86A.
Prohibitiononpresentationofpetition
forarrangementundersection87
87.
Petitionforprotection.
88.
Restrictionondealingwithproperty.
89.
Effectofprotectiononexecutionorders.
90.
Procedureongrantofprotection.
91.
Filingofstatements.
92.
Acceptanceofproposal.
93.
VestinginOfficialAssignee.
94.
Distributionofpropertyinvesting
arrangement.
95.
Specialprivatesitting.
96.
Carryingproposalintoeffect.
97.
LodgmentwithOfficialAssignee.
98.
Certificateofarrangingdebtor.
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99.
Publicationinrelationtoarrangements.
100.
TakingpossessionofpropertybyOfficial
Assignee.
101.
Dischargeofprotectionorder.
102.
Surplus.
103.
Goodsobtainedoncredit.
104.
Privatesittingforenquiry.
105.
Adjudicationofarrangingdebtor.
106.
Partnersobtainingprotectionofthe
Court.
107.
Summoningwitnesses.
108.
Registrationofarrangements.
109.
ExclusionofDeedsofArrangementAct,
1887.
PARTV
WINDINGUPBYTRUSTEE
110.
Orderforwindingup.
111.
Vestingintrustee.
112.
Powersoftrustee,etc.
113.
Orderofdischarge.
114.
PowersofCourt.
PARTVI
ESTATESOFPERSONSDYINGINSOLVENT
115.
Petitiontoadministerinbankruptcy
estateofpersondyinginsolvent.
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116.
Effectonpersonalrepresentativeof
serviceofnoticeofpetition.
117.
OrderforadministrationunderPartVI.
118.
Vestinganddistribution.
119.
Priorityoffuneralandtestamentary
expenses.
120.
ApplicationofAct.
121.
Surplus.
122.
Rightofretainerrestricted.
PARTVII
OFFENCES
123.
Punishmentoffraudulentdebtors.
124.
Abscondingdebtor.
125.
Corruptagreementwithcreditors.
126.
Falseclaim.
127.
Nondisclosureofafteracquired
property.
128.
Obstructingofficers.
129.
Obtainingcreditortradingunderother
name.
130.
Arrangingpublicationofnoticewithout
authority.
131.
Criminalliabilityafterannulment.
132.
Punishmentofoffences.
PARTVIII
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MISCELLANEOUS
133.
Limitationofactions.
134.
Proceedingsinprivate.
135.
PowerofCourttoreviewitsorders.
136.
Effectofadjudicationoncreditors'
remedies.
137.
Powertostayorrestrainproceedings
againstbankrupt.
138.
Windingupofpartnershipsand
deceasedpersons'estates.
139.
Prohibitionondistressafteradjudication
orprotection.
140.
Evidenceofdeceasedperson.
140A.
Registrationofjudgmentsgivenin
insolvencyproceedings.
140B.
Publicationinrelationtoinsolvency
proceedings.
140C.
Provisionofcertaindocumentsto
OfficialAssignee.
141.
Publicationofcertainnoticestobe
evidence.
142.
Actinginaidofothercourts.
143.
Alterationofmonetarylimits.
144.
Regulationsandorders.
FIRSTSCHEDULE
PROOFOFDEBTS
SECONDSCHEDULE
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REPEALS
ACTSREFERREDTO
ArbitrationAct,1954
1954,No.26
AuctioneersandHouse
AgentsAct,1967
1967,No.9
Bankruptcy(Ireland)
AmendmentAct,1872
1872,c.58
CentralBankAct,1971
1971,No.24
CivilLiabilityAct,1961
1961,No.41
CivilLiability(Amendment)
Act,1964
1964,No.17
Courts(Supplemental
Provisions)Act,1961
1961,No.39
CriminalProcedureAct,
1967
1967,No.12
DeedsofArrangementAct,
1887
1887,c.57
EnforcementofCourt
OrdersAct,1940
1940,No.23
FactorsAct,1889
1889,c.45
FinesandRecoveries
(Ireland)Act,1834
1834,c.92
FriendlySocietiesAct,1896
1896,c.25
IrishBankruptandInsolvent
Act,1857
1857,c.60
JudgmentMortgage
(Ireland)Act,1850
1850,c.29
MoneylendersAct,1933
1933,No.36
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PartnershipAct,1890
1890,c.39
PreferentialPaymentsin
Bankruptcy(Ireland)Act,
1889
1889,c.60
StatuteofLimitations,1957
1957,No.6
SupremeCourtofJudicature
(Ireland)(No.2)Act,1897
1897,c.66
TrusteeSavingsBanksAct,
1863
1863,c.87
MARGINALABBREVIATIONS
1857IrishBankruptandInsolventAct,1857
1872,c.57DebtorsAct(Ireland),1872
1872Bankruptcy(Ireland)AmendmentAct,1872
1887,c.57DeedsofArrangementAct,1887
1888,c.44LocalBankruptcy(Ireland)Act,1888
1889PreferentialPaymentsinBankruptcy(Ireland)
Act,1889
1890,c.24DeedsofArrangementAmendmentAct,
1890
33/1963CompaniesAct,1963
16/1964RegistrationofTitleAct,1964
27/1965SuccessionAct,1965
36/1971CourtsAct,1971
RSCTheRulesoftheSuperiorCourts,1962
LCRLocalCourtRules,1888
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Number27of1988
BANKRUPTCYACT1988
REVISED
ANACTTOCONSOLIDATEWITHAMENDMENTSTHE
LAWRELATINGTOBANKRUPTCYANDTO
PROVIDEFORRELATEDMATTERS.[13thJuly,
1988]
BEITENACTEDBYTHEOIREACHTASASFOLLOWS:
Annotations:
Modifications(notalteringtext):
C1
FunctiontobeperformedbyOfficialAssigneein
BankruptcyintheInsolvencyServiceofIrelandspecified
(23.07.2014)byProtectedDisclosuresAct2014(Section
7(2))Order2014(S.I.No.339of2014),reg.2andsch.ref.
no.33.
2.Eachpersonspecifiedincolumn(2)oftheScheduleis
herebyprescribedtobetherecipientofdisclosuresof
relevantwrongdoingsfallingwithinthedescriptionof
mattersspecifiedincolumn(3)oftheScheduleinrelation
totheperson.
Schedule
Reference
Number
(1)
...
Prescribed
Person(2)
...
Descriptionofmattersin
respectofwhichthepersonis
prescribed(3)
...
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33
...
C2
Directorof
the
Insolvency
Serviceof
Ireland(in
respectof
thematters
specifiedin
paragraph
(a)of
column(3))
Official
Assigneein
Bankruptcy
inthe
Insolvency
Serviceof
Ireland(in
respectof
thematters
specifiedin
paragraph
(b)of
column(3).
...
(a)...
(b)Allmattersrelatingtothe
administrationofbankruptcy
estatesundertheBankruptcy
Act1988(No.27of1988).
...
ApplicationofActrestricted(1.09.2008)byCriminalJustice
(MutualAssistance)Act2008(7/2008),s.40(1),S.I.No.338
of2008.
Bankruptcyofdefendant,etc.
40.(1)Whereapersonwhoholdsrealisableproperty
isadjudicatedbankrupt
(a) property for the time being subject to a freezing
cooperation order made before the order
adjudicatingthepersonbankrupt,and
(b) any proceeds of property realised by virtue of
section36,forthetimebeinginthehandsofa
receiver,
is excluded from the property of the bankrupt for the
purposesoftheBankruptcyAct1988.
(2)Where a person has been adjudicated bankrupt, the
powersoftheHighCourtundersection36orofareceiver
appointed under that section shall not be exercised in
relationtopropertyofthebankruptforthepurposesofthe
saidActof1988.
(3) Where a person is adjudicated bankrupt and has
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directlyorindirectlymadeagift
(a)no decision as to whether the gift is void shall be
madeundersection57,58or59ofthesaidAct
of 1988 in respect of the making of the gift at
anytimewhenpropertyofthepersontowhom
the gift was made is subject to a freezing co
operationorder,and
(b) any decision as to whether it is void made under
anyofthosesectionsafterthedischargeofthe
freezing cooperation order shall take into
account any realisation under this Act of
property held by the person to whom the gift
wasmade.
(4) In any case in which a petition in bankruptcy was
presented, or an adjudication in bankruptcy was made,
before 1 January 1989, this section has effect with the
modification that for references to the property of the
bankrupt for the purposes of the said Act of 1988 there
shall be substituted references to the property of the
bankrupt vesting in the assignees for the purposes of the
lawofbankruptcyexistingbeforethatdate.
C3
ApplicationofActextended(1.11.2007)byEuropean
Communities(MarketsinFinancialInstruments)
Regulations2007(S.I.No.60of2007),reg.150(2)(a)(d)
and(11),ineffectasperreg.1(2).
WindinguponapplicationtoCourt
150.InthisRegulation:
committeeofinspectionmeansacommitteeof
inspectionappointedundersection23oftheCompanies
Act1963;
investmentfirmincludesaformerinvestmentfirm;
marketoperatorincludesaformermarketoperator.
(2)NotwithstandingRegulation215oftheCompanies
Act,1963,theBank,bypresentingapetition,mayapplyto
theCourttohaveaninvestmentfirmorthemarket
operatorofaregulatedmarketwounduponanyofthe
followinggrounds:
(a)theinvestmentfirmormarketoperatorisunable
or,intheopinionoftheBank,maybeunableto
meetitsobligationstoitsclientsorcreditors;
(b)theauthorisationoftheinvestmentfirmormarket
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operatorhasbeenwithdrawnorrevokedand
thefirmoroperatorhasceasedtocarryon
businessasaninvestmentfirmortooperatea
regulatedmarket;
(c)theBankconsidersthatitisintheinterestofthe
properandorderlyregulationandsupervisionof
investmentfirmsorregulatedmarketsoris
necessaryfortheprotectionofinvestorsthat
theinvestmentfirmorthemarketoperatorof
theregulatedmarketbewoundup;
(d)theinvestmentfirmormarketoperatorhasfailed
tocomplywithanydirectiongivenbytheBank
undertheseRegulations.
...
(11)Inthecaseofanindividualthatisanauthorised
investmentfirmoristhemarketoperatorofaregulated
market,theBankmayapplybypetitiontotheCourtforan
adjudicationofbankruptcywithinthemeaningofthe
BankruptcyAct,1988,andtheBankruptcyAct,1988shall
applyasifthegroundsspecifiedinparagraph(2)(a)to(d)
wereactsofbankruptcy(withinthemeaningofthe
BankruptcyAct,1988).
C4
ApplicationofActrestricted(31.10.2006)byInternational
CriminalCourtAct2006(30/2006),s.44,commencedon
enactment.
44.(1)Whereapersonwhoholdsrealisableproperty
isadjudicatedbankrupt,thefollowingpropertyisexcluded
fromthepropertyofthebankruptforthepurposesofthe
Actof1988:
(a)anypropertyforthetimebeingsubjectto
(i) a freezing order made before the order of
adjudication,or
(ii) an ICC order which is the subject of an
enforcement order made before the order
ofadjudication;
(b)anypropertyrealisedbyvirtueofsection38(11)or
41(2)and for the time being in the hands of a
receiver.
(2)Whereapersonwasadjudicatedbankruptbeforethe
passing of this Act, the powers of the High Court or a
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receiver under either of those sections shall not be

exercised in relation to property of the bankrupt for the
purposesoftheActof1988.
(3) Where a person is adjudicated bankrupt and has
directlyorindirectlymadeagiftcaughtbythisPart
(a)anydecisionastowhetherthegiftisvoidshallnot
bemadeundersection57,58or59oftheActof
1988inrespectofthemakingofthegiftatany
timewhenpropertyofthepersontowhomthe
giftwasmadeissubjecttoafreezingorderoran
enforceableICCorder,and
(b)anysuchdecisionmadeafterthedischargeofthe
freezing order or enforceable ICC order shall
takeintoaccountanyrealisationunderthisPart
ofpropertyheldbythepersontowhomthegift
wasmade.
(4)Whereapetitioninbankruptcywaspresented,oran
adjudication in bankruptcy made, before 1 January 1989,
thissectionshallhaveeffectwiththemodificationthatfor
referencestothepropertyofthebankruptforthepurposes
oftheActof1988thereshallbesubstitutedreferencesto
the property of the bankrupt vesting in the assignees for
thepurposesofthelawofbankruptcyinforcebeforethat
date.
C5
ApplicationofActrestricted(26.11.1996)byCriminal
JusticeAct1994(Section46(6))Regulations1996(S.I.No.
343of1996),reg.28.
28.(1)Whereapersonwhoholdsrealisablepropertyis
adjudicatedbankrupt
(a)propertyforthetimebeingsubjecttoarestraint
ordermadebeforetheorderadjudicatinghim
bankrupt,and
(b)anyproceedsofpropertyrealisedbyvirtueof
section20(5)or(6)or24(7)ofthisAct,forthe
timebeinginthehandsofareceiver,
isexcludedfromthepropertyofthebankruptforthe
purposesoftheBankruptcyAct,1988.
(2)Whereapersonhasbeenadjudicatedbankrupt,the
powersconferredontheHighCourtoronareceiverby
section20or24ofthisActshallnotbeexercisedinrelation
topropertyofthebankruptforthepurposesofthesaidAct
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of1988.
(3)Whereapersonisadjudicatedbankruptandhas
directlyorindirectlymadeagiftcaughtbythisAct
(a)nodecisionastowhetherthegiftisvoidshallbe
of1988inrespectofthemakingofthegiftat
thegiftwasmadeissubjecttoarestraintorder,
and
(b)anydecisionastowhetheritisvoidmadeunder
restraintordershalltakeintoaccountany
realisationunderthisActofpropertyheldby
thepersontowhomthegiftwasmade.
(4)Inanycaseinwhichapetitioninbankruptcywas
presented,oranadjudicationinbankruptcywasmade,
before1stJanuary,1989,thissectionshallhaveeffectwith
themodificationthatforreferencestothepropertyofthe
bankruptforthepurposesofthesaidActof1988there
shallbesubstitutedreferencestothepropertyofthe
bankruptvestingintheassigneesforthepurposesofthe
C6
ApplicationofActrestricted(4.08.1996)byProceedsof
CrimeAct1996(30/1996),s.11,commencedon
enactment.
Bankruptcyofrespondent,etc.
11.(1)Whereapersonwhoisinpossessionorcontrol
ofpropertyisadjudicatedbankrupt,propertysubjecttoan
interimorder,aninterlocutoryorder,oradisposalorder,
madebeforetheorderadjudicatingthepersonbankrupt,is
excludedfromthepropertyofthebankruptforthe
powersconferredontheCourtbysection2or3shallnot
beexercisedinrelationtopropertyofthebankruptforthe
purposesofthesaidActof1988.
beforethe1stdayofJanuary,1989,thissectionshallhave
effectwiththemodificationthat,forthereferencesin
subsections(1)and(2)tothepropertyofthebankruptfor
thepurposesoftheActaforesaid,thereshallbe
substitutedreferencestothepropertyofthebankrupt
vestingintheassigneesforthepurposesofthelawof
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bankruptcyexistingbeforethatdate.
C7
ApplicationofActrestricted(1.08.1995)byNettingof
FinancialContractsAct1995(25/1995),s.4,commenced
onenactment.
Enforceabilityofnetting,setoff,guaranteesandcollateral
inrelationtonettingandmasternettingagreements.
4.(1)Notwithstandinganythingcontainedinanyrule
oflawrelatingtobankruptcy,insolvencyorreceivership,or
intheCompaniesActsortheBankruptcyAct,1988,the
provisions
(a)relatingtonetting,thesetoffofmoneyprovided
bywayofsecurity,theenforcementofa
guaranteeandtheenforcementandrealisation
ofcollateralandthesetoffoftheproceeds
thereof,ascontainedwithinanetting
agreementoraguaranteeprovidedforinsuch
anagreementshallbelegallyenforceable
againstapartytotheagreementand,where
applicable,againstaguarantororotherperson
providingsecurity,and
(b)relatingtosetoffofthenetamountsdueunder
nettingagreements,thesetoffofmoney
providedbywayofsecurity,theenforcementof
aguaranteeandtheenforcementand
realisationofcollateralandthesetoffofthe
proceedsthereof,ascontainedwithinamaster
nettingagreementoraguaranteeprovidedfor
insuchanagreementshallbelegally
enforceableagainstapartytotheagreement
and,whereapplicable,againstaguarantoror
otherpersonprovidingsecurity.
(2)Nothinginsubsection(1)shall
(a)preventtheapplicationofanyenactmentorruleof
lawwhichwouldpreventthelegalenforceability
ofnetting,setoff,enforcementandrealisation
withinthemeaningofsubsection(1)inany
particularcase,onthegroundsoffraudor
misrepresentationoronanysimilargroundand,
inparticular,byreasonoftheapplicationof
(i)sections57,58and59oftheBankruptcyAct,
1988,
(ii)section286oftheCompaniesAct,1963,and
(iii)section139oftheCompaniesAct,1990,
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or
(b)permittheenforceabilityofnetting,setoff,
enforcementandrealisationundersubsection
(1)ifanyprovisionofanagreementbetween
thetwopartiesconcernedwouldmakenetting,
setoff,enforcementandrealisationvoid
whetherbecauseoffraudormisrepresentation
oranysimilarground.
(3)SectionIIoftheStatuteofFrauds,1695,shallnot
applyinrelationtofinancialcontracts.
(4)Fortheavoidanceofdoubtafinancialcontractshall
notbeandshallbedeemednevertohavebeenvoidor
unenforceablebyreasonoftheGamingandLotteriesActs,
1956to1986.
C8
ApplicationofActextended(1.08.1995)byInvestment
IntermediariesAct1995(11/1995),s.22(1)(a)(d)and(9),
S.I.No.207of1995.
WindinguponapplicationtoCourt.
22.(1)Notwithstandingsection215oftheCompanies
Act,1963,asupervisoryauthoritymay,bypresentinga
petition,applytotheCourttohaveanauthorised
investmentbusinessfirmorformerauthorisedinvestment
businessfirmwounduponanyofthefollowinggrounds,
namelythat
(a)anauthorisedinvestmentbusinessfirmorformer
authorisedinvestmentbusinessfirmisor,inthe
opinionofthesupervisoryauthority,maybe
unabletomeetitsobligationstoitsclientsor
creditors,
(b)theauthorisationoftheinvestmentbusinessfirm
hasbeenrevokedandtheformerauthorised
investmentbusinessfirmhasceasedtooperate
asaninvestmentbusinessfirm,
(c)thesupervisoryauthorityconsidersthatitisinthe
interestoftheproperandorderlyregulation
andsupervisionofinvestmentbusinessfirmsor
isnecessaryfortheprotectionofinvestorsthat
theauthorisedinvestmentbusinessfirmor
formerauthorisedinvestmentbusinessfirmbe
woundup,
(d)anauthorisedinvestmentbusinessfirmoraformer
authorisedinvestmentbusinessfirmhasfailed
tocomplywithanydirectiongivenbythe
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supervisoryauthorityunderthisAct.
...
(9)Inthecaseofanauthorisedinvestmentbusinessfirm
oraformerauthorisedinvestmentbusinessfirmwhichis
constitutedasanindividualperson,thesupervisory
authoritymayapplybypetitiontotheCourtforan
adjudicationofbankruptcywithinthemeaningofthe
BankruptcyAct,1988,andtheBankruptcyAct,1988shall
applyasifthegroundsspecifiedinsubsection(1)(a)to(d)
ofthissectionwereactsofbankruptcy(withinthemeaning
oftheBankruptcyAct,1988).
C9
ApplicationofActrestricted(14.11.1994)byCriminal
JusticeAct1994(15/1994),s.28,S.I.No.324of1994.
28.(1)Whereapersonwhoholdsrealisablepropertyis
adjudicatedbankrupt
(a)propertyforthetimebeingsubjecttoarestraint
ordermadebeforetheorderadjudicatinghim
bankrupt,and
(b)anyproceedsofpropertyrealisedbyvirtueof
section20(5)or(6)or24(7)ofthisAct,forthe
timebeinginthehandsofareceiver,
isexcludedfromthepropertyofthebankruptforthe
powersconferredontheHighCourtoronareceiverby
section20or24ofthisActshallnotbeexercisedinrelation
topropertyofthebankruptforthepurposesofthesaidAct
of1988.
directlyorindirectlymadeagiftcaughtbythisAct
anytimewhen
(i)proceedingsforanoffenceinrespectofwhich
aconfiscationordermightbemadehave
beeninstitutedagainsthimandhavenot
beenconcluded,or
(ii)anapplicationhasbeenmadeinrespectof
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thedefendantundersection7,8,13,or18
ofthisActandhasnotbeenconcluded,or
(iii)propertyofthepersontowhomthegiftwas
madeissubjecttoarestraintorder,
and
anyofthosesectionsaftertheconclusionofthe
proceedingsoroftheapplicationshalltakeinto
accountanyrealisationunderthisActof
propertyheldbythepersontowhomthegift
wasmade.
before1stJanuary,1989,thissectionshallhaveeffectwith
themodificationthatforreferencestothepropertyofthe
bankruptforthepurposesofthesaidActof1988there
shallbesubstitutedreferencestothepropertyofthe
bankruptvestingintheassigneesforthepurposesofthe
EditorialNotes:
E1
Prospectiveaffectingprovision:aquaculturelicence
regardedaspropertyformingpartofbankruptsestatefor
purposesofActiftheholderofthelicenceisadjudicated
bankruptbyFoyleFisheriesAct1952(5/1952),s.53K,as
insertedbyFoyleandCarlingfordFisheriesAct2007
(17/2007),s.4,notcommencedasofdateofrevision.
E2
OfficeoftheOfficialAssigneeinBankruptcyprescribedfor
purposesofaccesstotheNationalVehicleandDriverfile
recordsestablishedunderFinanceAct1993(13/1993),s.
60(3)andRoadTrafficAct1961(24/1961),s.22(4)
(9.07.2015)byNationalVehicleandDriverFile(Access)(No.
2)Regulations2015(S.I.No.287of2015),reg.2andsch.
ref.15.
E3
InsolvencyServicerequiredtokeepaccountsrelatingto
functionsoftheOfficialAssigneeunderActbyPersonal
InsolvencyAct2012(44/2012),s.17(2)(b)assubstituted
(3.12.2013)byCourtsandCivilLaw(Miscellaneous
Provisions)Act2013(32/2013),s.39,S.I.No.463of2013.
E4
Obligationimposedonapersonwhoholdsaspecified
positionwithanoperatortoinformtheoperatorinwriting
intheeventthatheorsheisorhasbeenconvictedofan
offenceunderAct(4.12.2011)byEuropeanUnion
(OccupationofRoadTransportOperator)Regulations2011
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(S.I.No.697of2011),reg.8andsch.
E5
PowergrantedtoMinisterforTransport,Tourismand
Sport,indeterminingwhetheranoperatorhassatisfiedor
continuestosatisfytherequirementofgoodrepute,to
considerwhetherornottheoperatororapersonwho
holdsaspecifiedpositionwiththeoperatorhas,withinthe
previous10years,beenconvictedofanoffenceunderAct
(4.12.2011)byEuropeanUnion(OccupationofRoad
TransportOperator)Regulations2011(S.I.No.697of
2011),reg.6andsch.
E6
ObligationimposedonprisonofficerstoinformGovernor
intheeventofproceedingsunderActbeingbroughtin
relationtotheofficer(1.10.2007)byPrisonRules2007(S.I.
No.252of2007),rl.96(c),ineffectasperrl.1(2).
E7
Previousaffectingprovision:OfficeoftheOfficialAssignee
inBankruptcyprescribedforpurposesofaccesstothe
NationalVehicleandDriverfilerecordsestablishedunder
FinanceAct1993(13/1993),s.60(19.02.2015)byNational
VehicleandDriverFile(Access)Regulations2015(S.I.No.
64of2015);revoked(9.07.2015)byNationalVehicleand
DriverFile(Access)(No.2)Regulations2015(S.I.No.287of
2015),reg.3.
PARTI
PRELIMINARYANDGENERAL
Shorttitle.
1.ThisActmaybecitedastheBankruptcyAct,
1988.
Commencement.
2.ThisActshallcomeintooperationonsuchday
notlaterthan1January,1989astheMinisterby
orderappoints.
Annotations:
EditorialNotes:
E8
Powerpursuanttosectionexercised(1.01.1989)by
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BankruptcyAct1988(Commencement)Order1988(S.I.No.
348of1988).
2.The1stdayofJanuary,1989,isherebyappointedas
thedayonwhichtheBankruptcyAct,1988,shallcomeinto
operation.
Interpretation.
3.InthisAct,unlessthecontextotherwise
requires,
adjudicationmeansadjudicationinbankruptcy;
afteracquiredpropertyhasthemeaningassigned
toitbysection44(5);
arrangementmeansanarrangementinpursuance
ofanorderforprotectionunderPartIV;
arrangingdebtormeansadebtorwhohasbeen
grantedanorderforprotectionunderPartIV;
assigneesmeanstheOfficialAssigneeandthe
creditors'assignee,ifany;
F1[BankruptcyInspectormeansapersonstanding
appointedforthetimebeing
(i)tothepositionofBankruptcyInspectorinthe
OfficeoftheOfficialAssigneein
Bankruptcyonthedaybeforethecoming
intooperationofsection29oftheCourts
andCivilLaw(MiscellaneousProvisions)
Act2013,or
(ii)tothepositionofBankruptcyInspector
pursuanttosection12ofthePersonal
InsolvencyAct2012;]
bankruptcysummonshasthemeaningassignedto
itbysection8(1);
conveyance,inrelationtoland,includesassignment
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andtransfer;
theCourtmeanstheHighCourt;
creditors'assigneemeansapersonchosenand
appointedassuchundersection18(1);
F2[DebtSettlementArrangementhasthesame
meaningasinthePersonalInsolvencyAct2012;]
F3[DirectormeanstheDirectoroftheInsolvency
Service;]
F4[insolvencyproceedingsmeansinsolvency
proceedingsopenedinamemberstateunderArticle
3oftheInsolvencyRegulationwherethedebtoror
eachdebtorisanindividualordeceased;
InsolvencyRegulationmeansCouncilRegulation(EC)
No.1346/2000of29May20001oninsolvency
proceedings;]
landincludesanyestateorinterestinorcharge
overland;
F4[liquidatormeansaliquidatorappointedin
insolvencyproceedings;]
F4[memberstatemeansamemberstateofthe
EuropeanCommunitiesotherthantheStateand
Denmark;]
theMinistermeanstheMinisterforJustice;
F1[OfficialAssigneemeansapersonstanding
appointedforthetimebeing
(i)tothepositionofOfficialAssigneein
BankruptcyintheOfficeoftheOfficial
AssigneeinBankruptcyonthedaybefore
thecomingintooperationofsection29of
theCourtsandCivilLaw(Miscellaneous
Provisions)Act2013,or
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(ii) to the position of Official Assignee pursuant

