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The Insolvent Debtors (England) Act 1813 [1] [2] (53 Geo. 3. c. 102) was an act of Parliament passed by the United Kingdom Parliament in 1813, during the reign of King George III. It was enacted in response to the demands on the prison system imposed by the numbers of those being incarcerated for debt, and some concern for their plight.
The Insolvent Debtors Act 1842 allowed non-traders to begin bankruptcy proceedings for relief from debts. Any person who was not a trader, or was a trader but owed less than £300, could obtain a protection order from the Court of Bankruptcy or a district court of bankruptcy halting all proceedings against him on condition that he vested all ...
Under the Insolvent Debtors (England) Act 1813 (53 Geo. 3. c. 102), debtors could request release after 14 days in jail by taking an oath that their assets did not exceed £20, but if any of their creditors objected, they had to stay inside. Attitudes were changing, however, and the Bankruptcy Act 1825 (6 Geo. 4. c.
As an alternative to bankruptcy, a debtor may propose an individual voluntary arrangement (IVA) to his creditors (see Part VIII of the Insolvency Act 1986) or a debt relief order if debts do not exceed a certain threshold. An IVA takes the form of a proposal to creditors to pay some or all of the debtor's debts over a period of time by selling ...
The Insolvency Act 1986 (c. 45) is an act of the Parliament of the United Kingdom that provides the legal platform for all matters relating to personal and corporate insolvency in the UK. History [ edit ]
An Act to continue for One Year, and from thence until the End of the then next Session of Parliament, the Acts for the Relief of Insolvent Debtors in Ireland. (Repealed by Statute Law Revision Act 1873 (36 & 37 Vict. c. 91))
Insolvent Debtors Act 1842 (repealed) 5 & 6 Vict. c. 116. 12 August 1842. An Act for the Relief of Insolvent Debtors. (Repealed by Bankruptcy Act 1861)
An Act to repeal so much of an Act, passed in the First Year of His present Majesty King George the Third, intituled, "An Act for Relief of Insolvent Debtors," [a] as relates to Creditors compelling Prisoners to deliver up their Estates, and to such Prisoners being thereupon discharged. (Repealed by Statute Law Revision Act 1867 (30 & 31 Vict ...