5(1)Where paragraph 1 ceases to have effect in relation to a debtor, this Act applies subject to sub-paragraphs (2) to (4).S
(2)The debtor must send to the trustee a statement of assets and liabilities—
(a)where no appeal is taken under paragraph 4, within 7 days beginning with the expiry of the period during which an appeal may be made under that paragraph, or
(b)where an appeal is refused or, as the case may be, abandoned or withdrawn, within 7 days beginning with—
(i)the day on which notice is given of the outcome of the appeal, or
(ii)as the case may be, its abandonment or withdrawal.
(3)Section 44 applies as if, in subsection (3)(a), for the words “sequestration is awarded” there were substituted “ paragraph 1 of schedule 1 ceases to have effect in relation to the debtor ”.
(4)Section 116 applies as if for subsection (2) there were substituted—
“(2)The trustee in the sequestration must require the debtor to give an account in writing, in such form as may be prescribed, of the debtor's current state of affairs—
(a)within 60 days beginning with the day on which paragraph 1 of schedule 1 ceases to have effect in relation to the debtor,
(b)on the expiry of 6 months beginning with the day on which the account is given under paragraph (a), and
(c)on the expiry of each subsequent 6 months.”.
Commencement Information
I1Sch. 1 para. 5 in force at 30.11.2016 by S.S.I. 2016/294, reg. 2