to section 12 of the Personal Insolvency
Act2012;]
F2[PersonalInsolvencyArrangementhasthesame
meaningasithasinthePersonalInsolvencyAct
2012;]
prescribed,exceptinrelationtocourtfees,means
prescribedbyrulesofcourt;
F5[property
(a)includesmoney,goods,thingsinaction,land
andeverydescriptionofproperty,
whetherrealorpersonal,
(b)includesobligations,easementsandevery
descriptionofestate,interest,andprofit,
presentorfuture,vestedorcontingent,
arisingoutoforincidenttoproperty,
(c)inrelationtoproceedingsopenedintheState
underArticle3(1)oftheInsolvency
Regulation,includespropertysituated
outsidetheState,and
(d)inrelationtoproceedingssoopenedunder
Article3(2)oftheRegulation,doesnot
includepropertysosituated;]
registered,inrelationtoland,meansregisteredin
theRegistryofDeedsortheLandRegistry,asmaybe
appropriate;
securedcreditormeansanycreditorholdingany
mortgage,chargeorlienonthedebtor'sestateorany
partthereofassecurityforadebtduetohim;
F2[statementofaffairsmeansastatementofthe
debtorsorbankruptsaffairsintheformspecifiedin
rulesofcourt;]
F2[trusteemeansapersonappointedastrustee
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underPartV;]
vestingarrangementhasthemeaningassignedtoit
bysection93(2).
F6[(2)PartsII,III,IV(insofarasitrelatestovesting
arrangements),V,VIandVIIIandtheFirstSchedule
aresubjecttoChaptersI(generalprovisions)andIII
(secondaryinsolvencyproceedings)oftheInsolvency
Regulation.]
Annotations:
Amendments:
F1
Substituted(3.12.2013)byCourtsandCivilLaw
(MiscellaneousProvisions)Act2013(32/2013),s.27,S.I.
No.463of2013.
F2
Inserted(3.12.2013)byPersonalInsolvencyAct2012
(44/2012),s.142,S.I.No.462of2013.
F3
Inserted(3.12.2013)byCourtsandCivilLaw(Miscellaneous
F4
Inserted(2.07.2002)byEuropeanCommunities(Personal
Insolvency)Regulations2002(S.I.No.334of2002),reg.
3(a)(i).
F5
Substituted(2.07.2002)byEuropeanCommunities
(PersonalInsolvency)Regulations2002(S.I.No.334of
2002),reg.3(a)(ii).
F6
3(a)(iii).
1OJL160of30.6.2000
ApplicationofActtosubsistingbankruptciesand
arrangements.
4.(1)SavewhereotherwiseprovidedinthisAct,
abankruptcyorarrangementsubsistingatthe
commencementofthisActshallthereafterbe
administeredaccordingtotheprovisionsofthisAct
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andtherulesthereunder,withoutprejudicetothe
validityofanythingdulydoneorsufferedbeforesuch
commencement.
(2)TheprovisionsofthisActandtherulesshall
applyaccordingly,sofarastheyarecapableof
applicationandsubjecttosuchmodificationsand
adaptationsasmaybeappropriate,asifthebankrupt
hadbeenadjudicatedorthearrangingdebtorhad
beengrantedanorderforprotectionunderthisAct.
Expenses.
5.TheexpensesincurredbytheMinisterinthe
administrationofthisActshall,tosuchextentasmay
besanctionedbytheMinisterforFinance,bepaidout
ofmoneysprovidedbytheOireachtas.
Repeals.
6.(1)TheenactmentsmentionedintheSecond
Scheduleareherebyrepealedtotheextent
mentionedinthethirdcolumnofthatSchedule.
(2)Anypetition,summons,subpoena,order,
direction,noticeorotherinstrumentpresented,
served,madeorissuedunderarepealedenactment
andinforceatthecommencementofthisActshall
continueinforceandbetreatedthereafterasifithad
beenpresented,served,madeorissuedunderthis
Act.
PARTII
PROCEDUREINBANKRUPTCY
Actsofbankruptcy.
(1872,s.21inpt.)
7.(1)Anindividual(inthisActcalledadebtor)
commitsanactofbankruptcyineachofthefollowing
cases
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(a)ifintheStateorelsewherehemakesa
conveyanceorassignmentofallor
substantiallyallofhispropertytoatrustee
ortrusteesforthebenefitofhiscreditors
generally;
(b)ifintheStateorelsewherehemakesa
fraudulentconveyance,gift,deliveryor
transferofhispropertyoranypart
thereof;
(c)ifintheStateorelsewherehemakesany
conveyanceortransferofhispropertyor
anypartthereof,orcreatesanycharge
thereon,whichwouldunderthisorany
otherActbevoidasafraudulent
preferenceifhewereadjudicated
bankrupt;
F7[(ca)theindividualhasbeensubjectasa
debtortoaDebtSettlementArrangement
whichhasbeenterminatedundersection
83ofthePersonalInsolvencyAct2012;
(cb)theindividualhasbeensubjectasadebtor
toaDebtSettlementArrangementwhich
undersection84ofthePersonal
InsolvencyAct2012isdeemedtohave
failed;
(cc)theindividualhasbeensubjectasadebtor
toaPersonalInsolvencyArrangement
whichhasbeenterminatedundersection
122ofthePersonalInsolvencyAct2012;
(cd)theindividualhasbeensubjectasadebtor
toaPersonalInsolvencyArrangement
whichundersection123ofthePersonal
InsolvencyAct2012isdeemedtohave
failed;]
(d)ifwithintenttodefeatordelayhiscreditors
heleavestheStateorbeingoutofthe
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StateremainsoutoftheStateordeparts
fromhisdwellinghouseorotherwise
absentshimselforevadeshiscreditors;
(e)ifhefilesintheCourtadeclarationof
insolvency;
(f)ifexecutionagainsthimhasbeenleviedby
theseizureofhisgoodsunderanorderof
anycourtorifareturnofnogoodshas
beenmadebythesherifforcounty
registrarwhetherbyendorsementonthe
orderorotherwise;
(g)ifthecreditorpresentingapetitionhas
serveduponthedebtorintheprescribed
mannerabankruptcysummons,andhe
doesnotwithinfourteendaysafterservice
ofthesummonspaythesumreferredtoin
thesummonsorsecureorcompoundforit
tothesatisfactionofthecreditor.
(2)Adebtoralsocommitsanactofbankruptcyif
hefailstocomplywithadebtor'ssummonsserved
pursuanttosection21(6)oftheBankruptcy(Ireland)
AmendmentAct,1872,withintheappropriatetime
thereunder,andsection8(6)ofthisActshallapplyto
suchdebtor'ssummons.
(3)Thissectionapplies,sofarasitiscapableof
application,inrelationtoactsandthingsand
omissionsandfailurestodoactsandthingswhether
occurringbefore,orpartlybeforeandpartlyafteror
whollyafter,thecommencementofthisAct.
Annotations:
Amendments:
F7
(44/2012),s.143,S.I.No.462of2013.
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Bankruptcysummons.
(New:cf.1872,s.30inpt.)
8.F8[(1)A summons (in this Act referred to as a
bankruptcysummons) may be granted by the court
to a person (in this section referred to as the
creditor)whoprovesthat
(a) a debt of more than 20,000 is due to the
creditor concerned by the person against
whomthesummonsissought,
(b)thedebtisaliquidatedsum,and
(c) the creditor concerned has given not less
than 14 daysF9[notice in the prescribed
form to the debtor] of the creditors
intention to apply for a bankruptcy
summonsandthedebtremainsunpaid.]
(2)Abankruptcysummonsmaybegrantedtotwo
ormorecreditorswhoarenotpartnersandwhose
debtsamounttogethertoF10[morethan20,000]or
more.Insuchacase,tocomplywiththerequisitions
containedinthesummonsadebtormustpayor
compoundforthedebtsorgivesecurityforthemto
allthecreditorswhoarepartiestothesummons,
unlesstheyotherwiseagree.
(3)Thenoticerequiringpaymentofthedebtshall
setouttheparticularsofthedebtdueandshall
requirepaymentF9[within14days]afterservice
thereofonthedebtor.
(4)Thebankruptcysummonsshallbeinthe
prescribedform.
(5)Adebtorservedwithabankruptcysummons
mayapplytotheCourtintheprescribedmannerand
withintheprescribedtimetodismissthesummons.
(6)TheCourt
(a)maydismissthesummonswithorwithout
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costs,and
(b)shalldismissthesummonsifsatisfiedthatan
issuewouldarisefortrial.
Annotations:
Amendments:
F8
Substituted(3.12.2013)byPersonalInsolvencyAct2012
(44/2012),s.144(a),S.I.No.462of2013.
F9
(MiscellaneousProvisions)Act2013(32/2013),s.28(a),(b),
S.I.No.463of2013.
F10
(44/2012),s.144(b),S.I.No.462of2013.
C10
Applicationofsectionrestricted(31.07.2013)byPersonal
InsolvencyAct2012(44/2012),s.35(2)(b),s.79(4),(5)and
s.116(4),(5),S.I.No.285of2013.
EffectofissueofDebtReliefNotice.
35....
(2)A specified creditor shall not, during the supervision
periodconcerned,inrespectofaspecifiedqualifyingdebt,
present,applyfororproceedwith...
(b)asummonsundersection8oftheBankruptcy Act
1988.
...
EffectofDebtSettlementArrangement.
79....
(4)WhereaDebtSettlementArrangementisineffect,a
creditor of that debtor shall not apply for the issue of a
summons under section 8 of the Bankruptcy Act 1988 or
present a petition to have the debtor concerned
adjudicatedabankruptinrespectofadebtcoveredbythe
DebtSettlementArrangement.
(5) Where a Debt Settlement Arrangement is in effect,
andacreditorofthatdebtorhasappliedfortheissueofa
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summons under section 8 of the Bankruptcy Act 1988 or

has presented a petition to have the debtor concerned
Debt Settlement Arrangement, the creditor shall not
proceedwiththesummonsorthepetition.
...
EffectofPersonalInsolvencyArrangement.
116....
(4) Where a Personal Insolvency Arrangement is in
effect,acreditorofthatdebtorshallnotapplyfortheissue
ofasummonsundersection8oftheBankruptcyAct1988
or present a petition to have the debtor concerned
PersonalInsolvencyArrangement.
(5) Where a Personal Insolvency Arrangement is in
effect, and a creditor of that debtor has applied for the
issueofasummonsundersection8oftheBankruptcy Act
1988 or has presented a petition to have the debtor
concerned adjudicated a bankrupt in respect of a debt
covered by the Personal Insolvency Arrangement, the
creditor shall not proceed with the summons or the
petition.
...
C11
ApplicationofActextendedbyTaxesConsolidationAct
(39/1997),s.960M,asinserted(1.03.2009)byFinance(No.
2)Act2008(25/2008),s.97andsch.4para.1,commenced
aspers.97andsch.4para.6
TakingbyCollectorGeneralofproceedingsinbankruptcy.
960M.(1)TheCollectorGeneralmayinhisorherown
nameapplyforthegrantofabankruptcysummonsunder
section8oftheBankruptcyAct1988orpresentapetition
foradjudicationundersection11ofthatActinrespectof
tax(exceptcorporationtax)dueandpayableorany
balanceofsuchtax.
(2)Subjecttothissection,therulesofcourtforthetime
beingapplicableandtheenactmentsrelatingtobankruptcy
shallapplytoproceedingsunderthissection.
EditorialNotes:
E9
Applicationofsectionrestricted(31.07.2013)byPersonal
InsolvencyAct2012(44/2012),s.35(2)(b),s.79(4),(5)and
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s.116(4),(5),S.I.No.285of2013.
E10
Previousaffectingprovision:subs.(1)amended(1.01.2002)
byBankruptcyAct1988(AlterationofMonetaryLimits)
Order2001(S.I.No.595of2001),art.2andsch.;
substitutedasperFnoteabove.
E11
Order2001(S.I.No.595of2001),art.2andsch.;further
amendedasperFnoteabove.
Arrestofabscondingdebtor.
(1872,ss.78,79and80)
9.(1)Where,afterabankruptcysummonshas
beengrantedagainstadebtorandbeforeapetition
toadjudicatehimbankruptcanbepresentedagainst
him,itappearstotheCourtthatthereisprobable
causeforbelievingthatheisabouttoleavetheState
ortootherwiseabscondwithaviewtoavoiding
paymentofthedebtforwhichthebankruptcy
summonswasissuedoravoidingexaminationin
respectofhisaffairsorotherwiseavoidingordelaying
proceedingsinbankruptcy,theCourtmaycausesuch
debtortobearrestedandbroughtbeforetheCourt.
(2)Noarrestunderthissectionshallbelawful
unlessthedebtor,beforeoratthetimeofhisarrest,
isservedwiththebankruptcysummons.
(3)Onthedebtorofferingsuchsecurity,ormaking
suchpaymentorcompositionastheCourtthinks
reasonable,heshallbedischargedfromcustody
unlesstheCourtotherwiseorders.
(4)Anysuchsecurity,paymentorcompositionshall
notbeexemptfromtheprovisionsofthisActrelating
tofraudulentpreferences.
Petition.
(1857,s.116inpt.)
10.Anapplicationforadjudicationshallbeby
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petitionverifiedbytheaffidavitofthepetitioner.
Presentingpetition.
(1872,s.20)
11.(1)Acreditorshallbeentitledtopresenta
petitionforadjudicationagainstadebtorif
(a)thedebtowingbythedebtortothe
petitioningcreditor(or,iftwoormore
creditorsjoininpresentingthepetition,
theaggregateamountofdebtsowingto
them)F11[amountstomorethan
20,000],
(1872,s.21inpt.)
(b)thedebtisaliquidatedsum,
(cf.1857,s.115)
(c)theactofbankruptcyonwhichthepetitionis
foundedhasoccurredwithinthreemonths
beforethepresentationofthepetition,
and
(New:cf.1857,s.409)
(d)thedebtor(whetheracitizenornot)is
domiciledintheStateor,F12[within3
years]beforethedateofthepresentation
ofthepetition,hasordinarilyresidedor
hadadwellinghouseorplaceofbusiness
intheStateorhascarriedonbusinessin
theStatepersonallyorbymeansofan
agentormanager,orisorwithinthesaid
periodhasbeenamemberofa
partnershipwhichhascarriedonbusiness
intheStatebymeansofapartner,agent
ormanager.
(1872,s.21inpt.)
(2)Ifacreditorwhopresentsorjoinsinpresenting
thepetitionisasecuredcreditor,heshallinhis
petitionsetoutparticularsofhissecurityandshall
eitherstatethatheiswillingtogiveuphissecurityfor
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thebenefitofthecreditorsintheeventofthedebtor
beingadjudicatedbankruptorgiveanestimateofthe
valueofhissecurity.Whereasecuredcreditorgives
anestimateofthevalueofhissecurity,hemaybe
admittedasapetitioningcreditororjointpetitioning
creditortotheextentofthebalanceofthedebtdue
tohimafterdeductingthevaluesoestimatedinthe
samemannerasifhewereanunsecuredcreditorbut
heshallonapplicationbeingmadebytheOfficial
Assigneeafterthedateofadjudicationgiveuphis
securitytotheOfficialAssigneeforthebenefitofthe
creditorsuponpaymentofsuchestimatedvalue.
(1857,s.120)
F13[(3)Subjecttosubsections(4)and(5)adebtor
maypetitionforadjudicationagainsthimself.
(4) A debtor may not present a petition for
adjudicationunlessthepetitionisaccompaniedbyan
affidavit sworn by the debtor that he has, prior to
presenting the petition, made reasonable efforts to
reach an appropriate arrangement with his creditors
relatingtohisdebtsbymakingaproposalforaDebt
Settlement Arrangement or a Personal Insolvency
Arrangementtotheextentthatthecircumstancesof
the debtor would permit him to enter into such an
arrangement.
(5) A debtor may not present a petition for
adjudication unless the petition is accompanied by a
statement of affairs and such statement of affairs
discloses that the debts of the debtor exceed the
assets of the debtor by any amount greater than
20,000.]
Annotations:
Amendments:
F11
(44/2012),s.145(a),S.I.No.462of2013.
F12
Substituted(2.08.2011)byCivilLaw(Miscellaneous
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Provisions)Act2011(23/2011),s.30(a),commencedon
enactment.
F13
Substitutedandinserted(3.12.2013)byPersonalInsolvency
Act2012(44/2012),s.145(b),S.I.No.462of2013.
C12
ApplicationofActextended(1.03.2009)byTaxes
ConsolidationAct(39/1997),s.960M,asinsertedby
Finance(No.2)Act2008(25/2008),s.97andsch.4para.1,
commencedaspers.97andsch.4para.6.
TakingbyCollectorGeneralofproceedingsinbankruptcy.
960M.(1)TheCollectorGeneralmayinhisorherown
nameapplyforthegrantofabankruptcysummonsunder
section8oftheBankruptcyAct1988orpresentapetition
foradjudicationundersection11ofthatActinrespectof
tax(exceptcorporationtax)dueandpayableorany
balanceofsuchtax.
(2)Subjecttothissection,therulesofcourtforthetime
beingapplicableandtheenactmentsrelatingtobankruptcy
shallapplytoproceedingsunderthissection.
EditorialNotes:
E12
Order2001(S.I.No.595of2001),art.2andsch.,ineffect
asperart.2;furtheramendedasperFnoteabove.
F14[Petitioningcreditorscosts.
12. (1) The petitioning creditor shall at his own
cost present his petition and prosecute it until the
statutory sitting referred to in section 17(3), and
subjecttosubsection(2)theCourtshallatorafterthe
sitting make an order for the payment of such costs
outoftheestateofthebankruptincourseofpriority
tobesettledbyrulesofcourt.
(2)Inconsideringwhetheritisappropriatetomake
an order under subsection (1) the Court shall have
regardtowhetherornotthepetitioningcreditorhad
unreasonably refused to accept proposals made in
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connection with a proposal for a Debt Settlement

Arrangement or a Personal Insolvency Arrangement
pursuanttothePersonalInsolvencyAct2012.]
Annotations:
Amendments:
F14
(44/2012),s.146,S.I.No.462of2013.
Petitionoractofbankruptcyagreedbetween
bankruptandcreditor.
(1857,s.136)
13.Nopetitionforadjudicationshallbedismissed
oradjudicationannulledbyreasononlythatthe
petitionoractofbankruptcyhasbeenconcertedor
agreeduponbetweenthebankruptorhissolicitor
andanycreditororotherperson.
F15[Adjudication:creditorspetition.
14. (1) Subject to subsection (2), where the
petitionispresentedbyacreditor,theCourtshall,if
satisfiedthattherequirementsofsection11(1)have
been complied with, by order adjudicate the debtor
bankrupt.
(2) Before making an order under subsection (1),
the Court shall consider the nature and value of the
assets available to the debtor, the extent of his
liabilities,andwhetherthedebtors inability to meet
his engagements could, having regard to those
mattersandthecontentsofanystatementofaffairs
of the debtor filed with the Court, be more
appropriatelydealtwithbymeansof
(a)aDebtSettlementArrangement,or
(b)aPersonalInsolvencyArrangement,
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and where the Court forms such an opinion the

