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Insolvency Act 1986

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Changes to legislation:

Insolvency Act 1986, Section 265 is up to date with all changes known to be in force on or before 28 March 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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Changes and effects yet to be applied to the whole Act associated Parts and Chapters:

  • Act amendment to earlier affecting provision S.I. 1986/1999, art. 3, Sch. 1 Pt. 2 by S.I. 2017/1119 Sch. 3 para. 1
  • Act savings and transitional provisions for amendments by S.I. 2022/1166 by S.I. 2022/1172 Regulations

Whole provisions yet to be inserted into this Act (including any effects on those provisions):

[F1265 Creditor's petition: debtors against whom the court may make a bankruptcy order.E+W

(1)A bankruptcy petition may be presented to the court under section 264(1)(a) only if—

(a)the centre of the debtor's main interests is in England and Wales, or

[F2(ab)the centre of the debtor's main interests is in a member State (other than Denmark) and the debtor has an establishment in England and Wales, or]

(b)F3... the test in subsection (2) is met.

(2)The test is that—

(a)the debtor is domiciled in England and Wales, or

(b)at any time in the period of three years ending with the day on which the petition is presented, the debtor—

(i)has been ordinarily resident, or has had a place of residence, in England and Wales, or

(ii)has carried on business in England and Wales.

(3)The reference in subsection (2) to the debtor carrying on business includes—

(a)the carrying on of business by a firm or partnership of which the debtor is a member, and

(b)the carrying on of business by an agent or manager for the debtor or for such a firm or partnership.

(4)In this section, references to the centre of the debtor's main interests have the same meaning as in Article 3 of the [F4EU Regulation].

[F5(5)In this section “establishment” has the same meaning as in Article 2(10) of the EU Regulation.]]

Textual Amendments

Modifications etc. (not altering text)

C1S. 265 modified (1.12.1994) by S.I. 1994/2421, art. 11(2)(3), Sch. 7 para. 3

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