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  2. United Kingdom insolvency law - Wikipedia

    en.wikipedia.org/wiki/United_Kingdom_insolvency_law

    Since the 1970s, particularly from the time of the Bankruptcy Reform Act of 1978 in the United States, and since the Insolvency Act 1986 in the UK, two broad strands of thought emerged. The first and very prominent view, stemming primarily from work by Thomas H. Jackson and Douglas Baird is known as the "creditors' bargain model". [ 222 ]

  3. Bankruptcy in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_in_the_United...

    In England and Wales, bankruptcy is governed by Part IX of the Insolvency Act 1986 (as amended) and by the Insolvency Rules 1986 (as amended). The term bankruptcy applies only to individuals, not to companies or other legal entities. An individual may be made bankrupt only by court order following the presentation of a bankruptcy petition.

  4. Administration in United Kingdom law - Wikipedia

    en.wikipedia.org/wiki/Administration_in_United...

    Administration in United Kingdom law is the main kind of procedure in UK insolvency law when a company is unable to pay its debts. The management of the company is usually replaced by an insolvency practitioner whose statutory duty is to rescue the company, save the business, or get the best result possible.

  5. Bankruptcy Act 1914 - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_Act_1914

    The Bankruptcy Act 1914 (4 & 5 Geo. 5. c. 59) was an Act of the Parliament of the United Kingdom which formed the primary source of UK insolvency law for approximately 70 years. [1] It came into force on 1 January 1915 repealing a number of earlier statutes. It was substantially repealed by the short-lived Insolvency Act 1985. [2]

  6. Debt relief order - Wikipedia

    en.wikipedia.org/wiki/Debt_Relief_Order

    a current pending debtor's bankruptcy petition in relation to the debtor but the debtor has not been referred to the DRO procedure by the court as a more suitable method of debt relief; a current pending creditor's bankruptcy petition against the debtor but the debtor has not obtained the creditor's permission for entry into the DRO process.

  7. File:Bankruptcy Act 1914 (UKPGA 1914-59 en).pdf - Wikipedia

    en.wikipedia.org/wiki/File:Bankruptcy_Act_1914...

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  9. Debtors Act 1869 - Wikipedia

    en.wikipedia.org/wiki/Debtors_Act_1869

    Declaring bankruptcy allowed a debtor to avoid prison, but this was not an option available to everyone. Until 1861 it was limited to the merchant class. [ 7 ] Furthermore, the cost of filing for bankruptcy was £10, [ 7 ] which represented 10-20% of the average annual income for the common worker in the mid-1860s.