Court may adjourn the hearing of the petition to
allowthedebtoranopportunitytoenterintosuchof
those arrangements as is specified by the Court in
adjourningthehearing.
(3) A copy of the order shall be served on the
debtor, either personally or by leaving it at his
residenceorplaceofbusinessintheState.
(4) For the purposes of subsection (2), the Court
may order the bankrupt to attend and make full
disclosureofhisassetsandliabilitiestotheCourtby
wayofastatementofaffairsfiledwiththeCourt.]
Annotations:
Amendments:
F15
(44/2012),s.147,S.I.No.462of2013.
F16[Adjudicationondebtorspetition.
15. (1) Subject to subsection (2), where the
petition for adjudication is presented by the debtor
theCourtmay,whereitconsidersitappropriatetodo
so,andwhereitissatisfiedthatthedebtorisunable
to meet his engagements with his creditors andthat
the requirements of section 11(4) and (5) have been
complied with, by order adjudicate the debtor a
bankrupt.
(2) Before making an order under subsection (1),
the Court shall consider the nature and value of the
assets available to the debtor, the extent of his
liabilities,andwhetherthedebtors inability to meet
his engagements could, having regard to those
mattersandthecontentsofthedebtorsstatementof
affairs filed with the Court, be more appropriately
dealtwithbymeansof
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(a)aDebtSettlementArrangement,or
(b)aPersonalInsolvencyArrangement,
and where the Court forms such an opinion the
courtmayadjournthehearingofthepetitiontoallow
thedebtoranopportunitytoenterintosuchofthose
arrangements as is specified by the Court in
adjourningthehearing.]
Annotations:
Amendments:
F16
(44/2012),s.148,S.I.No.462of2013.
EditorialNotes:
E13
Previousaffectingprovision:sectionamended(1.01.2002)
asperart.2;substitutedasperFnoteabove.
Causeshownagainstadjudication.
(cf.1857,s.129)
16.(1)Thebankruptmay,withinthreedaysor
suchextendedtimenotexceedingfourteendaysas
theCourtthinksfitfromtheserviceofthecopyofthe
orderofadjudicationonhim,showcausetotheCourt
againstthevalidityoftheadjudication.
(2)Onanapplicationtoshowcauseunder
subsection(1)theCourtshall,ifwithinsuchtimethe
bankruptshowstoitssatisfactionthatanyofthe
requirementsofsection11(1)havenotbeen
compliedwith,annultheadjudicationandmay,inany
othercase,dismisstheapplicationoradjourniton
suchconditionsastheCourtthinksfit,havingregard
totheinterestsofthebankrupt,hiscreditorsandany
personswhomightadvancefurthercredittohim.
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(3)Nothinginthissectionshallbeconstruedto
preventtheimmediateseizureofthegoodsofthe
bankruptonhisadjudication.
Noticeofadjudicationandstatutorysitting.
(1857,ss.129,130inpt.,cf.s.353)
17.(1)Thissectionshallhaveeffect
(a)inthecaseofacreditor'spetitionwhere
causehasnotbeenshowntothe
satisfactionoftheCourtforannullingthe
adjudicationwithinthetimeforshowing
cause,ontheexpirationofthattime;
(b)inthecaseofadebtor'spetitionunder
section15ortheadjudicationofan
arrangingdebtorundersection105,on
adjudication.
F17[(2) The Court shall cause notice of the
adjudication to be given as soon as may be in the
prescribedmannerintheIrisOifigiil,and
(a)inatleastonedailynewspapercirculatingin
theState,or
(b) by the publication of the notice on the
website of the Insolvency Service of
Ireland.]
(3)TheCourtshallappointastatutorysittingtobe
heldwithinthreeweeksofthepublicationofthe
noticeatwhichthebankruptshallattendandmake
fulldisclosureofhispropertytotheCourt,andhis
creditorsmayprovetheirdebtsandchooseand
appointacreditors'assignee.
(4)TheCourt,onadjourninganapplicationtoshow
causeundersection16(1),maystaypublicationof
noticeoftheadjudicationonsecuritybeinggivenby
thebankruptoronsuchotherconditionsastheCourt
thinksfit.
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Annotations:
Amendments:
F17
Substituted(24.12.2013)byCompanies(Miscellaneous
Provisions)Act2013(46/2013)s.10(a),commencedasper
s.11(4).
Creditors'assignee.
(1857,ss.64,265)
18.(1)Atthestatutorysittingreferredtoin
section17(3)thecreditorsmaychooseandappointa
person(inthisActreferredtoasthecreditors'
assignee)torepresentthemintheadministrationof
thebankrupt'sestate.
(2)Allcreditorsshallbeentitledtovoteinsuch
choiceinpersonorbyanagentauthorisedinwriting
inthatbehalf,andthechoiceandappointmentshall
bemadebythemajorpartinvalueofthecreditors.
(3)TheCourtmayrejectanypersonsochosenwho
appearstotheCourtunfittobeacreditors'assignee
ormayremoveacreditors'assigneeandintheevent
ofavacancy,howeverarising,anewchoiceand
appointmentmaybemadeinlikemanner.
(4)Forthepurposesofappointingacreditors'
assigneeacreditormayprovehisdebt.
F18[RevenueCommissionerstofurnishcertain
informationtoOfficialAssignee.
18A. (1) Where a person has been adjudicated
bankrupt the Revenue Commissioners shall, where
requestedtodosobytheOfficialAssignee,furnishto
the Official Assignee such information as has been
requestedheldbytheminrelationtothecarryingon
ofanytradeorprofessionorrelatingtoanymatterin
respect of which a return is required to be made to
the Revenue Commissioners and to which the
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bankruptisorwasaparty.
(2) The information to be provided under
subsection (1) shall also be provided to a trustee in
bankruptcyotherthantheOfficialAssigneeappointed
underPartV.]
Annotations:
Amendments:
F18
Inserted(2.08.2011)byCivilLaw(MiscellaneousProvisions)
Act2011(23/2011),s.30(b),commencedonenactment.
Dutiesofbankrupt.
(1857,s.132inpt.)
19.Thebankruptshall
(a)unlesstheCourtotherwisedirects,forthwith
deliveruptotheOfficialAssigneesuch
booksofaccountorotherpapersrelating
tohisestateinhispossessionorcontrolas
theOfficialAssigneemayfromtimeto
timerequestanddisclosetohimsuchof
themasareinthepossessionorcontrolof
anyotherperson;
(b)deliveruppossessionofanypartofhis
propertywhichisdivisibleamonghis
creditorsunderthisAct,andwhichisfor
thetimebeinginhispossessionorcontrol,
totheOfficialAssigneeoranyperson
authorisedbytheCourtorotherwise
undertheprovisionsofthisActtotake
possessionofit;
(c)unlesstheCourtotherwisedirects,withinthe
prescribedtimefileintheCentralOfficea
statementofaffairsintheprescribedform
anddeliveracopythereoftotheOfficial
Assignee;
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(d)giveeveryreasonableassistancetothe
OfficialAssigneeintheadministrationof
theestate;
(e)disclosetotheOfficialAssigneeanyafter
acquiredproperty.
Changeofnameoraddress,etc.
(New)
20.(1)Abankruptshallforthwithnotifythe
OfficialAssigneeinwritingofanychangeinhisname
oraddresswhichoccursduringhisbankruptcy.
(2)Forthepurposesofsubsection(1)achangein
thenameofabankruptshallbedeemedtooccurif
thebankruptinfactassumestheuseofadifferent
nameoranadditionalname.
(3)Abankruptshall,wheneverrequiredbythe
OfficialAssigneetodoso,forthwithnotifytheOfficial
Assigneeinwritingofthenatureofanyprofession,
vocation,businessoremploymentinwhichheis
engaged.
(4)Abankruptwhofailstocomplywithanyofthe
provisionsofthissectionshallbeguiltyofanoffence.
Examinationofbankruptandotherpersons.
(1857,ss.305inpt.,306,307,308,310;cf.33/1963,
s.245)
21.(1)TheCourtmaysummonbeforeita
bankruptoranypersonwhoisknownorsuspectedto
haveinhispossessionorcontrolanypropertyofthe
bankruptortohavedisposedofanypropertyofthe
bankruptorwhoissupposedtobeindebtedtothe
bankrupt,oranypersonwhomtheCourtdeems
capableofgivinginformationrelatingtothetrade,
dealings,affairsorpropertyofthebankrupt.
(2)TheCourtmayexaminehimonoathconcerning
themattersaforesaid,eitherorallyoronwritten
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interrogatories,andmayreducehisanswersto
writingandrequirehimtosignthem.
(3)TheCourtmayrequirehimtoproduceany
booksofaccountandpapersinhispossessionor
controlrelatingtothemattersaforesaidbut,where
heclaimsanylienonbooksorpapersproducedby
him,theproductionshallbewithoutprejudicetothat
lienandtheCourtmaydetermineallquestionsin
relationtothelien.
(4)Abankruptorotherpersonwhoisexamined
underthissectionshallnotbeentitledtorefuseto
answeranyquestionputtohimonthegroundthat
hisanswermightincriminatehimbutnoneofhis
answersshallbeadmissibleinevidenceagainsthimin
anyotherproceedings,civilorcriminal,exceptinthe
caseofanycriminalproceedingsforperjuryinrespect
ofanysuchanswer.
Admissionofdebtduetobankrupt.
(cf.1857,s.311)
22.Ifanypersononexaminationappearstobe
indebtedtothebankruptortohaveinhispossession
orcontrolanypropertyofthebankrupt,theCourt,on
theapplicationoftheOfficialAssignee,mayorder
himtopaytotheOfficialAssignee,atsuchtimeand
insuchmannerastheCourtthinksfit,theamountor
anypartthereofortodelivertotheOfficialAssignee
suchpropertyoranypartthereofatsuchtimeandin
suchmannerandonsuchtermsastheCourtmay
direct.
Arrestofbankrupt,etc.
(cf.1857,ss.124,125)
23.(1)WhereitappearstotheCourt,atanytime
aftermakinganadjudicationorder,onproofof
probablecauseforbelievingthatabankruptisabout
toleavetheStateorotherwisetoabscondorhas
removedorconcealedorisabouttoremoveor
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concealanyofhispropertywithaviewtoavoiding
paymentofhisdebtsoravoidingexaminationin
respectofhisaffairs,oriskeepingoutofthewayand
cannotbeservedwithasummons,theCourtmay
causehimtobearrestedandbroughtbeforeitfor
examination.
(cf.1857,s.305inpt.)
(2)Whereabankrupthasbeensummonedbefore
theCourtpursuanttosection21andhedoesnot
comeatthetimeappointed,nothavinganexcuse
(madeknowntotheCourtatthetimeofitssitting
andallowedbyit)theCourtmaycausehimtobe
arrestedandbroughtbeforeitforexamination.
(cf.1857,s.308inpt.)
(3)WhereanypersonsummonedbeforetheCourt
pursuanttosection21afterbeingtendereda
reasonablesumforhisexpenses,doesnotcomeat
thetimeappointed,nothavinganexcuse(made
knowntotheCourtatthetimeofitssittingand
allowedbyit),theCourtmaycausehimtobe
arrestedandbroughtbeforeitforexamination.
(4)Theprovisionsofsubsections(2)and(3)are
withoutprejudicetothepowersoftheCourtin
relationtocontemptorenforcementofthe
attendanceofwitnesses.
Committaltoprison.
(1857,s.385)
24.Wherethebankruptoranyperson
summonedorbroughtbeforetheCourtrefusestobe
swornorrefusesorfailstoansweranylawful
questionputbytheCourtordoesnotfullyanswer
anysuchquestionorrefusestosignandsubscribehis
examinationwhenreducedtowriting(nothavingany
lawfulexcuseallowedbytheCourt)ortocomplywith
anyorderoftheCourtunderthisAct,theCourtmay
orderthatsuchpersonbecommittedtoprisonto
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awaitthefurtherorderoftheCourt.
Examinationofpersonsincustody.
(1872,s.73)
25.Wherethebankruptoranypersonisinprison
pursuanttoanorderoftheCourtundersection24,
theCourtmaybywarrantdirectedtothegovernorof
theprisonorderthathebebroughtbeforetheCourt.
WheresuchpersonsatisfiestheCourtthathehas
compliedwithitslawfulrequirementstheCourtshall
orderhisreleasefromcustody.Inanyothercasehe
maybetakenbacktoprisonwithoutanyfurther
order.
Releaseofbankruptfromprison.
(New)
26.Ifabankruptisinprisonbyvirtueofsection6
oftheEnforcementofCourtOrdersAct,1940,in
respectofadebtincurredbeforeadjudication,the
Courtmayorderhisrelease.
Warrantofseizure.
(1857,s.72inpt.)
27.(1)TheCourtmaybywarrantdirectthe
BankruptcyInspectororanyofhisassistantstoseize
anypropertyofthebankrupt.
(2)Anofficialactingunderthewarrantmayseize
anypartofthebankrupt'spropertyinthepossession
orcontrolofthebankruptand,forthepurposeof
seizinganysuchproperty,mayenterandifnecessary
breakopenanyhouse,building,roomorotherplace
belongingtothebankruptwhereanypartofhis
propertyisbelievedtobe.
Searchwarrant.
(cf.1857,s.326)
28.WhereitappearstotheCourtthatthereis
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reasontobelievethatanypropertyofthebankruptis
concealedinanyhouse,building,roomorotherplace
notbelongingtothebankrupt,theCourtmaygranta
searchwarranttotheBankruptcyInspectororanyof
hisassistants,orotherpersonappointedbythe
Court,whomayexecutethewarrantaccordingtothe
tenorthereof.
Indemnityforpersonsactingunderwarrant.
(1857,s.327)
29.TheBankruptcyInspectororhisassistantsor
otherpersonappointedbytheCourtshallnotbe
liableforanythingdonebonafidepursuanttoany
warrantoftheCourt.
ActionsbyOfficialAssigneeandbankrupt'spartners.
(cf.1857,s.278)
30.Whereamemberofapartnershipis
adjudicatedbankrupttheCourtmayauthorisethe
OfficialAssigneetocommenceandprosecuteany
actioninthenamesoftheOfficialAssigneeandofthe
bankrupt'spartnertorecoveranydebtduetoorany
propertyofthepartners,andanyreleasebysuch
partnerofthedebtordemandtowhichtheaction
relatesshallbevoid;butnoticeoftheapplicationfor
authoritytocommencetheactionshallbegivento
thebankrupt'spartnerandhemayshowcause
againstitandonhisapplicationtheCourtmay,ifit
thinksfit,directthatheshallreceivehispropershare
oftheproceedsoftheaction.Ifthepartnerdoesnot
claimanybenefitfromtheactionheshallbe
indemnifiedagainstcostsinrespectthereofasthe
Courtdirects.
Annotations:
C13
Applicationofsectionrestricted(25.07.1994)byInvestment
LimitedPartnershipsAct1994(24/1994),s.23,S.I.No.213
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of1994.
BankruptcyAct,1988.
23.Forthepurposesoftheapplicationofsections30,
31,32and36oftheBankruptcyAct,1988,alimited
partnershallnotberegardedasapartnerofaninvestment
limitedpartnership.
Petitionagainstoneormorepartners.
(cf.1857,s.122)
31.(1)Anycreditorwhosedebtissufficientto
entitlehimtopresentapetitionforadjudication
againstallthepartnersofafirmmaypresenta
petitionagainstanyoneormorepartnersofthefirm
withoutincludingtheothers.
(2)Whereapetitionforadjudicationispresented
againstmorethanonepersontheCourtmaymakean
orderofadjudicationagainstoneormoreofthem
anddismissthepetitionastotheremainder.
Annotations:
C14
of1994.
BankruptcyAct,1988.
limitedpartnership.
FurnishingofpartnershipaccountstoOfficial
Assignee.
(New)
adjudicatedbankrupttheOfficialAssigneemay
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requiretheotherpartnerorpartnerstodelivertothe
OfficialAssigneesuchaccountsandinformation
relatingtothepartnershipestateandthebankrupt's
interesttherein(dulyverifiedbyaffidavitifnecessary)
astheOfficialAssigneemaydeemnecessary.
Annotations:
C15
of1994.
BankruptcyAct,1988.
limitedpartnership.
Dutyofbankruptpartner.
(New)
adjudicatedbankruptheshalldelivertotheOfficial
Assigneewithintheprescribedtimeaseparate
statementofaffairsinrespectofthepartnershipin
theprescribedform.
Jointandseparateproperties.
(New)
34.(1)Inthecaseofpartnersthejointproperty
shallbeapplicableinthefirstinstanceinpaymentof
theirjointdebts,andtheseparatepropertyofeach
partnershallbeapplicableinthefirstinstancein
paymentofhisseparatedebts.
(2)Wherethereisasurplusofthejointproperty,it
shallbedealtwithaspartoftherespectiveseparate
propertiesinproportiontotherightandinterestof
eachpartnerinthejointproperty.
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(3)Wherethereisasurplusofanyseparate
propertyitshallbedealtwithaspartofthejoint
propertysofarasnecessarytomeetanydeficiencyin
thejointproperty.
Actionsonjointcontracts.
(New)
35.Whereabankruptisapartytoacontract
jointlywithanyotherperson,thatotherpersonmay
sueorbesuedinrespectofthecontractwithout
joiningthebankrupt.
Proceedingsinpartnershipname.
(New)
36.(1)Anytwoormorepersons,beingpartners,
oranypersoncarryingonbusinessundera
partnershipname,maytakeproceedingsorbe
proceededagainstunderthisActinthenameofthe
firm,butinsuchcasetheCourtmay,onapplication
byanypersoninterested,orderthenamesofthe
personstobedisclosedinsuchmanner,andverified
onoathorotherwise,astheCourtmaydirect.
(2)Notwithstandinganythingcontainedin
subsection(1)noorderofadjudicationshallbemade
againstafirminthefirmnamebutitshallbemade
againstthepartnersindividuallywiththeadditionof
thefirmname.
Annotations:
C16
of1994.
BankruptcyAct,1988.
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limitedpartnership.
Limitedpartnerships.
(33/1963,s.345(8))
37.Subjecttosuchmodificationsasmaybemade
byrulesofcourt,theprovisionsofthisActshallapply
tolimitedpartnershipsinlikemannerasiflimited
partnershipswereordinarypartnershipsand,onall
thegeneralpartnersofalimitedpartnershipbeing
adjudicatedbankrupt,theassetsofthelimited
partnershipshallvestintheOfficialAssignee.
CompositionafterBankruptcy
Stayonrealisationofestate.
(New)
38.TheCourtmay,ontheapplicationofa
bankrupt,grantastayontherealisationofhisestate,
forsuchtimeandundersuchconditionsasitthinks
fit,toenablehimoranypersonsactingonhisbehalf
tomakeanofferofcompositiontohiscreditorsunder
section39.
Offerofcomposition.
(cf.1857,ss.149,150inpt.;1872,s.61)
39.F19[(1)Whereastayontherealisationofthe
estate of the bankrupt has been granted under
section 38 or where the Official Assignee has
otherwise consented in writing to suspend the
realisationofthebankruptsestateonsuchtermsas
hemayspecifyinsuchconsent,thebankruptshallcall
a meeting of his creditors before the Court for the
purposeofmakinganofferofcompositiontothem.]
(2)Atleasttendaysbeforethemeetinganoticeof
themeetingspecifyingthepreciseofferof
compositiontobemadeshallbeinsertedinIris
Oifigiilandshallalsobesentbyposttoeachcreditor
athislastknownaddress.
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(3)Ifanofferofcompositionismadebyoron
behalfofthebankruptandthreefifthsinnumberand
valueofthecreditorsvotingatthemeeting,eitherin
personorbyanagentauthorisedinwritinginthat
behalf,accepttheofferoranymodificationofit,it
shallbedeemedtobeaccepted,andwhenapproved
bytheCourtshallbebindingonallcreditorsofthe
bankrupt.
F19[(4)Acreditorwhosedebtislessthan500
shallnotbeentitledtovote.]
(5)Ifforanyreasonthebankrupthasnotfileda
statementofhisaffairsasrequiredbysection19(c),
heshalldosoatorbeforethemeeting.
(6)Debtsmaybeprovedatthemeeting.
Annotations:
Amendments:
F19
(44/2012),s.149,S.I.No.462of2013.
EditorialNotes:
E14
asperart.2;substitutedasperFnoteabove.
Paymentofcomposition.
(New)
40.(1)Anycompositionshallbepayable
(a)incash,withinonemonthfromtheapproval
bytheCourtoftheofferofcompositionor
withinsuchfurthertimeastheCourtmay
allow,or
(b)byinstalments,allofwhichshallbesecured
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tothesatisfactionofthecreditors,or
(c)partlyincashandpartlybyinstalments
payableorsecuredasaforesaid.
(2)Innocaseshallanyinstalmentbesecuredbya
bill,noteorothersecuritysignedbyorenforceable
againstthebankruptalone.
(3)TheCourtshallhavediscretiontorefuseto
approveofanofferpayablewhollyorpartlyby
instalmentsifthefinalinstalmentisnotpayable
withintwoyears.
Dischargeofadjudicationorder.
(New)
41.TheCourt,ontheapplicationofthebankrupt
orhispersonalrepresentatives,shall,onthereportof
theOfficialAssigneeandintheabsenceoffraud,
dischargetheadjudicationorder
(a)inthecaseofacompositionpayableincash,
uponlodgmentwiththeOfficialAssignee
ofthenecessaryamounttopaythe
composition,expenses,fees,costs,such
furthersumsastheCourtmaydirectand
thepreferentialpayments;
(b)inthecaseofacompositionpayableby
instalmentswhicharesecuredtothe
satisfactionofthecreditors,upon
lodgmentwiththeOfficialAssigneeofthe
completedbills,notesorothersecurities,
thenecessaryamounttopayexpenses,
fees,costs,suchfurthersumsastheCourt
maydirectandthepreferentialpayments;
(c)inthecaseofacompositionpayablepartlyin
cashandpartlybyinstalmentswhichare
securedtothesatisfactionofthecreditors,
uponlodgmentwiththeOfficialAssignee
ofthecompletedbills,notesorother
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securities,thenecessaryamounttopay
thecashcomposition,expenses,fees,
costs,suchfurthersumsastheCourtmay
directandthepreferentialpayments.
BankruptDyingafterAdjudication
Bankruptdyingafteradjudication.
(1857,s.137)
42.IfabankruptdiestheCourtmayproceedin
thebankruptcyasifhewereliving.
SubsequentBankruptcy
Subsequentbankruptcy.
(New)
43.(1)Whereabankruptisagainadjudicated,all
afteracquiredpropertyunclaimedbytheOfficial
Assigneeatthedateofthesubsequentbankruptcy
shall,ifclaimedbytheOfficialAssignee,vestinhim
forthecreditofthesubsequentbankruptcy.
(2)Anyafteracquiredpropertyortheproceeds
thereofinthepossessionoftheOfficialAssigneeat
thedateofthesubsequentbankruptcyshallbe
transferredbytheOfficialAssignee(afterdeducting
hiscostsandexpenses)tothecreditofthe
subsequentbankruptcy.
(3)Anysurplusarisingonthesubsequent
bankruptcyshallbetransferredtothecreditofthe
formerbankruptcy.
PARTIII
ADMINISTRATIONOFPROPERTY
EffectofAdjudicationonBankrupt'sProperty
VestingofpropertyinOfficialAssignee.
(1857,ss.267,268,273)
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44.(1)Whereapersonisadjudicatedbankrupt,
then,subjecttotheprovisionsofthisAct,allproperty
belongingtothatpersonshallonthedateof
adjudicationvestintheOfficialAssigneeforthe
benefitofthecreditorsofthebankrupt.
(2)SubjecttotheprovisionsofthisAct,thetitleof
theOfficialAssigneetoanypropertywhichvestsin
himbyvirtueofsubsection(1)shallnotcommenceat
anydateearlierthanthedateofadjudication.
(3)Thepropertytowhichsubsection(1)applies
includes
(a)allpowersvestedinthebankruptwhichhe
mightlegallyexerciseinrelationtoany
propertyimmediatelybeforethedateof
adjudication;
(b)allpropertywhichwasthesubjectofany
conveyanceortransferwhichsections57,
58and59declarevoidasagainstthe
OfficialAssignee,subjecttotherightsof
anypersonswhicharepreservedbythose
sections.
(4)Thepropertytowhichsubsection(1)applies
doesnotinclude
(a)propertyheldbythebankruptintrustforany
otherperson,or
(b)anysumwhichvestsintheOfficialAssignee
underF20[section52(1)oftheProperty
Services(Regulation)Act2011],orsection
30(i)oftheCentralBankAct,1971.
(5)Withoutprejudicetoanyexistingprincipleor
ruleoflaworequity,establishedpracticeor
procedureinrelationtodamagesorcompensation
recoveredorrecoverablebyabankruptforpersonal
injuryorlosssufferedbyhim,propertywhichis
acquiredbyordevolvesonabankruptbeforethe
dischargeorannulmentoftheadjudicationorder(in
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thisActcalledafteracquiredproperty)shallvestin
theOfficialAssigneeifandwhenheclaimsit.
Annotations:
Amendments:
F20
Substituted(6.07.2012)byPropertyServices(Regulation)
Act2011(40/2011),s.101andsch.8,S.I.No.198of2012.
F21[PensionsinBankruptcy.
44A. (1) Subject to subsection (2), where a
person is adjudicated bankrupt, and he or she is, or
may become entitled to, payments under a relevant
pension arrangement, assets relating to the
arrangement (other than payments already received
bythebankrupt,orthatthebankruptwasentitledto
receive,underthearrangement)shallnotvestinthe
OfficialAssigneeforthebenefitofthecreditorsofthe
bankrupt.
(2) Where a bankrupt has an interest in or
entitlement under a relevant pension arrangement
which would, if the bankrupt performed an act or
exercised an option, cause that debtor to receive
from or at the request of the person administering
thatrelevantpensionarrangement
(a)anincome,or
(b)anamountofmoneyotherthanincome,
in accordance with the relevant provisions of the
TaxesConsolidationAct1997, that bankrupt shall be
considered as being in receipt of such income, and
such amount of money shall vest in the Official
Assigneeorthetrusteeinbankruptcy.
(3)Subsection(2)applieswhere
(a)the bankrupt is entitled at the date of being
adjudicatedabankrupttoperformtheact
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or exercise the option referred to in

subsection(2),
(b) was entitled at any time before the date of
the adjudication, to perform the act or
exercise the option referred to in
subsection(2),buthadnotperformedthe
actorexercisedtheoption,or
(c) will become entitled within 5 years of the
dateoftheadjudicationtoperformtheact
or exercise the option referred to in
subsection(2).
(4) Where subsection (2) applies, the Official
Assigneeorthetrusteeinbankruptcymaywhere he
or she considers that it would be beneficial to the
creditorsofthebankrupttodoso,performanactor
exercise an option referred to in subsection (2) in
placeofthebankrupt.
(5) In this section and in sections 44B and 85D a
referencetoarelevantpensionarrangementmeans:
(a) a retirement benefits scheme, within the
meaning of section 771 of the Taxes
ConsolidationAct1997,forthetimebeing
approved by the Revenue Commissioners
forthepurposesofChapter1ofPart30of
thatAct;
(b)anannuitycontractoratrustschemeorpart
of a trust scheme for the time being
approved by the Revenue Commissioners
under section 784 of the Taxes
ConsolidationAct1997;
(c) a PRSA contract, within the meaning of
section 787A of the Taxes Consolidation
Act 1997, in respect of a PRSA product,
withinthemeaningofthatsection;
(d)aqualifyingoverseaspensionplanwithinthe
meaning of section 787M of the Taxes
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ConsolidationAct1997;
(e) a public service pension scheme within the
meaningofsection1ofthePublicService
Superannuation
(Miscellaneous
Provisions)Act2004;
(f) a statutory scheme, within the meaning of
section 770(1) of the Taxes Consolidation
Act 1997, other than a public service
pension scheme referred to in paragraph
(e);
(g) such other pension arrangement as may be
prescribed by the Minister, following
consultation with the Ministers for
Finance, Social Protection and Public
ExpenditureandReform.]
Annotations:
Amendments:
F21
(44/2012),s.150,S.I.No.462of2013.
F22[Excessivepensioncontributionsbybankrupt.
44B. (1) Where, on application by the Official
Assignee or the trustee in bankruptcy, the Court is
satisfiedthatthebankrupt,orapersononhisorher
behalf, has within the 3 years prior to the
adjudication made contributions to a relevant
pensionarrangementunderwhichthebankruptis,or
may become entitled to, payments and which
contributions
(a) were excessive in view of the bankrupts
financial circumstances when those
contributionsweremade,and
(b)hadtheeffectof
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(i)
materially contributing to the

bankrupts inability to pay his or her
debts,or
(ii) substantially reducing the sum

available for distribution to the
creditors,
the Court may make such order in relation to the
relevant pension arrangement as it considers
appropriate for the purpose of ensuring that the
contributions which the Court considers to be
excessive or any part of such contributions can be
vested in the Official Assignee or the trustee in
bankruptcy to be made available for distribution to
thecreditors.
(2) In considering an application under subsection
(1) and in determining whether or not the
contributions made by the bankrupt to a relevant
pension arrangement were excessive the Court may
have regard to all the financial circumstances of the
bankruptandinparticular:
(a)whetherthebankruptmadepaymentstohis
orhercreditorsinrespectofdebtsdueto
those creditors on a timely basis at or
about the time when the bankrupt made
thecontributionconcerned;
(b) whether the bankrupt was obliged to make
contributionsoftheamountorpercentage
ofincomeasthepaymentsactuallymade
under his or her terms and conditions of
employment and if so obliged, whether
thebankruptorapersonwhoasrespects
the bankrupt is a relative could have
materially influenced the creation of such
obligation;
(c) the amount of the contributions paid,
including the percentage of total income
ofthebankruptineachtaxyearconcerned
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whichsuchcontributionsrepresent;
(d)theamountofthecontributionspaid,ineach
of the 6 years prior to the making of the
adjudication including the percentage of
total income of the bankrupt which such
contributions represent in each of those
years;
(e)theageofthebankruptattherelevanttimes;
(f) the percentage limits which applied to the
bankruptinrelationtorelieffromincome
tax for the purposes of making
contributions to a relevant pension
arrangement in each of the 6 years prior
totheadjudication;and
(g)theextentofprovisionmadebythebankrupt
in relation to any relevant pension
arrangement prior to the making of the
contributionsconcerned.
(3) In this section relative as respects a person,
means a brother, sister, parent, spouse or civil
partner of the person or a child of the person or of
thespouseorcivilpartner.]
Annotations:
Amendments:
F22
(44/2012),s.150,S.I.No.462of2013.
Exceptedarticles.
(1857,ss.298,299)
45.(1)Abankruptshallbeentitledtoretain,as
exceptedarticles,sucharticlesofclothing,household
furniture,bedding,toolsorequipmentofhistradeor
occupationorotherlikenecessariesforhimself,his
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F23[spouseorcivilpartnerwithinthemeaningofthe
CivilPartnershipandCertainRightsandObligationsof
CohabitantsAct2010],childrenanddependent
relativesresidingwithhim,ashemayselect,not
exceedinginvalueF24[6,000]orsuchfurther
amountastheCourtonanapplicationbythe
bankruptmayallow.
(2)Whereabankrupt,afterselectingtheitems
constitutingtheexceptedarticles,requeststhe
OfficialAssignee,inwriting,nottodisposeofthe
remainderofanysucharticlesasarereferredtoin
subsection(1)theOfficialAssigneeshallnotdispose
thereofexceptinaccordancewithanorderofthe
Court.
(3)TheCourtmay,ontheapplicationofthe
bankruptortheOfficialAssignee,inrelationtothe
remainderofsucharticles
(a)postponetheremovalandsalethereof;
(b)permitthemtoremainintheuseofthe
bankrupt;
(c)atanytime,orderthemtobetakenbyoron
behalfoftheOfficialAssigneeandtobe
soldforthebenefitofthecreditors.
Annotations:
Amendments:
F23
Substituted(1.01.2011)byCivilPartnershipandCertain
RightsandObligationsofCohabitantsAct2010(24/2010),
s.170andsch.part5item8,S.I.No.648of2010.
F24
(44/2012),s.151,S.I.No.462of2013.
EditorialNotes:
E15
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asperart.2;amendedasperFnoteabove.
CertificateofvestingofpropertyinOfficialAssignee.
(cf.1857,s.269)
46.(1)Where,accordingtolaw,anyconveyance
oflandisrequiredtoberegisteredandsuchland
vestsintheOfficialAssigneeunderthisPart,a
certificateunderthesealoftheCourtshallbeissued
tohimasevidenceofthevestingandheshallcause
thecertificatetoberegisteredassoonasmaybeasif
itwereaconveyance,andregistrationofthe
certificateshallhavethelikeeffecttoallintentsand
purposesasregistrationofaconveyancewouldhave
had.
(2)Thetitleofanypurchaserofanysuchlandfor
valuableconsideration,ingoodfaithandwithout
noticeoftheadjudication,whohaddulyregistered
theconveyancebeforetheregistrationofthe
certificateshallnotbeinvalidatedbyreasonofthe
adjudicationunlessthecertificateisregisteredwithin
twomonthsafterthedateoftheadjudication.
VestinginOfficialAssigneeofcertainmoneyand
securities.
(New)
47.Notwithstandinganyprovisioninanyother
enactment
(a)moneyinthePostOfficeSavingsBankorina
trusteesavingsbanktowhichabankrupt
isentitled,or
(b)securitiesissuedthroughAnPostbythe
MinisterforFinanceunderhisstatutory
borrowingpowersandtowhicha
bankruptisentitled,
shall,ontheadjudicationofthebankrupt,vestinthe
OfficialAssigneeinthesamemannerasanyother
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property.
LimitationofOfficialAssignee'spowersinrelationto
copyright.
(New)
48.Wherethepropertyofabankruptcomprises
thecopyrightinanyworkoranyinterestinsuch
copyrightandheisliabletopaytotheauthor
royaltiesorashareoftheprofitsinrespectthereof
(a)theOfficialAssigneeshallnotbeentitledto
sellorauthorisethesaleofanycopiesof
thework,ortoperformorauthorisethe
performanceofthework,exceptonthe
termsofpayingtotheauthorsuchsums
bywayofroyaltyorshareoftheprofitsas
wouldhavebeenpayablebythebankrupt,
and
(b)heshallnotbeentitledtoassigntherightor
transfertheinterestortograntany
interestintherightbylicence,exceptwith
theconsentoftheauthororoftheCourt
andupontermswhichwillsecuretothe
authorpaymentsbywayofroyaltyor
shareoftheprofitsataratenotlessthan
thatwhichthebankruptwasliabletopay.
Restrictiveclauseinagreementorlease.
(New)
49.(1)Everycovenantorprovisionforforfeiture
ofaleaseonthebankruptcyofthelesseeshallbe
voidasagainsttheOfficialAssignee.
(2)Aclauseinahirepurchaseagreementwhich
purportstoterminatetheagreementonthe
bankruptcyofthehirershallbevoidasagainstthe
OfficialAssignee.
Executionagainstdebtor'spropertybefore
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adjudication.
(cf.1872,s.54)
50.(1)WheregoodsF25[]belongingtoadebtor
havebeenseizedunderanexecutionorderandsold,
orwheremoneyhasbeenpaidinpartorfull
satisfactionoftheexecutioneithertothesheriffor
countyregistrarortotheexecutioncreditorinorder
toavoidseizureorsaleundersuchexecution,the
sheriff,countyregistrarorexecutioncreditorshall
retaintheproceedsofsaleorthemoneysopaid,fora
periodoftwentyonedays.
(2)Ifwithinthatperiodthesheriff,countyregistrar
orexecutioncreditorreceivesnoticeofthe
adjudicationofthedebtor,heshallsurrenderthe
property,orpayovertheproceedsofsalethereofor
anymoneypaidinsatisfactionoftheexecution,to
theOfficialAssigneewhoshallbeentitledtoretain
theproperty,proceedsormoney,asthecasemaybe,
asagainsttheexecutioncreditor.
(3)Anexecutionleviedbyseizureofanysuch
propertybelongingtothedebtorshallnotbeinvalid
byreasononlyofitsbeinganactofbankruptcyanda
personwhopurchasesthepropertyingoodfaith
underasalebythesherifforcountyregistrarshall,as
againsttheOfficialAssignee,acquireagoodtitle
thereto.
(4)Whereasherifforcountyregistrar,without
noticeoftheadjudicationofthedebtor,paysthe
proceedsofsaleorothermoneyretainedbyhim
pursuanttosubsection(1)totheexecutioncreditor
aftertheexpirationoftwentyonedays,heshallnot
beliabletotheOfficialAssigneeinrespectofthe
payment.
(5)Wherepropertyissurrenderedorproceedsof
saleorothermoneypaidovertotheOfficialAssignee,
thecostsoftheexecutionshallbeafirstcharge
thereonandtheOfficialAssigneemaysellthewhole
orpartofthepropertyforthepurposeofsatisfying
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thecharge.
Annotations:
Amendments:
F25
Deleted(1.12.2009)byLandandConveyancingLawReform
Act2009(27/2009),s.8(1)andsch.1,S.I.No.356of2009.
Priorityofjudgmentmortgage.
(1857,s.331)
51.F26[(1)Ajudgmentcreditorwhoregistersa
judgmentmortgageundersection116oftheLand
andConveyancingLawReformAct2009shallnot,by
reasonofsuchregistration,beentitledtoanypriority
orpreferenceoversimplecontractcreditorsinthe
eventofthepersonagainstwhomsuchjudgment
mortgageisregisteredbeingadjudicatedbankrupt,
unlessthejudgmentmortgageisregisteredatleast
threemonthsbeforethedateoftheadjudication.]
(2)F27[]
Annotations:
Amendments:
F26
Substituted(1.12.2009)byLandandConveyancingLaw
ReformAct2009(27/2009),s.8(1)andsch.1,S.I.No.356
of2009.
F27
Repealed(1.06.2015)byCompaniesAct2014(38/2014),s.
4(1)andsch.2part1,S.I.No.169of2015).
C17
Referencestothedateofadjudicationconstrued
(1.06.2015)byCompaniesAct2014(38/2014),s.613(3),S.I.
No.169of2015.
Applicationofbankruptcyrulesinwindingupofinsolvent
companies
619....
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(3)Subsection(1)ofsection51oftheBankruptcyAct
1988shallapplyinthewindingupofaninsolventcompany
and,accordingly,thereferenceinthatsubsectiontothe
dateofadjudicationshallbereadas
(a)subjecttoparagraph(b),areferenceto,asthe
casemaybe
(i)thepresentationofapetitionforthewinding
upofthecompanybythecourt,or
(ii)thepassingofaresolutionforvoluntary
windingup,
and
(b)where,beforethepresentationofapetitionfor
thewindingupofthecompanybythecourt,a
resolutionhasbeenpassedbythecompanyfor
voluntarywindingup,areferencetothepassing
oftheresolution.
...
Ordertoputpurchaserinpossession.
(1872,s.75)
52.Wherelandbelongingtoabankruptor
arrangingdebtorhasbeensoldundertheprovisions
ofthisActorbyorunderthedirectionoftheCourt,
theCourtmay,ontheapplicationofthepurchaser,
issueanorderdirectingtheappropriatesheriffor
countyregistrartoputthepurchaserintopossession
ofallthelandnotintheoccupationoflessees,under
lesseesortenants,subjecttowhoseintereststhesale
hasbeenmadeandwhohaveattornedtothe
purchaserwithinatimetobelimitedintheorder,
andtheordershallbeexecutedinlikemannerasan
orderforthedeliveryofpossession.
Permissiontomortgageetobidatsale.
(1857,s.316)
53.Themortgageeofanypropertyofabankrupt
orarrangingdebtormay,withtheleaveoftheCourt,
bidandpurchaseatthesaleoftheproperty.
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Dischargeofpersonsdeliveringproperty,etc.,to
OfficialAssignee.
(cf.1857,s.281)
54.Aperson
(a)fromwhomtheOfficialAssigneerecoversany
propertyofabankrupt,or
(b)who,withoutlegalproceedings,ingoodfaith
deliversuptotheOfficialAssignee
possessionofanysuchproperty,or
(c)whopaysanydebtowedtoabankruptand
claimedbytheOfficialAssignee,
shall,notwithstandingthattheadjudicationis
subsequentlyannulledordischarged,bereleased
fromallclaimsbythebankruptinrespectofsuch
propertyordebt.
Titletopropertysoldnottobeinvalidated.
(1857,s.323)
55.Thetitletoanypropertysoldinbankruptcy
shallnotbeinvalidatedbythebankruptoranyperson
claimingunderhimbyreasononlyofanydefectin
anyproceedingsunderthisAct.
Disclaimerofonerousproperty.
(1872,ss.97and98;33/1963,s.290)
56.(1)Subjecttosubsections(2)and(5),where
anyoftheproperty(otherthanafteracquired
property)ofabankruptconsistsoflandofanytenure
burdenedwithonerouscovenants,ofsharesorstock
incompanies,ofunprofitablecontracts,orofany
otherpropertywhichisunsaleableornotreadily
saleablebyreasonofitsbindingthepossessor
thereoftotheperformanceofanyonerousactorto
thepaymentofanysumofmoney,theOfficial
Assignee,notwithstandingthathehasendeavoured
tosellorhastakenpossessionofthepropertyor
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exercisedanyactofownershipinrelationthereto,
may,withtheleaveoftheCourtandsubjecttothe
provisionsofthissection,bywritingsignedbyhim,at
anytimewithintwelvemonthsafterthedateof
adjudicationorsuchextendedperiodasmaybe
allowedbytheCourt,disclaimtheproperty.
(2)Whereanysuchpropertyasaforesaidhasnot
cometotheknowledgeoftheOfficialAssigneewithin
onemonthafterthedateoftheadjudication,the
powerunderthissectionofdisclaimingtheproperty
maybeexercisedatanytimewithintwelvemonths
afterhehasbecomeawarethereoforsuchextended
periodasmaybeallowedbytheCourt.
(3)Thedisclaimershalloperatetodetermine,as
fromthedateofdisclaimer,therights,interestsand
liabilitiesofthebankruptandhispropertyinorin
respectofthepropertydisclaimed,andshallalso
dischargetheOfficialAssigneefromallpersonal
liabilityinrespectofthepropertydisclaimedasfrom
thedatewhenthepropertyvestedinhim,butshall
not,exceptsofarasisnecessaryforthepurposeof
releasingthebankruptandhispropertyandthe
OfficialAssigneefromliability,affecttherightsor
liabilitiesofanyotherperson.
(4)TheCourt,beforeorongrantingleaveto
disclaim,mayrequiretheOfficialAssigneetogive
suchnoticestopersonsinterestedandimposesuch
termsasaconditionofgrantingleave,andmakesuch
otherorderinthematterastheCourtthinksjust.
(5)TheOfficialAssigneeshallnotbeentitledto
disclaimanypropertyunderthissectioninanycase
whereanapplicationinwritinghasbeenmadetohim
byanypersonsinterestedinthepropertyrequiring
himtodecidewhetherhewillorwillnotdisclaim,and
theOfficialAssigneehasnot,withinaperiodof
twentyeightdaysafterthereceiptoftheapplication
orsuchfurtherperiodasmaybeallowedbythe
Court,givennoticetotheapplicantthatheintendsto
applytotheCourtforleavetodisclaim;and,inthe
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caseofacontract,iftheOfficialAssignee,aftersuch
applicationasaforesaid,doesnotwithinthesaid
periodorextendedperioddisclaimthecontract,he
shallbedeemedtohaveadoptedit.
(6)TheCourtmay,ontheapplicationofanyperson
whois,asagainsttheOfficialAssignee,entitledtothe
benefitorsubjecttotheburdenofacontractmade
withthebankrupt,makeanorderrescindingthe
contractonsuchtermsastopaymentbyortoeither
partyofdamagesforthenonperformanceofthe
contract,orotherwiseastheCourtthinksjust,and
anydamagespayableundertheordertoanysuch
personshallbedeemedtobeadebtprovedand
admittedinthebankruptcy.
(7)Subjecttosubsection(8),theCourtmay,onan
applicationbyanypersonwhoeitherclaimsany
interestinanydisclaimedpropertyorisunderany
liabilitynotdischargedbythisActinrespectofany
disclaimedpropertyandonhearinganysuchpersons
asitthinksfit,makeanorderforthevestingofthe
propertyinorthedeliveryofthepropertytoany
personentitledthereto,ortowhomitmayseemjust
thatthepropertyshouldbedeliveredbywayof
compensationforsuchliabilityasaforesaid,ora
trusteeforhim,andonsuchtermsastheCourtmay
thinkjust,andonanysuchvestingorderbeingmade,
thepropertycomprisedthereinshallvestaccordingly
inthepersonthereinnamedinthatbehalfwithout
anyconveyanceorassignmentforthepurpose.
(8)Wherethepropertydisclaimedisofaleasehold
nature,theCourtshallnotmakeavestingorderin
favourofanypersonclaimingunderthebankrupt,
whetherasunderlesseeorasmortgageebydemise,
exceptuponthetermsofmakingthatperson
(a)subjecttothesameliabilitiesandobligations
asthosetowhichthebankruptwas
subjectundertheleaseinrespectofthe
propertyatthedateoftheadjudication;
or
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(b)iftheCourtthinksfit,subjectonlytothe
sameliabilitiesandobligationsasifthe
leasehadbeenassignedtothatpersonat
thatdate;
andineitherevent(ifthecasesorequires),asifthe
leasehadcomprisedonlythepropertycomprisedin
thevestingorder,andanymortgageeorunderlessee
decliningtoacceptavestingorderuponsuchterms
shallbeexcludedfromallinterestinandsecurity
uponthepropertyand,ifthereisnopersonclaiming
underthebankruptwhoiswillingtoacceptanorder
uponsuchterms,theCourtshallhavepowertovest
theestateandinterestofthebankruptinthe
propertyinanypersonliableeitherpersonallyorina
representativecharacter,andeitheraloneorjointly
withthebankrupt,toperformthelessee'scovenants
inthelease,freedanddischargedfromallestates,
encumbrancesandinterestscreatedthereinbythe
bankrupt.
(9)Anypersondamagedbytheoperationofa
disclaimerunderthissectionshallbedeemedtobea
creditorofthebankrupttotheamountofthe
damages,andmayaccordinglyprovetheamountasa
debtinthebankruptcy.
FraudulentandVoluntaryConveyances
Avoidanceoffraudulentpreferences.
(1872,s.53;33/1963,sch.11,para.1.)
57.(1)Everyconveyanceortransferofproperty
orchargemadethereon,everypaymentmade,every
obligationincurredandeveryjudicialproceeding
takenorsufferedbyanypersonunabletopayhis
debtsastheybecomeduefromhisownmoneyin
favourofanycreditororofanypersonintrustforany
creditor,withaviewtogivingsuchcreditor,orany
suretyorguarantorforthedebtduetosuchcreditor,
apreferenceovertheothercreditors,shall,F28[ifthe
personmaking,incurring,takingorsufferingthesame
isadjudicatedbankruptwithinF29[3years]afterthe
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dateofthemaking],incurring,takingorsufferingthe
same,bedeemedfraudulentandvoidasagainstthe
OfficialAssignee;butthissectionshallnotaffectthe
rightsofanypersonmakingtitleingoodfaithandfor
valuableconsiderationthroughorunderacreditorof
thebankrupt.
(2)(a)Whereapersonisadjudicatedbankruptand
anythingmadeordoneisvoidunder
subsection(1)orwasvoidunderthe
correspondingprovisionsofthelawin
forceimmediatelybeforethe
commencementofthisActasafraudulent
preferenceofapersoninterestedin
propertymortgagedorchargedtosecure
thebankrupt'sdebt,then(without
prejudicetoanyrightsorliabilitiesarising
apartfromthissection)theperson
preferredshallbesubjecttothesame
liabilitiesandshallhavethesamerightsas
ifhehadundertakentobepersonally
liableassuretyforthedebttotheextent
ofthechargeonthepropertyorthevalue
ofhisinterest,whicheveristheless.
(b)Thevalueofthesaidperson'sinterestshall
bedeterminedasatthedateofthe
transactionconstitutingthefraudulent
preference,andshallbedeterminedasif
theinterestwerefreeofallencumbrances
otherthanthosetowhichthechargefor
thebankrupt'sdebtwasthensubject.
(c)OnanyapplicationmadetotheCourtin
relationtoanypaymentontheground
thatthepaymentwasafraudulent
preferenceofasuretyorguarantor,the
Courtshallhavejurisdictiontodetermine
anyquestionsrelatingtothepayment
arisingbetweenthepersontowhomthe
paymentwasmadeandthesuretyor
guarantor,andtograntreliefinrespect
thereofnotwithstandingthatitisnot
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necessarysotodoforthepurposesofthe
bankruptcy,andforthatpurposemaygive
leavetobringinthesuretyorguarantoras
athirdpartyasinthecaseofanactionfor
therecoveryofthesumpaid.
(d)Paragraph(c)shallapply,withthenecessary
modifications,inrelationtotransactions
otherthanthepaymentofmoneyasit
appliestopayments.
Annotations:
Amendments:
F28
Provisions)Act2011(23/2011),s.30(c),commencedon
enactment.
F29
(44/2012),s.152,S.I.No.462of2013.
C18
Applicationofsectionrestricted(1.09.2008)byCriminal
Justice(MutualAssistance)Act2008(7/2008),s.40(3)(a),
S.I.No.338of2008.
40....
thegiftwasmadeissubjecttoafreezingco
operationorder,and
freezingcooperationordershalltakeinto
wasmade.
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...
Avoidanceofcertaintransactions.
(New)
58.(1)F30[IfwithinF31[3years]]beforeheis
adjudicatedbankruptadebtorcommitsanactof
bankruptcyandthereaftereithersellsanyofhis
propertyatapricewhich,intheopinionoftheCourt,
issubstantiallybelowitsmarketvalueorentersinto
orisapartytoanyothertransactionwhich,inthe
opinionoftheCourt,hastheeffectofsubstantially
reducingthesumavailablefordistributiontothe
creditors,suchtransactionshallbevoidasagainstthe
OfficialAssignee,unlessthetransactionwasbonafide
enteredintoandtheotherpartyhadnotatthetime
ofthetransactionnoticeofanyprioractof
bankruptcycommittedbythebankrupt.
(2)Subsection(1)shallnotaffecttherightsofany
personmakingtitleingoodfaithandforvaluable
considerationthroughorunderaperson(otherthan
thebankrupt)whoispartytoatransaction
mentionedtherein.
(3)Subsection(1)shallnotapplytoanytransaction
mentionedinsection57(1)or59.
Annotations:
Amendments:
F30
Provisions)Act2011(23/2011),s.30(d),commencedon
enactment.
F31
(44/2012),s.153,S.I.No.462of2013.
C19
S.I.No.338of2008.
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40....
operationorder,and
wasmade.
...
Avoidanceofcertainsettlements.
(1857,s.314;1872,s.52)
59.(1)Anysettlementofproperty,notbeinga
settlementmadebeforeandinconsiderationof
marriageF32[orcivilpartnershipwithinthemeaning
oftheCivilPartnershipandCertainRightsand
ObligationsofCohabitantsAct2010],ormadein
favourofapurchaserorincumbranceringoodfaith
andforvaluableconsideration,shall
(a)ifthesettlorisadjudicatedbankruptwithin
F33[3years]afterthedateofthe
settlement,bevoidasagainsttheOfficial
Assignee,and
(b)ifthesettlorisadjudicatedbankruptatany
subsequenttimewithinfiveyearsafterthe
dateofthesettlement,bevoidasagainst
theOfficialAssigneeunlesstheparties
claimingunderthesettlementprovethat
thesettlorwas,atthetimeofmakingthe
settlement,abletopayallhisdebts
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withouttheaidofthepropertycomprised
inthesettlementandthattheinterestof
thesettlorinsuchpropertypassedtothe
trusteeofsuchsettlementonthe
executionthereof.
(2)Acovenantorcontractmadebyanyperson(in
thissectioncalledthesettlor)inconsiderationofhis
orhermarriage,eitherforthefuturepaymentof
moneyforthebenefitofthesettlor'sspouseor
children,orforthefuturesettlement,onorforthe
settlor'sspouseorchildren,ofpropertywhereinthe
settlorhadnotatthedateofthemarriageanyestate
orinterest,whethervestedorcontingent,in
possessionorremainder,shall,ifthesettloris
adjudicatedbankruptandthecovenantorcontract
hasnotbeenexecutedatthedateofthe
adjudication,bevoidasagainsttheOfficialAssignee,
exceptsofarasitenablesthepersonsentitledunder
thecovenantorcontracttoclaimfordividendinthe
settlor'sbankruptcyunderorinrespectofthe
covenantorcontract,butanysuchclaimtodividend
shallbepostponeduntilalltheclaimsoftheother
creditorsforvaluableconsiderationinmoneyor
money'sworthhavebeensatisfied.
F32[(2A)Acovenantorcontractmadebyany
person(inthissectioncalledthesettlor)in
considerationofhisorherentryintocivilpartnership
withinthemeaningoftheCivilPartnershipand
CertainRightsandObligationsofCohabitantsAct
2010,eitherforthefuturepaymentofmoneyforthe
benefitofthesettlorscivilpartner,orforthefuture
settlement,onorforthesettlorscivilpartner,of
propertywhereinthesettlorhadnotatthedateof
theregistrationofthecivilpartnershipanyestateor
interest,whethervestedorcontingent,inpossession
orremainder,shall,ifthesettlorisadjudicated
bankruptandthecovenantorcontracthasnotbeen
executedatthedateoftheadjudication,bevoidas
againsttheOfficialAssignee,exceptsofarasit
enablesthecivilpartnerentitledunderthecovenant
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orcontracttoclaimfordividendinthesettlors
bankruptcyunderorinrespectofthecovenantor
contract,butanysuchclaimtodividendshallbe
postponeduntilalltheclaimsoftheothercreditors
forvaluableconsiderationinmoneyormoneys
worthhavebeensatisfied.]
(3)Anypaymentofmoney(notbeingpaymentof
premiumsonapolicyoflifeassurance)orany
transferofpropertymadebythesettlorinpursuance
ofacovenantorcontracttowhichsubsection(2)
appliesshallbevoidasagainsttheOfficialAssigneein
thesettlor'sbankruptcy,unlessthepersonstowhom
thepaymentortransferwasmadeprovethat:
(a)thepaymentortransferwasmademorethan
F33[3years]beforethedateofthe
adjudicationofthesettlor,or
(b)atthedateofthepaymentortransfer,the
settlorwasabletopayallhisdebts
withouttheaidofthemoneysopaidor
thepropertysotransferred,or
(c)thepaymentortransferwasmadein
pursuanceofacovenantorcontracttopay
ortransfermoneyorpropertyexpectedto
cometothesettlorfromoronthedeath
ofaparticularpersonnamedinthe
covenantorcontract,andwasmade
withinthreemonthsafterthemoneyor
propertycameintothepossessionor
underthecontrolofthesettlor;
but,intheeventofanysuchpaymentortransfer
beingdeclaredvoid,thepersonstowhomitwas
madeshallbeentitledtoclaimfordividendunderor
inrespectofthecovenantorcontractinlikemanner
asifithadnotbeenexecutedatthedateofthe
adjudication.
(4)Inthissectionsettlementincludesany
conveyanceortransferofproperty.
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Annotations:
Amendments:
F32
Inserted(1.01.2011)byCivilPartnershipandCertainRights
andObligationsofCohabitantsAct2010(24/2011),s.170
andsch.part5item9,S.I.No.648of2010.
F33
(44/2012),s.154,S.I.No.462of2013.
C20
S.I.No.338of2008.
40....
operationorder,and
wasmade.
...
ManagementProvisions
F34[TheOfficialAssignee
60. (1) The Official Assignee shall have such
functionsasareassignedtohimbyorunderthisAct
or any other enactment, and subject to this section,
sections 60A to 60C and the Personal Insolvency Act
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2012,suchpowersandfunctionsaswereheretofore
exercisable by the Official Assignee in Bankruptcy
continuetobeexercisablebytheOfficialAssignee.
(2) The Official Assignee shall be a member of the
staffoftheInsolvencyService.
(3) Subject to subsections (4) to (6), the Official
Assigneeshallbeindependentintheperformanceof
hisfunctionsunderthisActandanyotherenactment.
(4)TheOfficialAssigneeshall,inrelationtomatters
of general administration, be subject to the general
directionoftheDirector.
(5) The Official Assignee, when performing any
functionrelatingtothebusinessofacourt,oracting
under or pursuant to an order of a court, shall
observeandobeysuchdirectionsasaregiventohim
bythecourt.
(6) The Official Assignee shall be an officer of the
court for the purposes of the performance of his
functionsunderthisActoranyotherenactment.
(7)Subjecttosections60Band60C,subsections(3)
to (6) shall apply to a member of the staff of the
InsolvencyService
(a) to whom functions of the Official Assignee
havebeendelegatedundersection60B,as
respectsthosefunctions,or
(b) who is designated under section 60C, as
respectsthosefunctions,
for so long as the delegation or designation
remainsinforceandisexercisablebythememberof
staffconcerned.
(8) The Official Assignee shall not, without the
approval of the Director, hold any other office or
positioninrespectofwhichremunerationispayable,
orcarryonanybusiness,tradeorprofession.
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(9) In this section and sections 60A to 60C a

referencetoanenactmentmeans
(a)anActoftheOireachtas,
(b)astatutethatwasinforceinSaorsttireann
immediatelybeforethedateofthecoming
intooperationoftheConstitutionandthat
continuesinforcebyvirtueofArticle50of
theConstitution,or
(c)aninstrumentmadeunder
(i)anActoftheOireachtas,or
(ii)astatutereferredtoinparagraph(b).]
Annotations:
Amendments:
F34
No.462of2013.
F35[OfficeofOfficialAssigneeTransferofstaff
60A.(1)Thissectionappliesto
(a) the person who immediately before the
comingintooperationofthissectionheld
the office of Official Assignee in
Bankruptcy (otherwise referred to as the
OfficialAssignee),and
(b) every person who immediately before the
comingintooperationofthissectionwasa
memberofthestaffoftheCourtsService
assigned to the Office of the Official
AssigneeinBankruptcy.
(2) On the coming into operation of this section
every member of the staff of the Courts Service to
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whom this section applies shall be seconded to the

InsolvencyServiceforaperiodof2years.
(3) On the expiry of the period of secondment
referred to in subsection (2) each person seconded
underthatsubsectionshall
(a) transfer definitively to the staff of the
InsolvencyService,or
(b) subject to subsection (4), exercise a right to
returntoasuitablevacancyonthestaffof
theCourtsService.
(4) If a person seconded under subsection (2)
exercisesarightundersubsection(3)(b)to return to
thestaffoftheCourtsServicebutnosuitablevacancy
on the staff of the Courts Service exists, the person
concerned shall be transferred to a suitable vacancy
inapublicservicebody.
(5)Apersonwho
(a)issecondedundersubsection(2),
(b) is transferred under subsection (3)(a) or
subsection(4),or
(c) returns to the Courts Service under
subsection(3)(b),
shall not, except in accordance with a collective
agreement negotiated with any recognised trade
unionorstaffassociationconcerned,receivealesser
scale of pay or less favourable superannuation
benefits than the scale of pay and superannuation
benefitstowhichhewasentitledimmediatelybefore
thesecondment,transferorreturnconcerned.
(6)Apersonsecondedundersubsection(2)shallbe
deemedtobeamemberofthestaffoftheInsolvency
Serviceduringtheperiodofthesecondment.
(7)Subjecttosubsection(3)(a)
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(a) the person who immediately before the

the office of Official Assignee in
Bankruptcy shall continue in office as
OfficialAssignee,and
(b) the person who immediately before the
the position of Bankruptcy Inspector shall
continue to hold the position of
BankruptcyInspector.
(8)Inthissection
(a) public service body has the meaning
assigned to it by section 5 of the Public
ServicePensions(SingleSchemeandOther
Provisions)Act2012;
(b) recognised trade union or staff association
means a trade union or staff association
recognised by the Minister for the
purposes of negotiations which are
concerned with the remuneration or
conditionsofemployment,ortheworking
conditionsofemployees.]
Annotations:
Amendments:
F35
F36[DelegationoffunctionsofOfficialAssignee
60B. (1) The Official Assignee may in writing
delegate to a specified member of the staff of the
InsolvencyService
(a)anyofhisfunctionsunderthisActinrelation
to a specific bankruptcy or arrangement
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matter,or
(b) any of his functions under any other
enactment.
(2) A delegation under subsection (1) shall be
subject to such conditions or limitations as to the
performanceofanyofthefunctionsdelegated,oras
to time or circumstance, as may be specified in the
delegation.
(3) The Official Assignee may in writing revoke or
varyadelegationmadeundersubsection(1).
(4) More than one delegation may be made and
haveeffectundersubsection(1)atanyonetime.
(5) Subject to subsection (2), a person to whom
functionsoftheOfficialAssigneehavebeendelegated
under subsection (1), shall, while the delegation
remains in force, have all the powers of the Official
Assigneeinrespectofthefunctionsdelegatedtohim
asfullyasifheheldthatoffice,andsuchpowersshall,
wherethedelegationsospecifies,includethepower
to sell, transfer or otherwise dispose of property or
assets in the name of and on behalf of the Official
Assignee.
(6)Nothinginthissectionshallaffectthevestingof
property in the Official Assignee in accordance with
section44.
(7)Inanylegalproceedings,acertificatethat
(a)issignedbytheOfficialAssignee,
(b) states that any function of the Official
Assignee in relation to a bankruptcy
matter was on a specified date delegated
to a specified member of staff of the
InsolvencyService,and
(c) states that the delegation of the function
remainedinforceonaspecifieddate,
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is,intheabsenceofevidencetothecontrary,proof
ofthemattersstatedinthecertificate.
(8) A certificate referred to in subsection (7) that
appears to be signed by the Official Assignee is
admissible in any proceedings as evidence of the
matters stated in the certificate without proof of his
signature.]
Annotations:
Amendments:
F36
F37[DeputyforOfficialAssignee
60C. (1) The Director may in writing designate a
member of the staff of the Insolvency Service to be
thedeputyfortheOfficialAssignee,andthemember
of staff so designated shall, during every temporary
absence and every temporary incapacity through
illnessoftheOfficialAssigneeandeveryoccasionon
which the office of the Official Assignee is vacant
occurring while such designation remains in force,
perform the functions assigned to the Official
Assignee under this Act or under any other
enactment.
(2) A designation under subsection (1) shall be
subjecttosuchconditionsorlimitationsastotimeor
circumstanceasmaybespecifiedinthedesignation.
(3)TheDirectormayinwritingatanytimerevoke
orvaryadesignationmadeundersubsection(1).
(4) Subject to subsection (2), a person designated
under subsection (1) shall, while he performs the
functionsoftheOfficialAssignee,haveallthepowers
of the Official Assignee as fully as if he held that
office, and such powers shall include the power to
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sell, transfer or otherwise dispose of property or

assets in the name of and on behalf of the Official
Assignee.
(5)Inanylegalproceedings,acertificatethat
(a)issignedbytheDirector,
(b)statesthataspecifiedmemberofstaffofthe
Insolvency Service was designated on a
specified date, in accordance with
subsection (1), to be the deputy for the
OfficialAssignee,and
(c)statesthatthedesignationremainedinforce
onaspecifieddate,
is,intheabsenceofevidencetothecontrary,proof
ofthemattersstatedinthecertificate.
(6) A certificate referred to in subsection (5) that
appearstobesignedbytheDirectoris admissible in
anyproceedingsasevidenceofthemattersstatedin
thecertificatewithoutproofofhissignature.]
Annotations:
Amendments:
F37
F38[TransferofrecordstoInsolvencyService
60D. All documents and records in the custody
andcontroloftheCourtsServicerelatingtotheOffice
of the Official Assignee in Bankruptcy immediately
beforethecomingintooperationofsection29ofthe
Courts and Civil Law (Miscellaneous Provisions) Act
2013 shall on the coming into operation of that
sectionbetransferredtotheInsolvencyService.]
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Annotations:
Amendments:
F38
FunctionsofOfficialAssigneeinbankruptcyand
vestingarrangements.
(New)
61.(1)Thissectionappliestoeverybankruptcy
matterandvestingarrangement.
(2)ThefunctionsoftheOfficialAssigneearetoget
inandrealisetheproperty,toascertainthedebtsand
liabilitiesandtodistributetheassetsinaccordance
withtheprovisionsofthisAct.
(3)IntheperformanceofhisfunctionstheOfficial
Assigneeshall,inparticular,havepower
(a)tosellthepropertybypublicauctionor
privatecontract,withpowertotransfer
thewholethereoftoanypersonortosell
thesameinlotsandforthepurposeof
sellinglandtocarryoutsuchsaleby
F39[]lease,subleaseorotherwiseand
tosellF39[]anyreversionexpectant
uponthedeterminationofanysuchlease,
(b)tomakeanycompromiseorarrangement
withcreditorsorpersonsclaimingtobe
creditorsorhavingorallegingthemselves
tohaveanyclaimpresentorfuture,
certainorcontingent,ascertainedor
soundingonlyindamageswherebythe
bankruptorarrangingdebtormaybe
renderedliable,
(c)tocompromisealldebtsandliabilities
capableofresultingindebtsandallclaims,
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presentorfuture,certainorcontingent,
ascertainedorsoundingonlyindamages,
subsistingorsupposedtosubsistbetween
thebankruptorarrangingdebtorandany
debtorandallquestionsinanyway
relatingtooraffectingtheassetsorthe
proceedingsonsuchtermsasmaybe
agreedandtakeanysecurityforthe
dischargeofanydebt,liabilityorclaim,
andgiveacompletedischargeinrespect
thereof,
(d)toinstitute,continueordefendany
proceedingsrelatingtotheproperty,
(e)toreferanydisputeconcerningtheproperty
toarbitrationunderthetermsofsection
11oftheArbitrationAct,1954,
(f)tomortgageorpledgeanypropertytoraise
anymoneyrequisite,
(g)totakeoutinhisofficialnamewithoutbeing
requiredtogivesecurity,lettersof
administrationtoanyestateonthe
administrationofwhichthebankruptor
arrangingdebtorwouldbenefit,
(h)toagreeasumforcostswheretheCourtso
directsorwhereheconsidersthatthe
amountwhichwouldbeallowedon
taxationwouldnotexceedF40[12,000],
(i)toagreethechargesofaccountants,
auctioneers,brokersandotherpersons,
(j)toascertainandcertifytotheCourtthe
amountdueinrespectofamortgagedebt
andthedueprioritythereofwithpowerto
theCourttovarysuchcertificate,
(k)todrawoutoftheaccountreferredtoin
section84(1)anysumnotexceeding
F41[130]bywayofindemnityinrespect
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ofcostsincurredbyhim.
F42[(3A)Inthecaseofanadjudicationin
bankruptcyunderArticle3(1)oftheInsolvency
Regulation,theOfficialAssigneeshallhavethe
powersconferredonaliquidatorinrelationtotaking
actioninmemberstatesundertheRegulation.]
(4)Notwithstandinganyprovisiontothecontrary
containedinsubsection(3),nodispositionofproperty
ofabankrupt,arrangingdebtororpersondying
insolvent,whichcomprisesafamilyhomewithinthe
meaningoftheFamilyHomeProtectionAct,1976,
shallbemadewithoutthepriorsanctionoftheCourt,
andanydispositionmadewithoutsuchsanctionshall
bevoid.
(5)OnanapplicationbytheOfficialAssigneeunder
thissectionforanorderforthesaleofafamilyhome
F43[orsharedhomewithinthemeaningoftheCivil
PartnershipandCertainRightsandObligationsof
CohabitantsAct2010],theCourt,notwithstanding
anythingcontainedinthisoranyotherenactment,
shallhavepowertoorderpostponementofthesale
ofthefamilyhomeF43[orsharedhomewithinthe
meaningoftheCivilPartnershipandCertainRights
andObligationsofCohabitantsAct2010]having
regardtotheinterestsofthecreditorsandofthe
spouseF44[orcivilpartnerwithinthemeaningofthe
CivilPartnershipandCertainRightsandObligationsof
CohabitantsAct2010]anddependantsofthe
bankruptaswellastoallthecircumstancesofthe
case.
(6)TheOfficialAssigneemayincaseofdoubtor
difficultyseekthedirectionsoftheCourtin
connectionwiththeaffairsofanybankruptor
arrangingdebtor.
(7)TheexercisebytheOfficialAssigneeofthe
powersconferredbythissectionshallbesubjectto
thecontroloftheCourt,andanycreditororother
personwhointheopinionoftheCourthasan
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interestmayapplytotheCourtinrelationtothe
exerciseorproposedexerciseofthosepowers.
(8)Thepowersandfunctionsconferredonthe
OfficialAssigneebythissectionmaybeexercisedand
performed
(a)inthecaseofanadjudicationfoundedona
petitionofadebtor,onadjudication,
(b)inthecaseofanadjudicationfoundedona
petitionbyacreditor,ontheexpirationof
thetimeforshowingcause,
(c)inthecaseofavestingarrangement,on
approvaloftheproposalbytheCourt.
Annotations:
Amendments:
F39
Deleted(1.12.2009)byLandandConveyancingLawReform
Act2009(27/2009),s.8(1)andsch.1,S.I.No.356of2009.
F40
Provisions)Act2011(23/2011),s.30(e),commencedon
enactment.
F41
Substituted(1.01.2002)byBankruptcyAct1988(Alteration
ofMonetaryLimits)Order2001(S.I.No.595of2001),art.2
andsch.,ineffectasperart.2.
F42
3(b).
F43
andsch.part3item14(a),S.I.No.648of2010.
F44
andsch.part3item14(b),S.I.No.648of2010.
EditorialNotes:
E16
Previousaffectingprovision:subs.(3)(h)amended
(10.04.2002)byCourtsandCourtOfficersAct2002
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(15/2002),s.34,commencedonenactment;further
amendedasperFnoteabove.
E17
Previousaffectingprovision:subs.(3)(h)amended
(1.01.2002)byBankruptcyAct1988(Alterationof
MonetaryLimits)Order2001(S.I.No.595of2001),art.2
andsch.,ineffectasperart.2;furtheramendedasperF
noteabove.
BankruptcyInspectorandassistants.
(1857,s.62)
62.(1)TheBankruptcyInspectorandhis
assistantsshallfollowtheinstructionsoftheOfficial
Assignee,subjecttothedirectionsandcontrolofthe
Court.
(2)SubjecttotheprovisionsofthisAct,itshallbe
thedutyoftheBankruptcyInspectororhisassistants
(a)toseizethepropertyofthebankrupt
pursuanttoawarrantissuedbytheCourt
undersection27,
(b)totakeaninventoryofandreportonthe
bankrupt'sproperty,
(c)totakepossessionofthepropertyofan
arrangingdebtorpursuanttosection100,
andtotakeaninventoryofandreporton
theproperty,
(d)todosuchotherthingsasmaybedirectedby
theCourtortheOfficialAssignee.
ProtectionofOfficialAssignee.
(1857,s.65)
63.TheOfficialAssigneeshallnotbeliable
(a)byreasonofanyofthemattersonwhichan
adjudicationwasgroundedbeing
insufficienttosupporttheadjudication,
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(b)inrespectofhisreceiptofanyproperty,
providedhehasnotdealtwiththe
propertyotherwisethanasdirectedbythe
CourtorasrequiredbythisActorby
F45[regulationsmadebytheMinister
underthisAct].
Annotations:
Amendments:
F45
No.463of2013.
PowerofOfficialAssigneetobarentail.
(1857,s.340;1872,s.50)
64.F46[]
Annotations:
Amendments:
F46
Repealed(1.12.2009)byLandandConveyancingLaw
ReformAct2009(27/2009),s.8(3)andsch.2part5,S.I.No.
356of2009.
PowerofOfficialAssigneetoappropriatepartof
bankrupt'sincome.
(New:cf.1857,s.319;1872,s.51)
65.(1)Notwithstandinganyprovisiontothe
contraryinanyotherenactment,whenevera
bankrupt,whetherselfemployedornot,isinreceipt
oforisentitledtoreceiveanysalary,income,
emolumentorpension,theCourtmay,fromtimeto
time,ontheapplicationoftheOfficialAssignee,make
suchorderdirectedtothebankruptandanyperson
fromwhomthebankruptisentitledtoreceiveany
suchsalary,income,emolumentorpensionforthe
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paymenttotheOfficialAssigneeofallorpartofsuch
salary,income,emolumentorpension,subjectto
suchconditionsastopaymentastheCourtmay
specifyintheorderhavingregardtothefamily
responsibilitiesandpersonalsituationofthe
bankrupt.
(2)TheCourtmayatanytime,ontheapplicationof
anyinterestedperson,varyanorderundersubsection
(1),havingregardtoanychangesinthefamily
responsibilitiesorpersonalsituationofthebankrupt.
F47[Cesserofsection65.
65A.Anapplicationforanorderundersection65
shallnotbemadeafterthecomingintooperation of
this section, but this section shall not operate to
preventanapplicationunder section 65(2) where an
order under section 65(1) is in force on the coming
intooperationofthissection.]
Annotations:
Amendments:
F47
(44/2012),s.155,S.I.No.463of2013.
DeliveryofpropertytoOfficialAssignee.
(cf.1857,s.324)
66.Everypersonshall,onrequest,deliverupto
theOfficialAssigneeallmoneyorsecuritiesfor
moneyinsuchperson'spossessionorcontrolwhich
heisnotbylawentitledtoretainasagainstthe
bankruptortheOfficialAssignee.
RightofOfficialAssigneetotransferstocksor
shares.
(cf.1857,s.320)
67.Whereanypartofthepropertyofabankrupt,
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orofanarrangingdebtorunderavesting
arrangement,consistsofstocksorshares,theOfficial
Assigneemayexercisetherighttotransferthemto
thesameextentasthebankruptorarrangingdebtor
couldhaveexerciseditbutfortheadjudicationor
vestingarrangement.
RightofOfficialAssigneetoinspectgoodspawnedor
pledged.
(New)
68.Whereanygoodsofabankruptareheldby
anypersonbywayofpledge,pawnorothersecurity,
theOfficialAssigneemaygivenoticeinwritingtothe
holderofhisintentiontoinspectthegoodsand,
wheresuchnoticehasbeengiven,theholdershall
notbeentitledtorealisehissecurityuntilhehas
giventheOfficialAssigneeareasonableopportunity
ofinspectingthegoodsandofexercisinghisrightof
redemptionifhethinksfittodoso.
Receiptofpropertyofbankrupt.
(cf.1857,ss.60,61)
69.(1)TheOfficialAssigneeshallbeassigneeof
eachbankrupt'sestateandactwiththecreditors'
assignee,ifany.
(2)ExceptwhereotherwisedirectedbytheCourt,
thepropertyofeverybankrupt,andtheincomeand
proceedsthereof,shallbepossessedandreceivedby
theOfficialAssignee.
F48[(3) All money and securities received by the
Official Assignee, being part of a bankrupts estate,
shallbeforthwithlodgedbyhiminanaccountinthe
CentralBankofIrelandorabankauthorisedtocarry
onbusinessintheStateandshallbekepttheretothe
credit of the Official Assignee subject to the
provisions of this Act, any regulations made under
subsection(6)andthedirectionsoftheCourt.]
(4)Subjecttosection84,allmoneyandsecurities
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which,immediatelybeforethecommencementof
thisAct,stoodtothecreditofbankaccountsin
bankruptcyorarrangementmattersshallbedealt
withpursuanttorulesofcourt.
(5)TheOfficialAssignee,withtheleaveofthe
Court,mayfromtimetotimeinvestthewholeorany
partofanymoneyreferredtointhissection,andany
interestthereonshallbepaidintotheappropriate
bankaccounts.
F49[(6) The Minister may, following consultation
with the Insolvency Service, by regulations make
provision for the manner in which the Official
Assignee shall maintain accounts referred to in
subsection(3)andformattersrelatingtothekeeping
ofsuchaccounts.]
Annotations:
Amendments:
F48
(MiscellaneousProvisions)Act2013(32/2013),s.31(a),S.I.
No.463of2013.
F49
Provisions)Act2013(32/2013),s.31(b),S.I.No.463of
2013.
EditorialNotes:
E18
Powerpursuanttosubs.(6)exercised(3.12.2013)by
RelatedMatters)Regulations2013(S.I.No.464of2013).
Claimtopropertyinpossessionofbankrupt.
(New)
70.(1)Whereapersonclaimsanypropertywhich
isinthepossessionofthebankruptatthedateof
adjudicationheshallfilewiththeOfficialAssigneea
claimverifiedbyaffidavit.
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(2)TheOfficialAssigneemaygivenoticeinwriting
toanypersontoprovehisclaimtopropertywhichis
inthepossessionofthebankruptatthedateof
adjudicationand,unlesswithinonemonthafterthe
serviceofthenoticethatpersonfileswiththeOfficial
Assigneeaclaimverifiedbyaffidavit,theOfficial
Assigneemay,withthesanctionoftheCourt,sellor
disposeofthepropertyfreeofanyrightorinterest
thereinofthatperson.
Allowancestobankrupt.
(cf.1857,s.301)
71.TheCourtmaymaketothebankruptoutof
hisestatesuchallowancesastheCourtthinksproper
inthespecialcircumstancesofthecase.
Redirectionofletters,etc.,addressedtobankrupt.
(1857,s.312)
72.Whereadebtorisadjudicatedbankruptthe
Court,ontheapplicationoftheOfficialAssignee,may
fromtimetotimeorderthatforsuchtime,not
exceedingthreemonths,astheCourtthinksfit
letters,telegramsandpostalpacketsaddressedtothe
bankruptatanyplacementionedintheordershall,
onsuchtermsandsubjecttosuchconditionsasthe
Courtthinksfit,beredirected,sentordeliveredtothe
OfficialAssigneeastheCourtdirects.
Appointmentofreceiversandmanagers.
(1872,s.68)
73.TheCourtmay,atanytimeafteradjudication
orafterthegrantingofanorderforprotection,
appointareceiverormanagerofthewholeorpartof
thepropertyofthebankruptorarrangingdebtorand
maydirectthatthereceiverormanagertake
immediatepossessionofsuchpropertyoranypart
thereof.
Jointandseparatedividends.
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(cf.1857,s.266)
74.Ifoneormoreofthepartnersofafirmisa
bankrupt,anycreditorofthefirmshallbeentitledto
provehisdebtorbeadmittedasacreditorforthe
purposeofvotinginthechoiceandappointmentofa
creditors'assigneebutsuchcreditorshallnotreceive
anydividendoutoftheseparateestateofthe
bankruptuntilalltheseparatecreditorsshallhave
receivedthefullamountoftheirrespectivedebts.
Debtsprovableinbankruptcyandarrangements.
(cf.1857,ss.247,249,252to258;1872,ss.4547)
75.(1)Debtsandliabilities,presentorfuture,
certainorcontingent,byreasonofanyobligation
incurredbythebankruptorarrangingdebtorbefore
thedateofadjudicationororderforprotectionand
claimsinthenatureofunliquidateddamagesfor
whichthebankruptorarrangingdebtorisliableat
thatdatebyreasonofawrongwithinthemeaningof
theCivilLiabilityAct,1961,shallbeprovableinthe
bankruptcyorarrangement.
F50[(2)Whereinterestoranypecuniary
considerationinlieuofinterestisreservedoragreed
foronadebtwhichisoverdueatthedateof
adjudicationororderforprotection,thecreditorshall
beentitledtoproveortobeadmittedasacreditor
forsuchinterestorconsiderationuptothedateof
adjudicationororderforprotection.]
(3)Whereallnecessarypartiesagree,anorderfor
assessmentofdamagesorcontributionundersection
61(2)oftheCivilLiabilityAct,1961,maybemadeby
theCourt,notwithstandingthatitmaynotbethe
courtbyorbeforewhichtheclaimfordamagesor
contributionfallstobedetermined.
(4)AnestimatemaybemadebytheCourtofthe
valueofanydebtwhich,byreasonofitbeingsubject
toanycontingencyorforanyotherreason,doesnot
bearacertainvalueandtheamountoftheestimate
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shallbeprovedasadebt.
Annotations:
Amendments:
F50
Provisions)Act2011(23/2011),s.30(f),commencedon
enactment.
Proofofdebts.
(cf.1857,s.246inpt.)
76.TheprovisionsoftheFirstScheduleshallapply
inrelationtotheproofofdebts.
Bankruptcyofmercantileagent.
(New)
77.Section12(2)oftheFactorsAct,1889(which
regulatestherightsofanownerofgoodsinthecase
ofthebankruptcyofamercantileagenttowhomthey
havebeenentrusted)shallhaveeffectwiththe
substitutionforthereferencetoatrusteein
bankruptcyofareferencetotheOfficialAssignee.
Proofforcostsofjudgment.
(1857,s.261)
78.Whereapartytoanycauseormatterhas
obtainedajudgmentororderagainstapersonwhois
afterwardsadjudicatedbankruptorisgrantedan
orderforprotectionforanydebtforwhichheproves
orisadmittedacreditor,heshallalsobeentitledto
proveorbeadmittedacreditorforthecostsofthe
judgmentororder,whetherornotthecostshave
beentaxedorascertainedatthedateofthe
adjudicationororderforprotection.
Disallowanceofdebtsalreadyproved.
(1857,s.263)
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79.TheCourtmay,ontheapplicationofthe
OfficialAssigneeoranycreditororthebankruptor
arrangingdebtor,disallow,inwholeorinpart,any
debtalreadyprovedoradmitted.
DistributionofEstate
Priorityofexpenses,etc.
(New)
80.Theexpenses,feesandcostsofthe
bankruptcyshallbepayableinprioritytotheliabilities
ofthebankruptinsuchorderasmaybeprescribed.
Preferentialpayments.
(1889,ss.4,6;33/1963,s.285)
81.(1)Inthedistributionofthepropertyofa
bankruptthereshallbepaidinprioritytoallother
debts
(a)alllocalratesduefromthebankruptatthe
dateoftheorderofadjudication,and
havingbecomedueandpayablewithin
twelvemonthsnextbeforethatdate,and
allpropertyorincometaxassessedonthe
bankruptuptotheF51[31stDecember]
nextbeforethedateoftheorderof
adjudication,andnotexceedinginthe
wholeoneyear'sassessment;
(b)allwagesorsalary(whetherornotearned
whollyorinpartbywayofcommission)of
anyclerkorservantinrespectofservices
renderedtothebankruptduringthefour
monthsnextbeforethedateoftheorder
ofadjudicationnotexceeding2,500;
(c)allwagesnotexceeding2,500ofany
labourerorworkman(whetherpayablefor
timeorforpiecework)inrespectof
servicesrenderedtothebankruptduring
thefourmonthsnextbeforethedateof
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theorderofadjudication:providedthat,
whereanyfarmlabourerhasenteredinto
acontractforthepaymentofaportionof
hiswagesinalumpsumattheendofthe
yearorothershortertermofhiring,the
priorityunderthissectionshallextendto
thewholeofsuchsum,orapartthereof,
astheCourtmaydecidetobedueunder
thecontractproportionatetothetimeof
serviceuptothedateoftheorderof
adjudication;
(d)allaccruedholidayremunerationbecoming
payabletoanyclerk,servant,workmanor
labourer(orinthecaseofhisdeathtoany
otherpersoninhisright)onthe
terminationofhisemploymentbeforeor
bytheeffectoftheadjudicationorder;
(e)allsumsduetoanyemployeepursuanttoany
schemeorarrangementfortheprovision
ofpaymentstotheemployeewhileheis
absentfromemploymentowingtoill
health;
(f)anypaymentsduebythebankruptpursuant
toanyschemeorarrangementforthe
provisionofsuperannuationbenefitstoor
inrespectofemployeesofthebankrupt
whethersuchpaymentsaredueinrespect
ofthebankrupt'scontributiontothat
schemeorunderthatarrangementorin
respectofsuchcontributionspayableby
theemployeestothebankruptunderany
suchschemeorarrangementwhichhave
beendeductedfromthewagesorsalaries
ofemployees;
(g)anydebt,paymentorcontributionwhichby
virtueofanyprovisioninanyenactmentin
operationbeforethecommencementof
thisActwasincludedinthedebtstowhich
section4ofthePreferentialPaymentsin
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Bankruptcy(Ireland)Act,1889,gave
priority;andanyreferencetothesaid
section4inanysuchenactmentshallbe
construedasareferencetothis
subsection.
(2)Theforegoingdebtsshallrankequallybetween
themselvesandbepaidinfullunlessthepropertyof
thebankruptisinsufficienttomeetthem,inwhich
casetheyshallabateinequalproportionsbetween
themselves.
(3)Subjecttotheretentionofsuchsumsasmaybe
necessaryforthecostsandexpensesof
administrationorotherwise,theforegoingdebtsshall
bedischargedforthwithsofarasthepropertyofthe
bankruptissufficienttomeetthem.
(4)Intheeventofalandlordorotherperson
distrainingorhavingdistrainedonanygoodsor
effectsofthebankruptwithinthreemonthsnext
beforethedateoftheorderofadjudication,the
debtstowhichpriorityisgivenbythissectionshallbe
afirstchargeonthegoodsoreffectssodistrainedon,
ortheproceedsofsalethereof;providedthatin
respectofanymoneypaidunderanysuchchargethe
landlordorotherpersonshallhavethesamerightsof
priorityasthepersontowhomthepaymentismade.
(5)Anyremunerationinrespectofaperiodof
holidayorabsencefromworkthroughgoodcause
shallbedeemedtobewagesinrespectofservices
renderedtothebankruptduringthatperiod.
(6)Notwithstandingsection4,thissectionshallnot
applywheretheorderofadjudicationwasmade
beforethecommencementofthisAct,andinsucha
case,theprovisionsrelatingtopreferentialpayments
whichwouldhaveappliedifthisActhadnotbeen
passedshallbedeemedtoremaininfullforce.
(7)Subsections(1),(2),(3),(5)and(6)shallapplyin
thecaseofanarrangingdebtorundertheprovisions
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ofthisActasifhewereabankrupt,andasifthedate
ofthefilingofthepetitionforarrangementwere
substitutedforthedateoftheorderofadjudication.
(8)Anycreditorwho,inthecaseofan
arrangement,votesinrespectofanydebttowhich
priorityisgivenbythissectionfororagainstthe
acceptanceofthedebtor'sproposalorany
modificationthereofor,inthecaseofacomposition
afterbankruptcy,votesinrespectofanysuchdebtfor
oragainsttheacceptanceofthebankrupt'sofferof
compositionoranymodificationthereofshallbyso
votingbedeemedtohaveabandonedanyrights
undersubsection(1)andshallberemittedtosuch
rights(ifany)inrespectofanyofthedebtstherein
mentionedassuchcreditorwouldhavehadapart
fromthatsubsection.
(9)Thissectionshallapplyinthecaseofa
deceasedpersonwhodiesinsolventasifhewerea
bankruptandasifthedateofhisdeathwere
substitutedforthedateoftheorderofadjudication.
(10)Nothinginthissectionshallaltertheeffectof
section3ofthePartnershipAct,1890,orshall
prejudicetheprovisionsofsection14oftheTrustee
SavingsBanksAct,1863,ortheprovisionsofthe
FriendlySocietiesAct,1896.
Annotations:
Amendments:
F51
(44/2012),s.156,S.I.No.462of2013.
C21
Applicationofsectionextended(15.07.2014)byProtected
DisclosuresAct2014(14/2014),s.12andsch.2para.5(2),
S.I.No.327of2014.
SCHEDULE2
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RedressforContraventionofsection12(1)
Provisionsrelatingtowindingupandbankruptcy.
5....
(2)Thereshallbeincludedamongthedebtswhich,
undersection81oftheBankruptcyAct1988are,inthe
distributionofthepropertyofabankruptorarranging
debtor,tobepaidinprioritytoallotherdebts,all
compensationpayablebyvirtueofadecisionunder
paragraph1(2)(b)oradeterminationunderparagraph2(1)
(b)bythebankruptorarrangingdebtortoanemployee,
andthatActshallhaveeffectaccordingly.
C22
Applicationofsectionextended(1.08.2013)byCentral
Bank(SupervisionandEnforcement)Act2013(26/2013),s.
41andsch.5para.5(2),S.I.No.287of2013.
SCHEDULE5
Provisionsrelatingtowindingupandbankruptcy
5....
(b)bythebankruptorarrangingdebtor,toanemployee,
andthatActshallhaveeffectaccordingly.Formalproofof
thedebtstowhichpriorityisgivenunderthissubparagraph
shallnotberequiredexceptincaseswhereitmay
otherwisebeprovidedunderthatAct.
C23
Applicationofsectionextended(31.07.2013)byPersonal
InsolvencyAct2012(44/2012),ss.67(1),(4)and101(1),(5)
S.I.No.285of2013.
PreferentialdebtsinDebtSettlementArrangement.
67.(1)Unlessthecreditorconcernedotherwiseagrees
inwritingandprovisionissomadeinthetermsoftheDebt
SettlementArrangement,apreferentialdebtshall,subject
tosubsection(3),bepaidinprioritybythedebtorand
wherethosedebtsaretobepaidinprioritytheprovisions
ofsection81oftheBankruptcyAct1988shallapplywithall
necessarymodifications.
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...
(4)InthisChapter,preferentialdebtmeansadebt
which,ifthedebtorconcernedwereabankruptwouldbea
debt
(a)thatbyvirtueofsection81oftheBankruptcyAct
1988istobepaidinprioritytoallotherdebts,
or
(b)thatbyvirtueofanyotherstatutoryprovisionisto
beincludedamongsuchdebts.
...
PreferentialdebtsinPersonalInsolvencyArrangement.
101.(1)Unlessthecreditorconcernedotherwise
agreesinwritingandprovisionissomadeinthetermsof
thePersonalInsolvencyArrangement,apreferentialdebt
shall,subjecttosubsection(3),bepaidinprioritybythe
debtorandwherethosedebtsaretobepaidinprioritythe
provisionsofsection81oftheBankruptcyAct1988shall
applywithallnecessarymodifications.
...
(5)InthisChapter,preferentialdebtmeansadebt
which,ifthedebtorconcernedwereabankruptwouldbea
debt
(a)thatbyvirtueofsection81oftheBankruptcyAct
1988istobepaidinprioritytoallotherdebts,
or
(b)thatbyvirtueofanyotherstatutoryprovisionisto
beincludedamongsuchdebts.
C24
ApplicationofsectionextendedbyIndustrialRelationsAct
1946(26/1946),s.45D,asinserted(1.08.2012)byIndustrial
Relations(Amendment)Act2012(32/2012),s.13,S.I.No.
302of2012.
45D....
compensationpayablebyvirtueofadecisionundersection
45A(2)(b)oradeterminationundersection45B(1)(b)bythe
bankruptorarrangingdebtor,asthecasemaybe,toa
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worker,andtheBankruptcyAct1988shallhaveeffect
accordingly.
(4)Formalproofofthedebtstowhichpriorityisgiven
undersubsection(3)shallnotberequiredexceptincases
whereitmayotherwisebeprovidedundertheBankruptcy
Act1988.
C25
Applicationofsectionextended(6.07.2012)byProperty
Services(Regulation)Act2011(40/2011),s.67(5),(6)and
sch.4para.3(10),S.I.No.411of2011.
SCHEDULE4
Paragraphs1and2:supplementalprovisions
3....
bythebankruptorarrangingdebtor,asthecasemaybe,to
anemployee,andthatActshallhaveeffectaccordingly.
Formalproofofthedebtstowhichpriorityisgivenunder
thissubparagraphshallnotberequiredexceptincases
whereitmayotherwisebeprovidedunderthatAct.
C26
Applicationofsectionextended(16.05.2012)byProtection
ofEmployees(TemporaryAgencyWork)Act2012
(13/2012),s.25andsch.2para.5(2),commencedon
enactment.
SCHEDULE2
RedressforcertaincontraventionsofAct
5....
paragraph1(2)oradeterminationunderparagraph2(1)by
thebankruptorarrangingdebtor,asthecasemaybe,toan
employee,andthatActshallhaveeffectaccordingly,and
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formalproofofthedebtstowhichpriorityisgivenunder
C27
Applicationofsectionextended(9.08.2011)byCriminal
JusticeAct2011(22/2011),s.20andsch.2para.5(3)and
(4),S.I.No.411of2011.
SCHEDULE2
5....
(b)bythebankruptorarrangingdebtor,asthecasemay
be,toanemployee,andthatActshallhaveeffect
accordingly.
undersubparagraph(3)shallnotberequiredexceptin
caseswhereitmayotherwisebeprovidedunderthe
BankruptcyAct1988.
C28
Applicationofsectionextended(21.12.2009)byNational
AssetManagementAgencyAct2009(34/2009),s.223(3),
(4)andsch.2para.5(2),S.I.No.545of2009.
SCHEDULE2
5....
anemployee,andthatActshallhaveeffectaccordingly.
Formalproofofthedebtstowhichpriorityisgivenunder
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C29
Applicationofsectionextended(1.01.2007)byEmployment
PermitsAct2006(16/2006),s.26(3),(4)andsch.2para.
5(2),S.I.No.682of2006.
SCHEDULE2
5....
anemployee,andthatActshallhaveeffectaccordingly,
andformalproofofthedebtstowhichpriorityisgiven
underthissubparagraphshallnotberequiredexceptin
caseswhereitmayotherwisebeprovidedunderthatAct.
C30
Applicationofsectionextended(1.12.2005)bySocial
WelfareConsolidationAct2005(26/2005),s.19(5),S.I.No.
923of2005.
Windingupandbankruptcy.
19.(1)InthissectionActof1988meansthe
BankruptcyAct1988.
...
(5)Thereshallbeincludedamongthedebtswhichunder
section81oftheActof1988are,inthedistributionofthe
propertyofabankruptorarrangingdebtor,tobepaidin
prioritytoallotherdebts,allemploymentcontributions
payablebythebankruptorarrangingdebtorduringthe12
monthsbeforethedateoftheorderofadjudicationinthe
caseofabankruptorthefilingofthepetitionfor
arrangementinthecaseofanarrangingdebtor,andthat
Acthaseffectaccordingly,andformalproofofthedebtsto
whichpriorityisgivenunderthissubsectionisnotrequired
exceptincaseswhereitmayotherwisebeprovidedby
generalordersmadeunderthatAct.
C31
ApplicationofsectionextendedbyProtectionofEmployees
(Employers'Insolvency)Act1984(21/1984),s.10(2A),as
inserted(6.04.2004)byIndustrialRelations(Miscellaneous
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TransfertoMinisterofcertainrightsandremedies
10....
[(2A)WheretheMinistermakesapaymenttoan
employeeundersection6(2)(a)(iii)(II)(insertedbysection
15oftheRedundancyPaymentsAct2003)ofthisAct,that
paymentshallberecoverablebytheMinisterasadebtto
bepaidinprioritytoallotherdebtsunder
(a)section81oftheBankruptcyAct1988,or
(b)section285(asamendedbysection10ofthe
Companies(Amendment)Act1982andsection
134oftheCompaniesAct1990)ofthe
CompaniesAct1963,
andanyamountofthatpaymentwhichwould,butfor
thelimitsetbysection6(4)(a)(asmaybevariedby
regulationsundersection11(5)),bepayabletoan
employee,shallbetreatedforallpurposesasifitwerea
paymentrequiredtobepaidbyvirtueofanawardunder
section12(1)oftheActof1973.]
...
C32
Applicationofsectionextended(2.07.2001)byCarers
LeaveAct2001(19/2001),s.25(2),commencedon
enactment.
25....
(2)Thereshallbeincludedamongthedebtsthat,under
section81oftheBankruptcyAct,1988,areinthe
debtor,tobepaidinprioritytoallotherdebts,any
compensationpayableunderthisActbythebankruptor
arrangingdebtor,asthecasemaybe,toanemployee,and
thatActshallhaveeffectaccordingly,andformalproofof
thedebtstowhichpriorityisgivenunderthissubsection
otherwisebeprovidedbyrulesofcourt.
C33
TrainingFundAct2000(41/2000),s.5(11),(12),S.I.No.494
of2000.
Collectionoflevy.
5....
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undersection81oftheBankruptcyAct,1988,are,inthe
distributionofthepropertyofabankrupttobepaid,
subjecttosection119ofthatAct,inprioritytoallother
debts,alllevypayablepursuanttosection3bythe
bankruptduringtheperiod12monthsbeforethedateof
theorderofadjudication,andthatActshallhaveeffect
accordingly,andformalproofofthedebtstowhichpriority
isgivenunderthissubsectionshallcomplywiththe
provisionsoftheFirstScheduletothatActandanyrulesof
courtrelatingtoproofofdebt.
...
C34
MinimumWageAct2000(5/2000),s.49(2),(3),S.I.No.96
of2000.
49....
(2)Thereshallbeincludedamoungthedebtswhich,
debtor,tobepaidinprioritytoallotherdebts,allarrearsof
paypayableunderthisActbythebankruptorarranging
debtor.
undersubsection(1)or(2)shallnotberequiredexceptin
caseswhereitmayotherwisebeprovidedbyrulesor
generalordersmadeundertherespectiveAct.
C35
Applicationofsectionextended(18.10.1999)by
EmploymentEqualityAct1998(21/1998),s.103(2),S.I.No.
320of1999.
Provisionsrelatingtoinsolvency.
103....
debtor,tobepaidinprioritytoallotherdebts,allrelevant
compensationpayableunderthisPartbythebankruptor
arrangingdebtor,asthecasemaybe,andthatActshall
haveeffectaccordingly,andformalproofofthedebtsto
whichpriorityisgivenunderthissubsectionshallnotbe
requiredexceptincaseswhereitmayotherwisebe
providedbygeneralordersmadeunderthatAct.
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C36
Applicationofsectionextended(3.12.1998)byParental
LeaveAct1998(30/1998),s.24(2),commencedaspers.
1(2).
24....
(2)Thereshallbeincludedamongthedebtsthat,under
section81oftheBankruptcyAct,1988,are,inthe
debtor,tobepaidinprioritytoallotherdebts,any
compensationpayableunderthisActbythebankruptor
otherwisebeprovidedbyrulesofcourt.
C37
Applicationofsectionextended(6.04.1997)byTaxes
ConsolidationAct1997(39/1997),ss.982and994,
commencedaspers.1097.
Preferentialpayment.
982.Thepriorityattachingtoassessedtaxesunder
section81oftheBankruptcyAct,1988,andsections98and
285oftheCompaniesAct,1963,shallapplytocapitalgains
tax.
...
Priorityinbankruptcy,etc.ofcertainamounts.
994.(1)Inthissection,employer'sliabilityforthe
periodof12monthsmeansallsumswhichanemployer
wasliableunderthisChapterandanyregulationsunder
thisChaptertodeductfromemolumentstowhichthis
Chapterappliespaidbytheemployerduringtheperiodof
12monthsmentionedinsubsection(2),reducedbyany
amountswhichtheemployerwasliableunderthisChapter
andanyregulationsunderthisChaptertorepayduringthe
sameperiod,andsubjecttotheadditionofinterest
payableundersection991.
(2)Thereshallbeincludedamongthedebtswhichunder
section81oftheBankruptcyAct,1988,aretobepaidin
prioritytoallotherdebtsinthedistributionoftheproperty
ofabankrupt,arrangingdebtororpersondyinginsolvent
somuchasisunpaidoftheemployer'sliabilityforthe
periodof12monthsbeforethedateonwhichtheorderof
adjudicationofthebankruptwasmade,thepetitionof
arrangementofthedebtorwasfiledor,asthecasemaybe,
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thepersondiedinsolvent.
C38
Applicationofsectionextended(20.03.1995)byAdoptive
LeaveAct1995(2/1995),s.38(2),S.I.No.64of1995.
38....
arrangingdebtor,asthecasemaybe,toanadopting
parent,andthatActshallhaveeffectaccordingly,and
formalproofofthedebtstowhichpriorityisgivenunder
thissubsectionshallnotberequiredexceptincaseswhere
itmayotherwisebeprovidedbygeneralordersmade
underthatAct.
C39
Applicationofsectionextended(30.01.1995)byMaternity
ProtectionAct1994(34/1994),s.36(2),S.I.No.16of1995.
36....
otherwisebeprovidedbygeneralordersmadeunderthat
Act.
C40
Applicationofsectionextended(25.03.1994)byIndustrial
Training(ApprenticeshipLevy)Act1994(3/1994),s.12(3),
S.I.No.61of1994.
Provisionsrelatingtowindingupandbankruptcy,etc.
12....
(3)(a)Thereshallbeincludedamongthedebtswhich,
undersection81oftheBankruptcyAct,1988,
are,inthedistributionofthepropertyofa
bankrupttobepaid,subjecttosection119of
thatAct,inprioritytoallotherdebts,alllevy
payablepursuanttosection2bythebankrupt
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duringtheperiodof12monthsbeforethedate
oftheorderofadjudication,andthatActshall
haveeffectaccordingly,andformalproofofthe
debtstowhichpriorityisgivenunderthis
subsectionshallcomplywiththeprovisionsof
theFirstScheduletothatActandanyrulesof
courtrelatingtoproofofdebt.
(b)Paragraph(a)ofthissubsectionshallbeconstrued
soastoapplytoanarrangingdebtorinthe
samemannerasitappliestoabankruptand,
accordingly,thereferenceinthatparagraphto
theperiodof12monthsbeforethedateofthe
orderofadjudicationshallbeconstruedasa
referencetotheperiodof12monthsbeforethe
dateofthepresentingofthepetitionfor
protection.
C41
Applicationofsectionextended(29.08.1989)byEuropean
Communities(PreferentialTreatmentForDebtsinRespect
ofLeviesonProductionofCoalandSteel)Regulations1989
(S.I.No.219of1989),reg.3(1).
3.(1)(a)Thereshallbeincludedamongthedebtswhich,
undersection81(1)oftheBankruptcyAct,
1988,aretobepaidinprioritytoallotherdebts
inthedistributionofthepropertyofabankrupt
(i)anydebtsarisingfromtheapplicationofthe
leviesreferredtoinArticles49and50ofthe
ECSCTreatywhichshallhavefallendue
withintheperiodoftwelvemonthsnext
beforethedateoftheorderofadjudication
ofthebankruptwasmade,and
(ii)anysurcharges,inrespectofdelayinpaying
thoselevies,referredtoinArticle3ofthe
CommissionRecommendation.
(b)Subparagraph(a)ofthisparagraphshall,forthe
purposesofsection81oftheBankruptcyAct,
1988,bedeemedtobecontainedinsubsection
(1)ofthatsectionand,inparticular,subsections
(7)and(9)ofthatsectionshallbeconstrued
accordingly.
EditorialNotes:
E19
Priorityattachingtotaxestowhichsectionapplies
prescribedbyTaxesConsolidationAct1997(25/1997),s.
960P,asinserted(24.12.2008)byFinance(No.2)Act2008
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(25/2008),s.97andsch.4para.1(b),commencedon
enactment;amended(1.11.2010)byValueAddedTax
ConsolidationAct2010(31/2010),ss.123andsch.7,
commencedaspers.125;and(1.01.2012)byFinanceAct
2011(6/2011),s.20(1)(n),S.I.No.660of2011;and
(1.01.2013)byFinance(LocalPropertyTax)Act2012
(52/2012),s.158andscheduleitem7,S.I.No.589of2012.
E20
Sectionconfirmedtoapplytotherecoveryofinterest
payableonoverdueincometaxandcorporationtaxasif
theinterestwereapartofthetax(6.04.1997)byTaxes
ConsolidationAct1997(39/1997),s.1080(3),(4),
commencedaspers.1097,assubstituted(25.03.2005)by
FinanceAct2005(5/2005),s.145,commencedon
enactment.
Distributionofestate.
(cf.1857,ss.286,288,289,290,292,293)
82.(1)Assoonasconvenientafterthereceiptby
himofsufficientfundstomeetexpenses,fees,costs
andpreferentialpaymentsandtopayadividendto
creditorsinanybankrupt'sestatetheOfficial
AssigneeshallplaceontheCourtfilealistofcreditors
admittedbyhimorbytheCourt,acopyofthe
relevantaccountofthebankruptinhisbooks,
particularsofexpenses,fees,costs,preferential
paymentsanddividendpayabletocreditorsandhis
reportontherealisationoftheestate.
(2)TheOfficialAssigneeshallpresentthe
documentsandthereportfiledinaccordancewith
subsection(1)totheCourtatasittingtobeheldnot
lessthantwentyonedaysafternoticeofthefiling
andofthesittinghasbeengivenintheprescribed
manner.
(3)AtthesittingtheCourtmaymakesuchorderas
itthinksfitfordistributionoftheestateoranypart
thereofbypaymentoftheexpenses,fees,costsand
preferentialpaymentsaswellastherelevant
dividend.
(4)Thefilereferredtoinsubsection(1)shallbe
opentopublicinspectiononpaymentofaprescribed
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feebutnofeeshallbechargedtocreditorsinspecting
thefile.
(5)Ifforanyreasontheestateofthebankruptis
notfullydistributedatsuchsitting,secondand
subsequentdistributionsshallbemadeassoonas
convenientaftertherealisationoftheresidualestate.
Theprocedureshallbethesameasforthefirst
distribution.
(6)Inanycasewheretherearenofunds,orinthe
opinionoftheOfficialAssigneeinsufficientfunds,
availablefordistributiontothecreditorstheCourt
mayorderthepaymentofexpenses,feesandcostsin
thatordersofarasthefundsextend.Wherea
balanceremains,itshallbetransferredtotheaccount
referredtoinsection84(1).
Accountsandaudit.
(New)
83.F52[]
Annotations:
Amendments:
F52
Repealed(3.12.2013)byCourtsandCivilLaw
No.463of2013.
F53[OfficialAssigneeUnclaimedDividendAccount
84. (1) The Official Assignee shall cause an
accounttobeopened
(a)intheCentralBankofIreland,or
(b)abankauthorisedtocarryonbusinessinthe
State,
and any such account shall be called the Official
Assignee Unclaimed Dividend Account and a
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referenceinthissectiontoarelevantaccountisto
beconstruedasareferencetosuchanaccount.
(2) The Official Assignee shall pay into a relevant
account all unclaimed dividends and all money
unclaimed,beingpartofanybankruptsestate.
(3)(a)TheOfficialAssigneeshallbeentitledtopay
outofarelevantaccountalldividends
lawfullyclaimedaswellasthesums
providedforbysection61(3)(k).
(b)Inordertoprovidetemporarilyforpayments
forwhichnofundsareimmediately
availableintheparticularestateagainst
whichtheyarechargeable,theremaybe
paidoutofarelevantaccounttothecredit
oftheOfficialAssigneeinaseparate
accountinthesaidbanksuchsums,
subjecttosuchconditions,asmaybe
prescribedbyregulationsmadebythe
Minister.
(4) The Official Assignee, with the leave of the
Court,mayfromtimetotimeinvestthewholeorany
partofthemoneystandingtothecreditofarelevant
account,andtheinterestontheinvestmentsshallbe
paidintoarelevantaccount.
(5) The Court may order that the Official Assignee
shall be paid out of a relevant account such sum by
wayofindemnityinrespectofanydamages,costsor
expenses payable or incurred or to be payable or
incurredbyhimfororbyreasonofanyactormatter
done by him while acting as Official Assignee as the
Court thinks just, including the costs of any
proceedings taken by the Official Assignee with the
leaveoftheCourtwherethereareinsufficientfunds
inthematter.
(6)Arelevantaccountshallnotbeavailableforany
purposeotherthanthepurposesofthissection.
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(7) The Minister may, following consultation with

theInsolvencyService,byregulationsprescribe
(a) the manner in which the Official Assignee
shallmaintainarelevantaccount,
(b) the purposes for which funds may be
withdrawn from a relevant account
pursuanttosubsection(3)(b),
(c) the monetary limits relating to the
withdrawal of funds from a relevant
accountpursuanttosubsection(3)(b),and
(d)theconditionssubjecttowhichfundsmaybe
withdrawn from a relevant account
pursuanttosubsection(3)(b).]
Annotations:
Amendments:
F53
No.463of2013.
EditorialNotes:
E21
Powerpursuanttosubs.(7)exercised(3.12.2013)by
RelatedMatters)Regulations2013(S.I.No.464of2013).
F54[Automaticdischargefrombankruptcy.
85.(1)Subjecttosubsection(2)andsection85A
everybankruptcyshall,onthe3rdanniversaryof the
date of the making of the adjudication order in
respect of that bankruptcy, unless prior to that date
the bankruptcy has been discharged or annulled,
standdischarged.
(2)Subjecttosection85A,abankruptcysubsisting
on the coming into operation of section 157 of the
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Personal Insolvency Act 2012 where the order of

adjudicationwasmademorethan3yearspriortothe
coming into operation of that section, shall stand
discharged 6 months after that day unless the
bankruptcy has otherwise been discharged or
annulled.
(3)Whereabankruptcyisdischargedinpursuance
of this section the unrealised property of the
bankrupt shall remain vested in the Official Assignee
forthebenefitofthecreditors.
(4)Abankruptwhoisdischargedfrombankruptcy
in pursuance of this section shall have a duty to co
operate with the Official Assignee in relation to the
realisationanddistributionofsuchofhispropertyas
isvestedintheOfficialAssignee.
(5) A person whose bankruptcy has been
dischargedbyvirtueofthissectionmayapplyto the
Official Assignee for the issue of a certificate of
dischargefrombankruptcy.
(6) In this section and in sections 85A to 85D
bankrupt includes personal representatives and
assigns.]
Annotations:
Amendments:
F54
(44/2012),s.157,S.I.No.462of2013.
EditorialNotes:
E22
Previousaffectingprovision:sectionsubstituted
(10.10.2011)byCivilLaw(MiscellaneousProvisions)Act
2011(23/2011),s.30(g),S.I.No.508of2011.;substituted
asperFnoteabove.
E23
Previousaffectingprovision:subs.(3)(a)(ii)substituted
(20.07.2008)byCivilLaw(MiscellaneousProvisions)Act
2008(14/2008),s.65,S.I.No.274of2008;substitutedas
perEnoteabove.
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E24
Previousaffectingprovision:subss.(3)and(4)amended
(1.01.2002)byEuroChangeover(Amounts)Act2001
(16/2001),s.7(1),commencedaspers.7(1);substitutedas
perEnoteabove.
F55[Objectiontoautomaticdischargefrom
bankruptcy.
85A.(1) The Official Assignee, the trustee in
bankruptcyoracreditorofthebankruptmay,priorto
the discharge of a bankrupt pursuant to section 85,
apply to the Court to object to the discharge of a
bankruptfrombankruptcyinaccordancewithsection
85 where the Official Assignee, the trustee in
bankruptcy or the creditor concerned believes that
thebankrupthas
(a)failedtocooperatewiththeOfficialAssignee
in the realisation of the assets of the
bankrupt,or
(b) hidden from or failed to disclose to the
Official Assignee income or assets which
could be realised for the benefit of the
creditorsofthebankrupt.
(2) An application under subsection (1) shall be
madeonnoticetothebankruptandwheremade by
the trustee in bankruptcy or a creditor, notice shall
alsobegiventotheOfficialAssignee.
(3)WhereitappearstotheCourtthatthemaking
of an order pursuant to subsection (4) may be
justified, the Court may make an order that the
matters complained of by the applicant under
subsection (1) be further investigated and pending
themakingofadeterminationoftheapplicationthe
bankruptcy shall not stand discharged by virtue of
section85.
(4) Where the court is satisfied that the bankrupt
has
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(a)failedtocooperatewiththeOfficialAssignee
in the realisation of the assets of the
bankrupt,or
(b) hidden from or failed to disclose to the
Official Assignee income or assets which
could be realised for the benefit of the
creditorsofthebankrupt,
theCourtmaywhereitconsidersitappropriateto
do so, order that in place of the discharge provided
for in section 85 the bankruptcy shall stand
discharged on such later date, being not later than
the8thanniversaryofthedateofthemakingofthe
adjudication order, as the Court considers
appropriate.
(5) Where the Court has made an order under
subsection (4), no further application may be made
undersubsection(1).
(6)Themakingofanorderunderthissectionshall
not prevent an application being made for discharge
orannulmentundersection85B.]
Annotations:
Amendments:
F55
(44/2012),s.157,S.I.No.462of2013.
F56[Entitlementtodischargefrombankruptcy.
85B.(1)Abankruptshallbeentitledtoanorder
discharginghimfrombankruptcywhereprovisionhas
beenmadeforthepaymentoftheexpenses,feesand
costs of the bankruptcy, and for preferential
payments,and
(a) he has paid one euro in the euro, with such
interestastheCourtmayallow,or
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(b)hehasobtainedtheconsentinwritingofall
of his creditors, whose debts have been
provedandadmittedinthebankruptcy,or
(c) section 41 (discharge of adjudication order)
applies.
(2) The giving of consent by a creditor under
subsection(1)constitutesawaiverbythatcreditorof
the right to recover the amount concerned proved
andadmittedinthebankruptcy.
F57[(2A) An order of discharge shall provide that
any property of the bankrupt then vested in the
Official Assignee shall be revested in or returned to
thebankrupt,andthatordershallforallpurposesbe
deemed to be a conveyance, assignment or transfer
of that property to the bankrupt and, where
appropriate,mayberegisteredaccordingly.]
(3) A person whose bankruptcy has been
dischargedbyvirtueofthissectionmayapplyto the
Official Assignee for the issue of a certificate of
dischargefrombankruptcy.]
Annotations:
Amendments:
F56
(44/2012),s.157,S.I.No.462of2013.
F57
F58[Annulmentofadjudicationinbankruptcy.
85C. (1) A person shall be entitled to an
annulmentofhisadjudication
(a) where he has shown cause pursuant to
section16,or
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(b)inanyothercasewhere,intheopinionofthe
Court, he ought not to have been
adjudicatedbankrupt.
(2) An order of annulment shall provide that any
property of the bankrupt then vested in the Official
Assignee shall be revested in or returned to the
bankrupt, and that order shall for all purposes be
deemed to be a conveyance, assignment or transfer
of that property to the bankrupt and, where
appropriate,mayberegisteredaccordingly.
(3)A person whose bankruptcy has been annulled
may apply to the Official Assignee for the issue of a
certificatethatthebankruptcyhasbeenannulled.]
Annotations:
Amendments:
F58
(44/2012),s.157,S.I.No.462of2013.
F59[Bankruptcypaymentorders.
85D. (1) The Court may, on application being
made to it by the Official Assignee or the trustee in
bankruptcy, make an order requiring a bankrupt to
makepaymentstotheOfficialAssigneeorthetrustee
inbankruptcyfromhisincomeorotherassetsforthe
benefit of his creditors (a bankruptcy payment
order).
(2)Anapplicationforabankruptcypaymentorder
may not be made after the bankrupt has been
discharged from bankruptcy, but where an
application for such an order is made before the
discharge of the bankrupt, the Court may make a
bankruptcypaymentorderafterthedateofdischarge
asifthebankrupthadnotbeensodischarged.
(3)Anordermadeundersubsection(1)shallhave
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effectfornolongerthan5yearsfromthedateofthe
order coming into operation, and where, during the
ordersvalidity,thecourthasvariedtheorderunder
subsection(5)suchvariationshallnotcausetheorder
tohaveeffectforaperiodofmorethan5years,and
inanyevent,anyordermadeundersubsection(1)or
variedundersubsection(5)shallceasetohaveeffect
on the 8th anniversary of the date on which the
bankruptwasadjudicatedbankrupt.
(4) In making an order under subsection (1) the
Court shall have regard to the reasonable living
expenses of the bankrupt and his or her dependants
andtheCourtmayalsohaveregardtoanyguidelines
on reasonable living expenses issued by the
InsolvencyServiceunder the Personal Insolvency Act
2012orbytheOfficialAssignee.
(5)TheCourt,ontheapplicationofthebankruptor
the Official Assignee or the trustee in bankruptcy,
mayvaryabankruptcypaymentordergrantedunder
subsection (1) where there has been a material
changeinthecircumstancesofthebankrupt.
(6) The court in granting an application under
subsection(1)mayorderanypersonfromwhomthe
bankrupt is entitled to receive any salary, income,
emolument, pension or other payment to make
paymentstotheOfficialAssigneeortrustee.
(7) For the purposes of this section, where a
bankrupt is, or may become entitled to, payments
under a relevant pension arrangement, an asset
relating to the arrangement (other than payments
already received by the bankrupt, or that the
bankrupt was entitled to receive, under the
arrangement)shallnotberegardedasanasset.]
Annotations:
Amendments:
F59
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(44/2012),s.157,S.I.No.462of2013.
Surplus.
(1857,s.304)
86.(1)Iftheestateofanybankruptissufficientto
payF60[oneeurointheeuro],withinterestatthe
ratecurrentlypayableonjudgmentdebts,andto
leaveasurplustheCourtshallordersuchsurplusto
bepaidordeliveredtoorvestedinthebankrupt,his
personalrepresentativesorassigns.
(2)Theordershallforallpurposesbedeemedto
beaconveyance,assignmentortransferofproperty
and,whereappropriate,mayberegistered
accordingly.
Annotations:
Amendments:
F60
Substituted(1.01.2002)byEuroChangeover(Amounts)Act
2001(16/2001),s.7(2),commencedaspers.7(2).
PARTIV
ARRANGEMENTSUNDERCONTROLOFCOURT
F61[Prohibitiononpresentationofpetitionfor
arrangementundersection87
86A.Apersonshallnotpresentapetitiontothe
Court under section 87 after the coming into
operation of section 35 of the Courts and Civil Law
(MiscellaneousProvisions)Act2013.]
Annotations:
Amendments:
F61
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Petitionforprotection.
(1857,s.343)
87.(1)Anydebtorunabletomeethis
engagementswithhiscreditorsandwishingtoplace
thestateofhisaffairsbeforethemwithaviewto
makingaproposalforthecompositionofhisdebts,
underthecontroloftheCourt,andtosubjecthimself
tothejurisdictionoftheCourtasprovidedbythis
PartmaypresentapetitiontotheCourtsettingout
thereasonforhisinabilitytopayhisdebtsand
requestingthathispersonandpropertymaybe
protecteduntilfurtherorderfromanyactionorother
process.
(2)TheCourt,onsuchpetition,maybyordergrant
suchprotectionandrenewthesamefromtimeto
timeasitthinksfit.
(3)TheCourtmayrefusetograntprotectiontoany
debtorwhoisamemberofapartnership,unlessall
thepartnersjoininthepetition.
(1872,s.62)
(4)Inthissectionprocessincludesabankruptcy
summonsandtheregistrationofF62[ajudgment
mortgageundersection116oftheLandand
ConveyancingLawReformAct2009].
(5)Whileanorderforprotectionisinforcea
creditorshallnotbeentitledtoregisterany
F62[judgmentmortgage]referredtoinsubsection(4)
andanypurportedregistrationshallbeofnoeffect.
(New)
(6)Ifadebtor,atthetimeofhispetition,isin
prisonbyvirtueofsection6oftheEnforcementof
CourtOrdersAct,1940,theCourt,ongranting
protection,mayorderhisrelease.
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Annotations:
Amendments:
F62
Substituted(1.12.2009)byLandandConveyancingLaw
ReformAct2009(27/2009),s.8(1)andsch.1,S.I.No.356
of2009.
EditorialNotes:
E25
Previousaffectingprovision:sectionrepealedbyPersonal
InsolvencyAct2012(44/2012),s.6andsch.1,not
commenced;repealed(3.12.2013)byCourtsandCivilLaw
No.463of2013.
Restrictionondealingwithproperty.
(New)
88.Afteranorderforprotectionhasbeen
grantedandsolongasitisinforcethearranging
debtorshallnot,withoutthepriorsanctionofthe
Court,pledge,partwithordisposeofhispropertyor
anypartthereof,saveintheordinarycourseoftrade
orbusiness.
Annotations:
EditorialNotes:
E26
No.463of2013.
Effectofprotectiononexecutionorders.
(New)
89.(1)Anorderforprotectionmaybegranted
notwithstandingthatthereisanexecutionorderin
thehandsofasherifforcountyregistrarandthe
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ordershalloperatetoprotectagainstexecutionsave
asprovidedbythissection.
(2)Theorderforprotectionshallnotaffectan
executionorderonfootofwhichthesherifforcounty
registrarhasmadeaseizureorgoneintopossession,
andinsuchcasetheexecutioncreditormayrecover
suchamountofhisdebtasmayberealisedbythe
execution.
(3)Inanycasewhenthesherifforcountyregistrar
hasnotmadeaseizureorgoneintopossessionon
footofanexecutionorder,theorderforprotection
shallprotectthedebtorfromfurtherprocessin
respectthereofandtheexecutioncreditorshallbe
boundbythearrangement.
Annotations:
EditorialNotes:
E27
No.463of2013.
Procedureongrantofprotection.
(New)
90.Onthegrantingofanorderforprotection
(a)theCourtshalldirectthearrangingdebtorto
callapreliminarymeetingofhiscreditors
atwhichmeetingthearrangingdebtor
shallpresentastatementofhisassetsand
liabilitiesandkeepaminuteofthe
proceedings;
(b)theCourtshalldirectaprivatesittingbefore
theCourt(tobeheldatadatespecifiedin
theorder)forthepurposeofconsidering
hisproposal;
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(c)thearrangingdebtorshalldeliverforthwithto
theOfficialAssigneeamemorandum
containing:
(i)thedateoftheorderforprotection,
(ii)hisnameandaddress,
(iii)theamountofliabilitiessecured,partly
securedandunsecured,
(iv)theamountofassets,
andshalldeliveraduplicateofthesaid
memorandumtotheCentralOffice.
Annotations:
EditorialNotes:
E28
No.463of2013.
Filingofstatements.
(1857,s.345inpt.)
91.ThearrangingdebtorshallfileintheOfficial
Assignee'sOfficeF63[nolaterthan7daysafterthe
conclusionofthepreliminarymeeting]referredtoin
section90
(a)astatementofaffairsintheprescribedform,
whichshallhaveendorsedthereonsuch
proposalasheisabletomakeforthe
futurepaymentorcompromiseofthe
debtsorengagementssetouttherein,and
(b)acopyofthestatementsubmittedatthe
preliminarymeetingandoftheminuteof
theproceedingswithanyproposalmade
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thereatoratanyadjournmentthereof.
Annotations:
Amendments:
F63
Provisions)Act2008(14/2008),s.66,S.I.274of2008.
EditorialNotes:
E29
No.463of2013.
Acceptanceofproposal.
(1857,s.346inpt.,s.348)
92.(1)(a)If,attheprivatesittingreferredtoin
section90oranyadjournmentthereof,
threefifthsinnumberandvalueofthe
creditorsvotingatsuchsittingeitherin
personorbyanagentauthorisedin
writinginthatbehalfaccepttheproposal
oranymodificationthereof,itshallbe
deemedtobeacceptedbythecreditors,
subjecttotheapprovaloftheCourt.
(1857,s.347)
(b)IfapprovedbytheCourt,theproposalorany
modificationthereofshallbebindingon
thearrangingdebtorandonallpersons
whowerecreditorsatthedateofthe
petitionandwhohadnoticeofthesitting.
(2)AcreditorwhosedebtislessthanF64[130]
shallnotbeentitledtovote.
(3)Thearrangingdebtorshallattendthesittingand
theCourtshallhavepowertoexaminehimonoathor
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anywitnessproducedbyhimoranycreditoror
personclaimingtobeacreditor.
(4)TheCourtmayrequireanypersonsoexamined
tosignatranscriptofhisevidence.
(1857,ss.346,347)
(5)Debtsmaybeprovedatthesitting.
Annotations:
Amendments:
F64
EditorialNotes:
E30
No.463of2013.
VestinginOfficialAssignee.
93.(1)Iftheproposalprovidesforthevestingof
allorpartofthearrangingdebtor'spropertyinthe
OfficialAssigneeeitherassecurityforanofferorfor
realisationanddistribution,thatpropertyshallvestin
theOfficialAssignee,ifheconsents,inaccordance
withthetermsoftheproposalontheapprovalofthe
proposalbytheCourt.
(2)Whereallorpartofthepropertyisvestedinthe
OfficialAssigneeforrealisationanddistribution,the
OfficialAssigneeshallhaveforthatpurposeallsuch
powersinrelationtothepropertyashehasina
bankruptcymatter.Aproposalunderwhichproperty
issovestedisreferredtointhisActasavesting
arrangement.
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(New)
(3)Section46(whichrelatestoacertificateof
vesting)shallapplytopropertywhichvestsinthe
OfficialAssigneeunderthissection.
Annotations:
EditorialNotes:
E31
No.463of2013.
Distributionofpropertyinvestingarrangement.
(New)
94.(1)WhentheOfficialAssigneehassufficient
fundstoimplementthetermsofavesting
arrangementheshallpresenttotheCourtfor
approvalalistofcreditorsadmittedbyhimorbythe
Court,acopyoftherelevantaccountofthearranging
debtorinhisbooks,particularsofexpenses,fees,
costs,preferentialpaymentsanddividendpayableto
creditorsandhisreportontherealisationofthe
estate.
(2)TheCourtmaymakesuchorderasitthinksfit
forthedistributionoftheestateoranypartthereof
bypaymentoftheexpenses,fees,costsand
preferentialpaymentsaswellastherelevant
dividend.
(3)Thereportandtheaccount,togetherwiththe
orderoftheCourt,shallthenbefiledintheCentral
Officeandshallbeopentoinspectionbyeach
creditortowhomnoticeoffilinghasbeengivenin
suchformasmaybeprescribed.Nofeeshallbe
chargedforinspectingthefile.
(4)Ifforanyreasontheestateofthearranging
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debtorisnotfullydistributedbysuchorder,second
andsubsequentdistributionsshallbemadeassoon
asconvenientaftertherealisationoftheresidual
estate.Theprocedureshallbethesameasforthe
firstdistribution.
(5)Inanycasewheretherearenofunds,orinthe
opinionoftheOfficialAssigneeinsufficientfunds,
availablefordistributiontothecreditors,theCourt
mayorderthepaymentofexpenses,feesandcostsin
thatordersofarasthefundsextend.Wherea
balanceremains,itshallbetransferredtotheaccount
referredtoinsection84(1).
Annotations:
EditorialNotes:
E32
No.463of2013.
Specialprivatesitting.
(cf.1857,ss.351,353inpt.)
95.(1)Whereaproposalhasbeenapprovedand
theCourtconsidersitnecessaryanddesirablesoto
do,theCourtmayontheapplicationofthearranging
debtorcauseaspecialprivatesittingtobeheld.
(2)Atthissittingthemajorityinnumberandvalue
ofthecreditorswhohaveproveddebtsofnotless
thanF65[130]mayconfirm,alterorannulthe
proposal.
(3)If,however,onethirdinnumberandvalueof
suchcreditorsdonotattendthesitting,thedecision
atthesittingshallnotbevalidunlessitisapprovedby
theCourt.
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Annotations:
Amendments:
F65
EditorialNotes:
E33
No.463of2013.
Carryingproposalintoeffect.
(New)
96.Aproposalshallbeconsideredtobecarried
intoeffect
(a)inthecaseofavestingarrangement,onthe
approvalthereofbytheCourt,and
(b)inanyothercase,atsuchtimeasmaybe
prescribed.
Annotations:
EditorialNotes:
E34
No.463of2013.
LodgmentwithOfficialAssignee.
(New)
97.Wheretheproposalofanarrangingdebtor
(notbeingaproposalprovidingforthevestingofall
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orpartofhispropertyintheOfficialAssigneefor
realisationanddistribution)hasbeenapproved,the
arrangingdebtorshall,withintheprescribedperiod,
lodgewiththeOfficialAssigneeforpurposesof
distributionthenecessaryamounttopayexpenses,
fees,costsandthepreferentialpayments,together
withthecash,billsorpromissorynotes(ifany)
providedforintheproposal.
Annotations:
EditorialNotes:
E35
No.463of2013.
Certificateofarrangingdebtor.
98.Wheretheproposalofthearrangingdebtor
hasbeencarriedintoeffect,theCourtshall,onthe
reportoftheOfficialAssigneeandintheabsenceof
fraud,granttothearrangingdebtoracertificate
underthesealoftheCourt,andthecertificateshall
operateasadischargetothearrangingdebtorfrom
theclaimsofcreditorswhoreceivednoticeofthe
arrangement.
Annotations:
EditorialNotes:
E36
No.463of2013.
Publicationinrelationtoarrangements.
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(New)
99.(1)Nopublicationoftheaffairsofthe
petitioneroroftheproceedingsinanarrangement
mattershalltakeplacewithoutthesanctionofthe
Courtotherthanthepublicationinabonafidetrade
journaloftheparticularssetoutinthedocuments
filedintheCentralOfficeundersection90.
(2)Anypersonwhocontravenessubsection(1)
shallbeguiltyofanoffence.
Annotations:
EditorialNotes:
E37
No.463of2013.
TakingpossessionofpropertybyOfficialAssignee.
(cf.1857,s.344inpt.)
100.TheCourtmay,ontheapplicationofthe
OfficialAssigneeoranycreditor,atanytimeafteran
orderforprotectionismade(andonsufficientcause
shown)directthatthepropertyofthearranging
debtororanypartthereofshallbepossessedand
receivedbytheOfficialAssignee.
Annotations:
EditorialNotes:
E38
No.463of2013.
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Dischargeofprotectionorder.
(New)
101.TheCourtmay,atanytimeaftertheprivate
sittingreferredtoinsection90,orderthattheorder
forprotectionbedischargedonapplicationtothat
effectbeingmadebythearrangingdebtorwiththe
concurrenceofeverycreditorwhohadnoticeofthe
privatesittingandwhosedebtisnotlessthan
F66[130].
Annotations:
Amendments:
F66
EditorialNotes:
E39
No.463of2013.
Surplus.
(cf.1872,s.65inpt.)
102.(1)WheneveritappearstotheCourtthat
thereremainsvestedinorinthepossessionor
controloftheOfficialAssigneeanypropertyofan
arrangingdebtorwhohasobtainedthecertificate
mentionedinsection98theCourtshallorderthatit
berevestedinorreturnedto,asthecasemaybe,the
debtor,hispersonalrepresentativesorassigns.
accordingly.
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Annotations:
EditorialNotes:
E40
No.463of2013.
Goodsobtainedoncredit.
(New)
103.Ifwithinfourteendaysbeforeanorderfor
protectionismadethedebtorobtainsgoodsoncredit
knowingatthetimethathewillbeunabletopayfor
themtheCourt,ontheapplicationofthecreditor,
may,ifitthinksfit,directeitherthereturnofthe
goodsorpaymentfortheminfull.
Annotations:
EditorialNotes:
E41
No.463of2013.
Privatesittingforenquiry.
(1857,s.353inpt.)
104.TheCourtmayatanytimeinan
arrangementmatter,ontheapplicationoftheOfficial
Assigneeoranypersonhavinganinterest,appointa
privatesittingforenquiryandsummonbeforeitthe
arrangingdebtororanyotherpersonandexamine
himuponanymatterwhichtheCourtconsiders
relevanttothearrangement.
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Annotations:
EditorialNotes:
E42
No.463of2013.
Adjudicationofarrangingdebtor.
105.(1)TheCourtmay,ifitthinksfit,adjudicate
thedebtorbankruptif
(a)hedoesnot,intheprescribedmannerand
withinthetimespecifiedinsection91,file
thedocumentsrequiredbythatsection,or
(b)attheprivatesittingreferredtoinsection90
oranyadjournmentthereofhisproposal
oranymodificationthereofisnot
acceptedorapproved,or
(c)hisproposalisannulledundersection95(2),
or
(d)atanytimeafterthepresentationofhis
petitionforarrangementitisshownthat
theaffidavitfiledwiththepetitionis
wilfullyuntrueorthathehasnotmadea
fulldisclosureofhisproperty,assetsand
liabilities,or
(e)itappearsthathedoesnotwishtomakea
bonafidearrangementwithallhis
creditors,or
(f)hisproposalisnotreasonableandproperto
beexecutedunderthedirectionofthe
Court,or
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(g)hedoesnotdulyattendtheprivatesittingor
anyadjournmentthereof,or
(h)hefailstoobeyanyorderoftheCourt
affectinghimwhichmaybemadeinthe
arrangementmatter,or
(i)heispartytoanycorruptagreementwithhis
creditorstosecuretheacceptanceofhis
proposal.
F67[(2)Onanadjudicationundersubsection(1)the
Courtshallproceedasinbankruptcyandcausenotice
of the adjudication to be given forthwith in the
prescribedmannerintheIrisOifigiil,and
(a)inatleastonedailynewspapercirculatingin
theState,or
(b) by the publication of the notice on the
website of the Insolvency Service of
Ireland,
and the petitioner shall be subject to the
jurisdiction of the Court in the same manner as any
other bankrupt, and any proposal which may have
beenmadeoracceptedorapprovedshallbevoid.]
Annotations:
Amendments:
F67
Provisions)Act2013(46/2013),s.10(b),commencedasper
s.11(4).
EditorialNotes:
E43
No.463of2013.
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PartnersobtainingprotectionoftheCourt.
(New)
106.(1)Wheretwoormoremembersofa
partnershipobtaintheprotectionoftheCourtand
makeproposalstotheircreditorsforthepaymentor
compromiseoftheirjointandseveralliabilities,the
Courtshalladjudicateallthemembersbankruptifany
oftheproposalsarenotaccepted.
(2)Onanadjudicationundersubsection(1)the
Courtshallproceedasinbankruptcyandcausenotice
oftheadjudicationtobegivenforthwithinthe
prescribedmannerinIrisOifigiilandinatleastone
dailynewspaper,andthepetitionershallbesubject
tothejurisdictionoftheCourtinthesamemanneras
anyotherbankrupt,andanyproposalwhichmay
havebeenmadeoracceptedorapprovedshallbe
void.
Annotations:
EditorialNotes:
E44
No.463of2013.
Summoningwitnesses.
(1857,s.353inpt.)
107.Theprocedureforsummoningwitnessesin
anarrangementmattershallbethesameasin
bankruptcyandtheCourtshallhavesimilarpowersof
enforcingtheirattendance.
Annotations:
EditorialNotes:
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E45
No.463of2013.
Registrationofarrangements.
(New:cf.1887,c.57,s.7;1890,c.24,s.2)
108.(1)Aregistershallbemaintainedinthe
CentralOfficeforthefilingofmemorandadelivered
tothatofficeundersection90.
(2)Rulesofcourtmayprovideformattersancillary
tothekeepingoftheregister.
Annotations:
EditorialNotes:
E46
No.463of2013.
ExclusionofDeedsofArrangementAct,1887.
(New)
109.TheDeedsofArrangementAct,1887,shall
notapplytoanarrangementunderthisPart.
Annotations:
EditorialNotes:
E47
No.463of2013.
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PARTV
WINDINGUPBYTRUSTEE
Orderforwindingup.
(1872,ss.87122)
110.If,atthestatutorysittingreferredtoin
section17(3)oratanyadjournmentthereof,atleast
threefifthsinnumberandvalueofthecreditors
votingatthemeeting,eitherinpersonorbyaperson
authorisedinwritinginthatbehalf,byresolution
declarethattheestateofthebankruptbewoundup
byatrusteeandacommitteeofinspection,and
appointforthatpurposeatrusteeandacommittee
ofinspectionofnotmorethanfivecreditorsqualified
tovoteatthemeeting,theCourt,onapplication
beingmadetoitinthatbehalf,mayorderthatthe
propertyofthebankruptbesowoundup.
Vestingintrustee.
111.Onthemakingofanorderundersection110
theOfficialAssigneeshallbedivestedoftheproperty
ofthebankruptvestinginhimunderthisActandsuch
propertyshallvestinthetrustee.
Powersoftrustee,etc.
112.(1)Inthewindingupthetrusteeshallbe
subjecttothecontroloftheCourtandhaveregardto
anydirectionsgiventohimbythecommitteeof
inspectionorbyresolutionofthecreditorsatthe
statutorysittingoranysubsequentsitting.
(2)Subjecttosubsection(1),thetrusteeshallhave
allthepowersandmayperformallthefunctions
conferredbythisActontheOfficialAssigneein
relationtopropertyvestedinhimandtheprovisions
ofthisAct(otherthanthoseofPartsIVandVI)shall
apply,withanynecessarymodifications,inrelationto
thewindingupofthepropertyofabankruptbya
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trusteeandacommitteeofinspectionastheyapply
inrelationtotheadministrationofsuchpropertyby
theOfficialAssigneeandthetrusteeshallbe
substitutedfortheOfficialAssigneeinsuchprovisions
whereappropriate.
(3)Thestatutorysittingshallmakeprovisionfor:
(a)theremunerationofthetrustee,
(b)themakingofregularreportsbythetrustee
atsubsequentsittingsinrelationtothe
windingup,
(c)theproceduretobefollowedbythetrustee
inthelodgmentofmoniesreceivedby
him,
(d)theauditofthetrustee'saccounts,and
(e)suchothermattersasmaybeprescribed.
Orderofdischarge.
113.Whenthebankrupt'spropertyhasbeenfully
realisedandafinaldividendhasbeenpaidtothe
creditors,thetrusteeshallreporttotheCourt,and
theCourt,ifsatisfiedthattheestatehasbeenfully
woundup,shalldeclarethebankruptcydischarged
andorderthatthetrusteebereleased.
PowersofCourt.
114.WhereanorderismadeunderthisPartfor
thewindingupofthebankrupt'spropertybya
trusteeandacommitteeofinspection,theCourt
shall,subjecttotheprovisionsofthisPart,have
powertomakesuchordersandgivesuchdirections
inrelationtothebankrupt,hiscreditors,debtorsand
propertyandinrelationtotheexaminationof
persons(includingthebankrupt)andothermattersas
itwouldhavehadifatrusteeandacommitteeof
inspectionhadnotbeenappointedunderthisPart.
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PARTVI
ESTATESOFPERSONSDYINGINSOLVENT
Petitiontoadministerinbankruptcyestateofperson
dyinginsolvent.
(New)
115.(1)Apetitionfortheadministrationunder
thisPartoftheestateofadeceasedpersonmaybe
presentedtotheCourtby
(a)anycreditorwhosedebtwouldhavebeen
sufficienttosupportabankruptcypetition
againstthedeceasedifhehadbeenalive,
or
(b)thepersonalrepresentativeofthedeceased.
(2)Wherethepetitionispresentedbyacreditor,
noticethereofshallbeservedonthepersonal
representativeofthedeceased.
(3)Wherethereisnoknownpersonal
representative,theCourtmaydirectserviceonsuch
personandinsuchmannerasitthinksfitormay
dispensewithservice.
(4)ApetitionforadministrationunderthisPart
shallnotbepresentedtotheCourtafterproceedings
havebeencommencedintheCircuitCourtforthe
administrationofthedeceased'sestate,butthat
courtmay,whensatisfiedthattheestateis
insufficienttopaythedebts,transfertheproceedings
totheCourt,andthereupontheCourtmaymakean
orderfortheadministrationunderthisPartofthe
deceased'sestate.
Effectonpersonalrepresentativeofserviceofnotice
ofpetition.
(New)
116.(1)Afterserviceonthepersonal
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representativeofnoticeofthepresentationofa
petition,nopaymentortransferofpropertymadeby
thepersonalrepresentativeshalloperateasa
dischargetohimasbetweenhimselfandtheOfficial
Assignee.
(2)Exceptasaforesaid,nothinginthisPartshall
invalidateanypaymentmadeoranyactorthingdone
ingoodfaithbythepersonalrepresentativebefore
thedateoftheorderfortheadministrationunder
thisPartofthedeceased'sestate.
OrderforadministrationunderPartVI.
(New)
117.(1)OnpresentationofapetitiontheCourt
may,unlessitappearsthatthereisareasonable
probabilitythattheestatewillbesufficientforthe
paymentofthedeceased'sdebts,makeanorderfor
theadministrationunderthisPartofthedeceased's
estateormay,uponcauseshown,dismissthe
petitionwithorwithoutcosts.
(2)Wherethepetitionispresentedbyacreditor,
heshallprovehisdebttotheCourtbeforeanorderis
made.
(3)Anordermaybemadeunderthissection
notwithstandingthatthereisnoknownpersonal
representativeofthedeceased.
Vestinganddistribution.
(New)
118.(1)Uponanorderbeingmadeforthe
administrationunderthisPartofthedeceased's
estate,hispropertyshallvestintheOfficialAssignee
forrealisationanddistribution.
(2)Section46(whichrelatestoacertificateof
vesting)shallapplytopropertywhichvestsinthe
OfficialAssigneeunderthissection.
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Priorityoffuneralandtestamentaryexpenses.
(New)
119.IntheadministrationunderthisPartofthe
deceased'sestate,theproperfuneraland
testamentaryexpensesincurredshall,
notwithstandinganythingtothecontraryinthisor
anyotherenactment,bepayableinfullinpriorityto
allotherpayments.
ApplicationofAct.
(New)
120.TheprovisionsofthisActshall,sofarasthey
areapplicableandwithappropriatemodifications,
applyinthecaseofanorderforadministrationunder
thisPartastheyapplyinthecaseofanorderof
adjudicationexceptthatsections50,57,58and59
shallnotapply.
Surplus.
(New)
121.(1)Where,ontheadministrationunderthis
Partofthedeceased'sestate,anypropertyremains
vestedin,orinthepossessionorcontrolofthe
OfficialAssigneeafterprovidingfortheexpenses,
feesandcosts,togetherwiththedebtsandliabilities
andinterestattheratecurrentlypayableon
judgmentdebts,theCourtshallorderthepropertyto
bepaidordeliveredtoorvestedinthepersonal
representativeofthedeceasedor,ifthereisno
personalrepresentative,insuchmannerastheCourt
maydirect.
accordingly.
Rightofretainerrestricted.
(cf.27/1965,s.46)
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122.Whereanorderismadeforadministration
underthisPart,therightofretainerofapersonal
representativeshallnotbeexercisablebuthemay
proveanydebtduetohimwhichwouldotherwisebe
provable.
PARTVII
OFFENCES
Punishmentoffraudulentdebtors.
(1872,c.57,s.11;33/1963,s.293)
123.(1)Subjecttosubsection(2),ifabankruptor
arrangingdebtor
(a)failstodisclosetotheCourt,ortotheOfficial
Assigneeortosuchpersonorpersonsas
theCourtfromtimetotimedirects,allhis
propertyandhowandtowhomandfor
whatconsiderationandwhenhedisposed
ofanypartthereof,exceptsuchpartas
hasbeendisposedofintheordinaryway
ofhistrade(ifany)orlaidoutinthe
ordinaryexpenseofhisfamily,or
(b)failstodeliveruptotheOfficialAssignee,or
asheortheCourtdirects,allsuchpartof
hispropertyasisinhispossessionor
underhiscontrol,andwhichheisrequired
bylawtodeliverup,or
(c)failstodeliveruptotheOfficialAssignee,or
asheortheCourtdirects,allbooksand
papersinhispossessionorunderhis
controlrelatingtohisestateandwhichhe
isrequiredbylawtodeliverup,or
(d)concealsanypartofhispropertytothevalue
ofF68[650]orupwards,orconcealsany
debtduetoorfromhim,or
(e)fraudulentlyremovesanypartofhisproperty
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tothevalueofF68[650]orupwards,or
(f)failstofileordeliverastatementofaffairsas
requiredbysection19(c)ormakesany
materialomissioninanystatement
relatingtohisaffairs,or
(g)knowingorbelievingthatafalsedebthas
beenprovedbyanypersonunderthe
bankruptcyorarrangement,failsforthe
periodofamonthtoinformtheOfficial
Assigneethereof,or
(h)preventstheproductionofanybookorpaper
affectingorrelatingtohisestate,or
(i)conceals,destroys,mutilatesorfalsifiesoris
privytotheconcealment,destruction,
mutilationorfalsificationofanybookor
paperaffectingorrelatingtohisestate,or
(j)makesorisprivytothemakingofanyfalse
entryinanybookorpaperaffectingor
relatingtohisestate,or
(k)fraudulentlypartswith,altersormakesany
omissionin,orisprivytothefraudulent
partingwith,alteringormakingany
omissionin,anydocumentaffectingor
relatingtohisestate,or
(l)attemptstoaccountforanypartofhis
propertybyfictitiouslossesorexpenses,
or
(m)obtains,byanyfraudorfalserepresentation,
anypropertyoncredit,or
(n)obtains,underthefalsepretenceofcarrying
onbusinessand,ifatrader,ofdealingin
theordinarywayofhistrade,anyproperty
oncredit,or
(o)pawns,pledgesordisposesofanyproperty
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whichhehasobtainedoncredit,unless,in
thecaseofatrader,suchpawning,
pledgingordisposingisintheordinary
wayofhistrade,or
(p)isguiltyofanyfraudorfalserepresentation
forthepurposeofobtainingtheconsent
ofhiscreditorsoranyofthemtoan
agreementwithreferencetohisaffairsor
thebankruptcyorarrangement;
heshallbeguiltyofanoffence.
(2)Itshallbeagooddefencetoachargeunderany
ofparagraphs(a),(b),(c),(d),(f),(n)and(o)of
subsection(1)iftheaccusedprovesthathehadno
intenttodefraudandtoachargeunderanyof
paragraphs(h),(i)and(j)ofthatsubsectionifhe
provesthathehadnointenttoconcealthestateof
hisaffairsortodefeatthelaw.
(3)(a)Aperson(otherthanabankruptorarranging
debtor)who,withintenttodefraudhiscreditors,
doesanyoftheactsmentionedinparagraphs(e),(i),
(j),(k),(l),(m),(n)or(o)ofsubsection(1),shallbe
guiltyofanoffenceandforthispurposereferencesin
paragraphs(e)or(k)toanactwhichisfraudulentor
iscommittedfraudulentlyshallbeconstruedas
referencestoanactdonewithintenttodefraud
creditors.
(b)Whereapersonreferredtoinparagraph(a)
ofthissubsectiondoesanacttherein
specifiedwithinF69[3years]nextbefore
heisadjudicatedorgrantedanorderfor
protection,itshallbepresumeduntilthe
contraryisprovedthattheactwasdone
withintenttodefraudhiscreditors.
(4)Whereanypersonpawns,pledgesordisposes
ofanypropertyincircumstanceswhichamounttoan
offenceunderparagraph(o)ofsubsection(1)or
undersubsection(3),everypersonwhotakesinpawn
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orpledgeorotherwisereceivesthepropertyknowing
ittobepawned,pledgedordisposedofinsuch
circumstancesasaforesaidshallalsobeguiltyofan
offenceandshallbeliabletobepunishedinthesame
wayasifhehadbeenguiltyofanoffenceunderthe
saidparagraph(o)orsubsection(3).
Annotations:
Amendments:
F68
2001(16/2001),s.1(3)andschs.3,4,commencedaspers.
1(3).
F69
(44/2012),s.158,S.I.No.462of2013.
Abscondingdebtor.
(1872,c.57,s.12)
124.Ifanypersonwithintenttodefraudhis
creditorsleavestheStateandtakeswithhim,or
attemptsormakespreparationtoleavetheStateand
takewithhim,anypartofhispropertytotheamount
ofF70[650]orupwards,heshallbeguiltyofan
offence.
Annotations:
Amendments:
F70
1(3).
Corruptagreementwithcreditors.
(cf.1857,s.150inpt.;1872,s.76)
125.Ifanycreditorofabankruptoranarranging
debtorobtainsoracceptsanypropertyfromthe
bankruptorarrangingdebtororanyotherpersonas
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aninducementforforbearingtoopposeorfor
acceptinganyofferofcompositionorproposalorany
modificationthereofmadebyoronbehalfofthe
bankruptorarrangingdebtor,theclaimofthe
creditorshallbevoidandirrecoverableandthe
creditorandsuchotherperson(ifany)shalleachbe
guiltyofanoffence.
Falseclaim.
(1872,c.57,s.14)
126.Ifanycreditor,oranypersonclaimingtobe
acreditor,inanybankruptcyorarrangementwith
intenttodefraudmakesanyfalseclaimoranyproof,
declarationorstatementofaccountwhichisuntrue
inanymaterialparticular,heshallbeguiltyofan
offence.
Nondisclosureofafteracquiredproperty.
(New)
127.Abankruptwhofailstodisclosetothe
OfficialAssigneeanyafteracquiredpropertyshallbe
guiltyofanoffence.
Obstructingofficers.
(cf.1857,s.389)
128.Anypersonwhoknowinglyandwilfully
resists,hindersorobstructstheBankruptcyInspector
oranyofhisassistantsoranyotherpersoninthe
executionofhisdutiesunderthisActshallbeguiltyof
anoffence.
Obtainingcreditortradingunderothername.
(New)
129.Abankruptoranarrangingdebtorwho
(a)eitheraloneorjointlywithanyotherperson
obtainscredittotheextentofF71[650]
orupwardsfromanypersonwithout
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informingthatpersonthatheisa
bankruptoranarrangingdebtor,or
(b)engagesinanytradeorbusinessundera
nameotherthanthatunderwhichhewas
adjudicatedbankruptorgranted
protectionwithoutdisclosingtoall
personswithwhomheentersintoany
businesstransactionsthenameunder
whichhewassoadjudicatedorgranted
protection,
shallbeguiltyofanoffence.
Annotations:
Amendments:
F71
1(3).
F72[Arrangingpublicationofnoticewithout
authority
130.Apersonwho
(a) arranges for or causes the publication of a
noticeunderthisAct
(i)intheIrisOifigiil,
(ii)inanewspaper,or
(iii) on the website of the Insolvency
ServiceofIreland,
withoutauthorityunderthisAct,or
(b) arranges or causes the publication of such a
notice,knowingthatthecontentsof such
noticearefalseinamaterialrespect,
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shallbeguiltyofanoffence.]
Annotations:
Amendments:
F72
Provisions)Act2013(46/2013),s.10(c),commencedasper
s.11(4).
Criminalliabilityafterannulment.
(New)
131.Whereabankruptorarrangingdebtorhas
beenguiltyofanyoffence,heshallnotbeexempt
frombeingproceededagainstfortheoffenceby
reasonthathisbankruptcyhasbeendischargedor
annulledorthathisproposalhasbeencarriedinto
effect.
Punishmentofoffences.
(New)
132.(1)Everypersonguiltyofanoffenceunder
thisActshallbeliable
(a)onsummaryconviction,toafinenot
exceeding500or,atthediscretionofthe
Court,toimprisonmentforatermnot
exceedingtwelvemonthsortoboththe
fineandtheimprisonment,or
(b)onconvictiononindictment,toafinenot
exceeding1,000or,atthediscretionof
theCourt,toimprisonmentforatermnot
exceedingfiveyearsortoboththefine
andtheimprisonment.
(2)Section13oftheCriminalProcedureAct,1967,
shallapplyinrelationtoanoffenceunderthisActas
if,inlieuofthepenaltiesprovidedforinsubsection
(3)ofthesaidsection,therewerespecifiedtherein
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thepenaltiesprovidedforinsubsection(1)(a)ofthis
section,andthereferenceinsubsection(2)(a)ofthe
saidsection13tothepenaltiesprovidedforinthe
saidsubsection(3)shallbeconstruedandhaveeffect
accordingly.
Annotations:
C42
Applicationofsectionaffected(4.01.2011)byFinesAct
2010(8/2010),ss.3,6(2),(3)and9,S.I.No.662of2010.
TheEuroequivalentof500is634.87andof1,000is
1,269.74.
Definitions
3.InthisPart...
classCfinemeansafinenotexceeding2,500;
...
ClassCFines
6....
(2) Subject to subsection (3), where an enactment
enactedduringaperiodspecifiedincolumn(2)oftheTable
oppositeaparticularreferencenumberspecifiedincolumn
(1) of the Table provides that a person who commits an
offenceundertheenactmentshallbeliable,uponsummary
conviction, to a fine not exceeding an amount that falls
withintherangeofamountsspecifiedincolumn(3)ofthe
Tableoppositethesamereferencenumber,apersonwho
commitsthatoffenceafterthecommencementdateshall,
upon summary conviction, not be liable to that fine, but
shallinsteadbeliabletoaclassCfine.
(3) Where an enactment enacted before the
commencementdateprovidesthatapersonwhocommits
an offence under the enactment shall be liable, upon
summary conviction, to a fine not exceeding an amount
that
(a) was provided for by virtue of a subsequent
enactmentenactedduringaperiodspecifiedin
column (2) of the Table opposite a particular
referencenumberspecifiedincolumn(1)ofthe
Table,and
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(b) falls within the range of amounts specified in

column (3) of the Table opposite the same
referencenumber,
a person who commits that offence after the
commencement date shall, upon summary conviction, not
beliabletothatfinebutshallinsteadbeliabletoaclassC
fine.
Reference
Number
(1)
...
3.
...
TABLE
Period
(2)
...
1January
1980to31
December
1989
...
Rangeofamounts
(3)
...
Notgreaterthan1,455
butgreaterthan582
...
...
Increaseinamountofcertainfinesuponconvictionon
indictment.
9. (1) Subject to subsection (2), where the maximum
fine upon conviction on indictment of an offence is
specifiedinanenactmentthatwasenactedduringaperiod
specified in column (2) of the Table opposite a particular
reference number specified in column (1) of the Table, a
person who commits that offence after the
commencement date shall not be liable to that fine, but
shall,instead,beliable,uponconvictiononindictment,toa
finenotexceedinganamountcalculatedbymultiplyingthe
saidmaximumfinebythemultiplierspecifiedincolumn(3)
oftheTableoppositethesamereferencenumber.
(2) Where the maximum fine upon conviction on
indictment of an offence specified in an enactment was
providedforbyvirtueofasubsequentenactmentthatwas
enactedduringaperiodspecifiedincolumn(2)oftheTable
oppositeaparticularreferencenumberspecifiedincolumn
(1)oftheTable,apersonwhocommitsthatoffenceafter
thecommencementdateshallnotbeliabletothatfine,but
shall,instead,beliable,uponconvictiononindictment,toa
finenotexceedinganamountcalculatedbymultiplyingthe
saidmaximumfinebythemultiplierspecifiedincolumn(3)
oftheTableoppositethesamereferencenumber.
ReferenceNumber
(1)
...
TABLE
Period
(2)
...
Multiplier
(3)
...
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2.
1January1980to31
December1989
...
...
2
...
PARTVIII
MISCELLANEOUS
Limitationofactions.
(New)
133.TheOfficialAssigneeshallnotbeatrustee
forthepurposesoftheStatuteofLimitations,1957.
Proceedingsinprivate.
(cf.1857,s.354inpt.)
134.TheCourtmaydirectthatthewholeorany
partofanysittingoftheCourtorproceedinginany
matterunderthisActshallbeinprivate.
PowerofCourttoreviewitsorders.
(cf.1872,s.6;1897,ss.3,4)
135.TheCourtmayreview,rescindorvaryan
ordermadebyitinthecourseofabankruptcymatter
otherthananorderofdischargeorannulment.
Effectofadjudicationoncreditors'remedies.
(cf.1857,s.262;1872,s.68inpt.)
136.(1)Onthemakingofanorderof
adjudication,acreditortowhomthebankruptis
indebtedforanydebtprovableinbankruptcyshall
nothaveanyremedyagainstthepropertyorperson
ofthebankruptinrespectofthedebtapartfromhis
rightsunderthisAct,andheshallnotcommenceany
proceedingsinrespectofsuchdebtunlesswiththe
leaveoftheCourtandonsuchtermsastheCourt
mayimpose.
(2)Thissectionshallnotaffectthepowerofa
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securedcreditortorealiseorotherwisedealwithhis
securityinthesamemannerashewouldhavebeen
entitledtorealiseordealwithitifthissectionhadnot
beenenacted.
Powertostayorrestrainproceedingsagainst
bankrupt.
(New:cf.33/1963,s.217)
137.(1)TheOfficialAssigneemay
(a)whereanyproceedingsagainstthebankrupt
arependingintheHighCourtoronappeal
intheSupremeCourt,applytothecourtin
whichtheproceedingsarependingfora
stayofproceedingstherein,and
(b)whereanyotherproceedingsarepending
againstthebankrupt,applytotheHigh
Courttorestrainfurtherproceedings
therein,
andthecourttowhichtheapplicationismademay
granttheapplicationonsuchtermsandforsuch
periodasitthinksfit.
(cf.1857,s.262inpt.)
(2)Whereanyproceedingsagainstabankruptare
stayedorrestrainedinpursuanceofsubsection(1),
thefollowingprovisionsshallhaveeffect:
(a)thecreditorshallnotbeliableforanycosts
incurredbythebankruptortheOfficial
Assigneeinsuchproceedings;
(b)iftheproceedingshavebeeninstituted
againstthebankruptjointlywithanyother
person,theproceedingsagainstthatother
personshallnottherebybeaffected.
Windingupofpartnershipsanddeceasedpersons'
estates.
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(New)
138.(1)TheCourtmay,upongivingnoticeto
suchpersonsasitmaydirect,makesuchordersand
givesuchdirectionsasitthinksproperforwindingup
andsettlingtheaffairsofanypartnershiporthe
estateofadeceasedpersoninwhichthebankrupt
hasaninterest.
(2)Allconsequentialaccountsandenquiriesshall
betakenandmadeinsuchofficeoftheCourtasthe
Courtmaydirect.
Prohibitionondistressafteradjudicationor
protection.
(New)
139.Nodistressshallbeleviedonthegoodsofa
bankruptoranarrangingdebtorafterthedateofthe
adjudicationororderforprotection.
Evidenceofdeceasedperson.
(1857,s.365)
140.Inthecaseofthedeathofanywitnesswho
hasmadeadepositioninanyproceedingunderthis
Actthedeposition,purportingtobesealedwiththe
sealoftheCourt,oracopythereofpurportingtobe
sosealed,shallbeevidenceofthematterstherein
deposedto.
F73[Registrationofjudgmentsgivenininsolvency
proceedings.
140A.(1)WithoutprejudicetoArticle16(1)of
theInsolvencyRegulation,aliquidatorwhointends
(a)torequestunderArticle21oftheRegulation
thatnoticeofthejudgmentopeningthe
insolvencyproceedingsconcernedand,
whereappropriate,thedecision
appointinghimorherbepublishedinthe
State,or
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(b)totakeanyotheractionintheStateunder
theRegulation,
shalldelivertotheOfficialAssignee,forregistration
inaregistertobekeptforthatpurpose,aduly
certifiedcopyofthejudgmentand,where
appropriate,ofthedecisionappointingtheliquidator.
F74[(1A) The register referred to in subsection (1)
maybekeptinelectronicformat.]
(2)Registrationundersubsection(1)mayalsobe
effectedbytheOfficialAssigneeonapplicationbya
liquidatorwhodoesnotintendtotakeanyactionin
theStateundertheInsolvencyRegulation.
(3)Thecertifiedcopyorcopiesmentionedin
subsection(1)shallbeaccompaniedby
(a)ifthejudgmentordecisionisnotexpressedin
IrishorEnglish,atranslation,certifiedto
becorrectbyapersoncompetenttodo
so,intoeitherofthoselanguages,
(b)theprescribedform,and
F75[(c) any fee prescribed for that purpose by
theInsolvencyServiceofIreland.]
(4)TheOfficialAssigneeshallissuetotheliquidator
acertifiedcopyoftheentryintheregister.
F75[(5) The register shall be open to public
inspectiononpaymentofsuchfee(ifany)asmaybe
prescribedforthatpurposebytheInsolvencyService
ofIreland.]
(6)Acopyofanentryintheregistershallbe
supplied,onrequest,bytheOfficialAssignee.
(7)Inanyproceedingsadocumentpurportingtobe
(a)adulycertifiedcopyofajudgmentopening
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insolvencyproceedingsoradecision
appointingaliquidatorinsuch
proceedings,or
(b)atranslationofsuchadocumentwhichis
certifiedascorrectbyapersoncompetent
todoso,
shall,withoutfurtherproof,beadmissibleas
evidenceofthejudgment,theliquidator's
appointmentorthetranslation,unlessthecontraryis
shown.]
Annotations:
Amendments:
F73
3(c).
F74
Inserted(24.12.20103)byCompanies(Miscellaneous
Provisions)Act2013(46/2013),s.10(d)(i),commencedas
pers.11(4).
F75
Provisions)Act2013(46/2013),s.10(d)(ii),(iii),commenced
aspers.11(4).
F76[Publicationinrelationtoinsolvency
proceedings.
140B.(1)Inthissectionpublicationmeans
publicationof
(a)noticeofthejudgmentopeningthe
insolvencyproceedingsconcerned,
(b)whereappropriate,thedecisionappointing
theliquidator,
(c)thenameandbusinessaddressofthe
liquidator,and
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(d)theprovision(eitherparagraph1or
paragraph2)ofArticle3oftheInsolvency
Regulationgivingjurisdictiontoopenthe
proceedings,
F77[intheprescribedmanner
(i)intheIrisOifigiil,and
(ii)ineither
(I) at least one daily newspaper
circulatingintheState,or
(II) on the website of the Insolvency
ServiceofIreland.]
(2)Withoutprejudicetosection140A(1),
publicationshallbeeffectedbytheliquidator
concerned.
(3)Wherethedebtorhasanestablishment(within
themeaningofArticle2(h)oftheInsolvency
Regulation)intheState,theliquidatororany
authoritymentionedinArticle21(2)oftheRegulation
shallensurethatpublicationtakesplaceassoonas
practicableaftertheopeningoftheinsolvency
proceedings.]
Annotations:
Amendments:
F76
3(c).
F77
Provisions)Act2013(46/2013),s.10(e),commencedasper
s.11(4).
F78[ProvisionofcertaindocumentstoOfficial
Assignee.
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140C.Where
(a)adebtorisadjudicatedbankrupt,
(b)theCourtapprovesofaproposalforvesting
thepropertyofadebtorintheOfficial
AssigneeunderPartIV,or
(c)anorderismadebytheCourtforthe
administrationunderPartVIofa
deceased'sestate,
theCourtshall,onapplicationbytheOfficial
Assignee
(i)certifythattheOfficialAssigneeisthe
liquidatorwithinthemeaningofthe
InsolvencyRegulation,beingtheperson
whosefunctionitistoadministeror
liquidatetheassetsofthedebtor,or
deceaseddebtor,concerned,and
(ii)arrangeforacertifiedcopyoftheordermade
forthepurposesofparagraph(a),(b)or(c)
tobesuppliedtotheOfficialAssignee.]
Annotations:
Amendments:
F78
3(c).
F79[Publicationofcertainnoticestobeevidence
141.AnoticepublishedpursuanttothisAct
(a)intheIrisOifigiil,
(b)inadailynewspapercirculatingintheState,
or
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(c) on the website of the Insolvency Service of

Ireland,
shall be evidence of the matters contained in the
notice.]
Annotations:
Amendments:
F79
Provisions)Act2013(46/2013),s.10(f),commencedasper
s.11(4).
Actinginaidofothercourts.
(1872,s.71)
142.(1)TheCourtanditsofficersmayactinaid
ofanycourtinF80[]theIsleofManortheChannel
Islands,anditsofficersrespectively,attherequestof
suchcourt,inanybankruptcymatterbeforesuch
court,andtheCourtanditsofficerssoactingshall
havethelikejurisdictionandauthorityasinthecase
ofabankruptcyoriginatingunderanorderofthe
Court.
(2)(a)TheGovernmentmaybyorderapply
subsection(1)inrelationtoanyother
jurisdictionwheretheGovernmentare
satisfiedthatreciprocalfacilitiestothat
effectwillbeaffordedbythatjurisdiction.
(b)Anorderunderthissubsectionmaybe
madesubjecttosuchconditions,
exceptionsandqualificationsasmaybe
specifiedintheorder.
(c)TheGovernmentmaybyorderamendor
revokeanorderunderthissubsection.
(d)Anorderunderthissubsectionshallhave
theforceoflawinaccordancewithits
terms.
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(e)Ontherevocationofanorderapplying
subsection(1)inrelationtoany
jurisdiction,thatsubsectionshallceaseto
applyinrelationtothatjurisdiction.
(f)Everyorderunderthissubsectionshallbe
publishedinIrisOifigiilassoonasmay
be.
Annotations:
Amendments:
F80
Deleted(2.07.2002)byEuropeanCommunities(Personal
3(d).
Alterationofmonetarylimits.
(New)
143.TheMinistermaybyorderincreaseor
reduceanyofthesumsspecifiedinsections8(1)(a)
and(2),11(1)(a),15,39(4),45(1),61(3)(h)and(k),
81(1)(b)and(c),92(2),95(2),and101,butsuchan
ordershallnotaffectanycaseinwhichapersonwas
adjudicatedbankruptorgrantedprotectionbeforeit
cameintoforce.
Annotations:
EditorialNotes:
E48
Powerpursuanttosectionexercised(1.01.2002)by
BankruptcyAct,1988(AlterationofMonetaryLimits)Order
2001(S.I.No.595of2001).
F81[Regulationsandorders
144.(1)AregulationunderthisActmaycontain
such incidental, supplementary and consequential
provisions as the Minister considers necessary or
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expedientforthepurposesoftheregulations.
(2)EveryregulationmadeunderthisActandevery
ordermadeundersection142(2)or143shallbelaid
beforeeachHouseoftheOireachtasassoonasmay
be after it is made and, if a resolution annulling the
order or regulation is passed by either such House
withinthenext21daysonwhichthatHousehassat
after the order or regulation is laid before it, the
order or regulation shall be annulled accordingly but
without prejudice to the validity of anything
previouslydonethereunder.]
Annotations:
Amendments:
F81
No.463of2013.
FIRSTSCHEDULE
PROOFOFDEBTS
Section76.
General
(New)
1.Everycreditorshallprovehisdebtandacreditor
whodoesnotdosoisnotentitledtoshareinany
distributionthatmaybemade.
2.(a)Acreditormayprovehisdebtbydeliveringor
sendingbyposttotheOfficialAssigneeparticularsof
hisdebt(inthisSchedulereferredtoasaproofof
debt).
(b)Subparagraph(a)iswithoutprejudicetothe
entitlementofacreditortoprovehisdebt
atasittingoftheCourt.
3.TheOfficialAssigneemayfixatimewithinwhich
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proofsofdebtshallbesenttohim.Aproofsubmitted
thereaftershallnotbeallowedexceptbyorderofthe
Court.
4.Proofofdebtmaybefurnishedbywayofa
detailedstatementofaccount,anaffidavitofdebtor
otherprescribedmeans.
5.Thecreditorshallspecifythevouchersorany
otherevidencebywhichthedebtcanbe
substantiated.Heshallalsogiveparticularsofany
counterclaimthat,tohisknowledge,thebankruptor
arrangingdebtormayhave,andheshallindicate
whetherornotheisasecuredcreditor.
6.Proofofdebtinrespectofmoneylentbya
moneylendershallhaveannexedtheretothe
particularsrequiredbysection16(2)ofthe
MoneylendersAct,1933.
7.Anaffidavitshallberequiredinanycasewhere
thedebtisdisputedortheCourtortheOfficial
Assigneethinksfit.
(1857,s.246)
8.Proofofdebtmaybegivenbytheoathor
affidavitofthecreditorhimselforbytheoathor
affidavitofsomepersonauthorisedbyoronbehalfof
thecreditorand,ifmadebyapersonsoauthorised,
shallstatehisauthorityandmeansofknowledge.
9.Subjecttoparagraph24(5),acreditormay,with
theconsentoftheOfficialAssignee,amendhisproof
ofdebt.
10.Everycreditorwhohaslodgedaproofofdebtis
entitledtoseeandexaminetheproofsofother
creditors.
F82[11.Apersonmayproveadebtagainsthisor
herspouseasiftheywerenotmarried.]
(New)
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12.Asoletrustee(includingapersonal
representative)whoisabankruptoranarranging
debtorshallbeentitled,withoutleaveoftheCourt,to
proveinhisownbankruptcyorarrangementin
respectofadebtduefromhimtothetrustestate.
Anydividendinrespectofsuchadebtshallbepaidto
theAccountantoftheHighCourtforcreditofthe
trustestate.
(1872,s.48)
13.Ifanybankruptorarrangingdebtor,atthedate
oftheadjudicationororderforprotection,isliablein
respectofdistinctcontracts,asamemberoftwoor
moredistinctfirms,orasasolecontractor,andalso
asmemberofafirm,thecircumstancethatsuchfirms
are,inwholeorinpart,composedofthesame
individuals,orthatthesolecontractorisalsooneof
thejointcontractors,shallnotpreventproofin
respectofsuchcontractsagainsttheproperties
respectivelyliableuponsuchcontracts.
(cf.1857,s.260)
14.Onanydebtorsumcertain,payableata
certaintimeorotherwise,whereoninterestisnot
reservedoragreedfor,andwhichisoverdueatthe
dateoftheadjudication,thecreditormayprovefor
interestattheratecurrentlypayableonjudgment
debtstothatdatefromthetimewhenthedebtor
sumwaspayable,ifthedebtorsumispayableby
virtueofawritteninstrumentatacertaintime,andif
payableotherwise,thenfromthetimewhena
demandinwritinghasbeenmade,givingnoticethat
interestwillbeclaimedfromthedateofthedemand
untilthetimeofpayment.
(cf.1857,s.252)
15.Inrespectofdebtsdueaftertheadjudicationor
orderforprotection,theliabilityforwhichexistedat
thedateofsuchadjudicationororderforprotection,
acreditormayproveforthevalueofthedebtatthat
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date.
16.Whereapersonwhoisliabletomakeany
periodicalpayment(includingrent)isadjudicated
bankruptorisgrantedanorderforprotectionona
dayotherthanthedayonwhichsuchpayment
becomesdue,thepersonentitledtothepayment
mayproveforaproportionatepartofthepayment
fortheperiodfromthedatewhenthelastpayment
becameduetothedateoftheadjudicationororder
forprotectionasifthepaymentaccruedduefrom
daytoday.
(1857,s.251)
17.(1)Wheretherearemutualcreditsordebtsas
betweenabankruptandanypersonclaimingasa
creditor,onedebtordemandmaybesetoffagainst
theotherandonlythebalancefoundowingshallbe
recoverableononesideortheother.
(2)Section36oftheCivilLiabilityAct,1961(which
providesforthesetoffofclaims),asamendedby
section5oftheCivilLiability(Amendment)Act,1964,
shallapplywiththesubstitutioninsection36(3)ofa
referencetosubparagraph(1)forthereferenceto
section251oftheIrishBankruptandInsolventAct,
1857.
18.ThisScheduleiswithoutprejudicetosection61
oftheCivilLiabilityAct,1961(whichprovidesfor
proofofclaimsfordamagesorcontributioninrespect
ofawrong)andsection62ofthesaidAct(which
providesfortheapplicationofmoneyspayableunder
certainpoliciesofinsurancewheretheinsured
becomesabankrupt).
19.Acreditorshall,unlesstheCourtotherwise
orders,bearhisowncostsofprovingadebt.
(1857,s.246)
20.Anypersonseekingtoproveadebtorfrom
whomadditionalproofisrequired,oranyother
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person,maybeexaminedbytheCourtinrelation
thereto.
21.Whereacreditororotherpersonwithintentto
defraudmakesanyfalseclaimoranyproof,
declarationorstatementofaccountbeforetheCourt
orinhisaffidavitwhichisuntrueinanymaterial
particularinconnectionwiththeproofofdebts,the
Courtmay,inadditiontoanyotherpenaltyprovided
inthisAct,disallowtheclaiminwholeorinpart.
22.Beforedecidingonaclaim,theOfficialAssignee
mayrequireacreditortofurnishadditional
informationorproofortoattendbeforehim.
23.TheOfficialAssigneeshalldealinthefollowing
mannerwithclaims:
(a)Heshallpreparealistcertifiedbyhimofthe
claims.
(b)Thislistshallrecord
(i)theclaimsallowedbyhim,whichshallbe
deemedtobeadmitted,and
(ii)theclaimseitherdisallowedbyhimor
whichheconsidersshouldnotbe
admittedwithoutreferencetothe
Court.
(c)HeshallreferdisputeddebtstotheCourtfor
adjudication.
(d)ThedecisionoftheOfficialAssigneeinregard
toaclaimshallbeconfirmedinwritingto
thecreditor.
(e)Anypersonaggrievedbythedecisionofthe
OfficialAssigneemayappealtotheCourt.
(f)TheOfficialAssigneeshallplaceacopyofthe
listontheCourtfile.
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(g)Thelistshallbeopentopublicinspectionon
paymentofaprescribedfeebutnofee
shallbechargedtocreditorsinspecting
thelist.
SecuredCreditors
(1872,s.21)
24.(1)Ifasecuredcreditorrealiseshissecurity,he
mayproveforthebalanceduetohimafterdeducting
thenetamountrealisedandreceivedividends
thereonbutnotsoastodisturbanydividendthen
alreadydeclared.Ifhesurrendershissecurityforthe
generalbenefitofthecreditors,hemayproveforhis
wholedebt.
(2)Ifasecuredcreditordoesnoteitherrealiseor
surrenderhissecurity,heshall,beforerankingfor
dividend,stateinhisprooftheparticularsofhis
security,thedateonwhichitwasgivenandthevalue
atwhichheassessesit,andheshallbeentitledto
receiveadividendonlyinrespectofthebalancedue
tohimafterdeductingthevaluesoassessed.
(3)Asecuredcreditorshallnotbeentitledto
surrenderhissecurityafterthetimefixedbythe
OfficialAssigneeforreceiptofproofsofdebt,except
byorderoftheCourt.
(4)(a)Whereasecurityisvaluedbythecreditor,
theOfficialAssigneemayatanytime
redeemitonpaymenttothecreditorof
theassessedvalue.IftheOfficialAssignee
isdissatisfiedwiththeassessedvaluehe
mayrequirethatthepropertycomprised
inanysecuritysovaluedbeofferedfor
saleatsuchtimeandonsuchtermsand
conditionsasmaybeagreedupon
betweenhimandthecreditoror,in
defaultofagreement,astheCourtmay
direct.Ifthesalebebypublicauctionthe
creditor,ortheOfficialAssigneeonbehalf
oftheestate,maybidorpurchase.
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(b)Thecreditormay,however,atanytimeby
noticeinwritingrequiretheOfficial
Assigneetoelectwhetherhewillorwill
notexercisehispowerofredeemingthe
securityorrequiringittobeofferedfor
sale,andiftheOfficialAssigneedoesnot,
withinthreemonthsafterreceivingthe
notice,signifyinwritingtothecreditorhis
electiontoexercisethepower,heshall
notbeentitledtoexerciseit;andthe
equityofredemption,oranyother
interestinthepropertycomprisedinthe
securitywhichisvestedintheOfficial
Assignee,shallvestinthecreditorandthe
amountofhisdebtshallbereducedbythe
amountatwhichthesecurityhasbeen
valued.
(5)Whereacreditorhasvaluedhissecurityhemay
atanytimeamendthevaluationandproofon
showingtothesatisfactionoftheOfficialAssignee,or
theCourt,thatthevaluationandproofweremade
bonafideonamistakenestimate,buteverysuch
amendmentshallbemadeatthecostofthecreditor,
anduponsuchtermsastheCourtshallorder,unless
theOfficialAssigneeallowstheamendmentwithout
applicationtotheCourt.
(6)Whereavaluationhasbeenamendedin
accordancewithsubparagraph(5),thecreditorshall
forthwithrepayanysurplusdividendwhichhemay
havereceivedinexcessofthattowhichhewould
havebeenentitledontheamendedvaluationor,as
thecasemaybe,shallbeentitledtobepaid,outof
anymoneyforthetimebeingavailablefordividend,
anydividendorshareofdividendwhichhehasnot
receivedbyreasonoftheinaccuracyoftheoriginal
valuationbeforethatmoneyismadeapplicabletothe
paymentofanyfuturedividendbutheshallnotbe
entitledtodisturbthedistributionofanydividend
declaredbeforethedateoftheamendment.
(7)Ifacreditorhavingvaluedhissecurity
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subsequentlyrealisesit,orifitisrealisedunderthe
provisionsofsubparagraph(4),thenetamount
realisedshallbesubstitutedfortheamountofany
valuationpreviouslymadebythecreditor,andshall
betreatedinallrespectsasanamendedvaluation
madebythecreditor.
(8)Ifitisfoundatanytimethattheaffidavitmade
byoronbehalfofasecuredcreditorhasomittedto
statethatheisasecuredcreditor,suchcreditorshall
surrenderhissecuritytotheOfficialAssigneeforthe
generalbenefitofthecreditorsunlesstheCourton
applicationotherwiseorders,andtheCourtmay
allowtheaffidavittobeamendeduponsuchtermsas
torepaymentofanydividendorotherwiseasthe
Courtmayconsiderjust.
(9)Ifasecuredcreditordoesnotcomplywith
subparagraph(8),heshallbeexcludedfromallshare
inanydividend.
(10)Subjecttotheprovisionsofsubparagraph(4),
thecreditorshallinnocasereceivemorethan
F83[oneeurointheeuro]andinterest,wherethe
creditorisentitledtoproveforinterest.
(11)Whereamortgageeholdsassecurityapolicy
ofassuranceonthelifeofabankruptoranarranging
debtorwhichintheeventofthenonpaymentof
premiumsprovidesfortheirautomaticdischargeout
ofmoneyspayableunderthepolicy,thevalueofthe
policyforthepurposeofprovinginthebankruptcyor
arrangementshallbetakentobenotlessthanthe
valueasatthedateofadjudicationororderfor
protection;providedthat,ifthebankruptorarranging
debtordiesbeforethepolicyissurrendered,the
mortgageemayapplytotheCourtforthepurposeof
revaluinghissecurity.
Annotations:
Amendments:
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F82
Substituted(16.11.2015)byMarriageAct2015(35/2015),
s.18,S.I.No.504of2015.
F83
2001(16/2001),s.7(3),commencedaspers.7(1).
C43
Applicationofscheduleextendedwithmodifications
(31.07.2013)byPersonalInsolvencyAct2012(44/2012),ss.
64(2)(a),(3)and98(2)(a),(3),S.I.No.285of2013.
Actionstobetakenbypersonalinsolvencypractitioner
followingissueofprotectivecertificate.
64....
(2)(a)Apersonalinsolvencypractitionermayinanycase
requestacreditortofileaproofofdebtandthe
debtshallbeprovedinthesamemannerasa
debtofabankruptisprovedunderthe
BankruptcyAct1988and,subjecttosubsection
(3),paragraphs1to22oftheFirstScheduleof
thatActshallapplywithallnecessary
modificationstotheproofofsuchdebts.
...
(3)InapplyingtheFirstScheduleoftheBankruptcyAct
1988toproofofdebtsunderthissection
(a)areferenceinthatScheduletotheCourtandthe
OfficialAssigneeshallbereadasareferenceto
thepersonalinsolvencypractitioner,and
(b)areferencetoabankruptshallbereadasthe
referencetothedebtortowhomtheproposal
foraDebtSettlementArrangementrelates.
...
Actionstobetakenbypersonalinsolvencypractitioner
followingissueofprotectivecertificate.
98....
(2)(a)Apersonalinsolvencypractitionermayinanycase
requestacreditortofileaproofofdebtandthedebtshall
beprovedinthesamemannerasadebtofabankruptis
provedundertheBankruptcyAct1988andsubjectto
subsection(3)paragraphs1to22oftheFirstScheduleof
thatActshallapplywithallnecessarymodificationstothe
proofofsuchdebts.
176/179
1/20/2016
BANKRUPTCYACT1988
...
(3)InapplyingtheFirstScheduleoftheBankruptcyAct
1988toproofofdebtsunderthissection
(a)areferenceinthatScheduletotheCourtandthe
OfficialAssigneeshallbereadasareferenceto
thepersonalinsolvencypractitioner,and
(b)areferencetoabankruptshallbereadasa
referencetothedebtortowhomtheproposal
foraPersonalInsolvencyArrangementrelates.
SECONDSCHEDULE
REPEALS
Section6.
Sessionand
Chapteror
Yearand
Number
ShortTitle
ExtentofRepeal
20and21
Vict.c.60
IrishBankrupt
andInsolvent
Act,1857
ThewholeAct
35and36
Vict.c.57
DebtorsAct
(Ireland),1872
Sections11and
12,and14to
22
35and36
Vict.c.58
Bankruptcy
(Ireland)
Amendment
Act,1872
ThewholeAct
51and52
Vict.c.44
LocalBankruptcy
(Ireland)Act,
1888
ThewholeAct
52and53
Vict.c.60
Preferential
Paymentsin
Bankruptcy
(Ireland)Act,
1889
ThewholeAct
177/179
1/20/2016
BANKRUPTCYACT1988
53and54
Vict.c.24
Deedsof
Arrangement
Amendment
Act,1890
ThewholeAct
1926,No.
27
CourtOfficers
Act,1926
Section12
1937,No.3
CircuitCourt
(Registration
ofJudgments)
Act,1937
Section3
1946,No.
16
HirePurchase
Act,1946
Section17(1)so
farasitrefers
tosection313
oftheIrish
Bankruptand
InsolventAct,
1857
1947,No.
14
Agricultural
CreditAct,1947
Section32(3)
1954,No.
26
ArbitrationAct,
1954
Insection11(1)
thewords
fromand
includesto
theendofthe
subsection.
1961,No.
39
Courts
(Supplemental
Provisions)
Act,1961
Insection23:
subsection(3)
andthe
referenceto
theCorkLocal
Bankruptcy
Courtin
subsections
(4),(5)and(6)
1963,No.
CompaniesAct,
Insection286
178/179
1/20/2016
BANKRUPTCYACT1988
33
1963
(1),thewords
the
presentation
ofa
bankruptcy
petitionon
whichSection
345(8)
1971,No.
24
CentralBank
Act,1971,1971
Section28(2)
1981,No.
11
CourtsAct,1981
Section26
Annotations:
179/179

Bankruptcy Act 1988 Updated To 16 November 2015

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Bankruptcy Act 1988 Updated To 16 November 2015

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receiver under either of those sections shall not be

(ii) to the position of Official Assignee pursuant

summons under section 8 of the Bankruptcy Act 1988 or

connection with a proposal for a Debt Settlement

and where the Court forms such an opinion the

or exercise the option referred to in

materially contributing to the

(ii) substantially reducing the sum

(9) In this section and sections 60A to 60C a

whom this section applies shall be seconded to the

(a) the person who immediately before the

sell, transfer or otherwise dispose of property or

(7) The Minister may, following consultation with

Personal Insolvency Act 2012 where the order of

(b) falls within the range of amounts specified in

(c) on the website of the Insolvency Service of

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