Insolvency Act 1986

1. Introductory Text

2. The First Group of Parts

   Company Insolvency; Companies Winding Up

   1. Part I Company Voluntary Arrangements

      1. The proposal

         1. 1. Those who may propose an arrangement

         2. 2. Procedure where nominee is not the liquidator or administrator

         3. 3. Summoning of meetings

      2. Consideration and implementation of proposal

         1. 4. Decisions of meetings

         2. 7. Implementation of proposal

   2. Part II Administration Orders

      1. Making, etc. of administration order

         1. 8. Power of court to make order

         2. 9. Application for order

         3. 10. Effect of application

         4. 11. Effect of order

         5. 12. Notification of order

      2. Administrators

         1. 13. Appointment of administrator

         2. 14. General powers

         3. 15. Power to deal with charged property, etc

         4. 16. Operation of s. 15 in Scotland

         5. 17. General duties

         6. 18. Discharge or variation of administration order

         7. 19. Vacation of office

         8. 20. Release of administrator

      3. Ascertainment and investigation of company's affairs

         1. 21. Information to be given by administrator

         2. 22. Statement of affairs to be submitted to administrator

      4. Administrator's proposals

         1. 23. Statement of proposals

         2. 24. Consideration of proposals by creditors' meeting

         3. 25. Approval of substantial revisions

      5. Miscellaneous

         1. 26. Creditors' committee

         2. 27. Protection of interests of creditors and members

   3. Part III Receivership

      1. Chapter I Receivers and Managers (England and Wales)

         1. Preliminary and general provisions

            1. 28. Extent of this Chapter

            2. 29. Definitions

            3. 30. Disqualification of body corporate from acting as receiver

            4. 31. Disqualification of undischarged bankrupt

            5. 32. Power for court to appoint official receiver

         2. Receivers and managers appointed out of court

            1. 33. Time from which appointment is effective

            2. 34. Liability for invalid appointment

            3. 35. Application to court for directions

            4. 36. Court's power to fix remuneration

            5. 37. Liability for contracts, etc

            6. 38. Receivership accounts to be delivered to registrar

         3. Provisions applicable to every receivership

            1. 39. Notification that receiver or manager appointed

            2. 40. Payment of debts out of assets subject to floating charge

            3. 41. Enforcement of duty to make returns

         4. Administrative receivers: general

            1. 42. General powers

            2. 43. Power to dispose of charged property, etc

            3. 44. Agency and liability for contracts

            4. 45. Vacation of office

         5. Administrative receivers: ascertainment and investigation of company's affairs

            1. 46. Information to be given by administrative receiver

            2. 47. Statement of affairs to be submitted

            3. 48. Report by administrative receiver

            4. 49. Committee of creditors

      2. Chapter II Receivers (Scotland)

         1. 50. Extent of this Chapter

         2. 51. Power to appoint receiver

         3. 52. Circumstances justifying appointment

         4. 53. Mode of appointment by holder of charge

         5. 54. Appointment by court

         6. 55. Powers of receiver

         7. 56. Precedence among receivers

         8. 57. Agency and liability of receiver for contracts

         9. 58. Remuneration of receiver

         10. 59. Priority of debts

         11. 60. Distribution of moneys

         12. 61. Disposal of interest in property

         13. 62. Cessation of appointment of receiver

         14. 63. Powers of court

         15. 64. Notification that receiver appointed

         16. 65. Information to be given by receiver

         17. 66. Company's statement of affairs

         18. 67. Report by receiver

         19. 68. Committee of creditors

         20. 69. Enforcement of receiver's duty to make returns, etc

         21. 70. Interpretation for Chapter II

         22. 71. Prescription of forms etc.; regulations

      3. Chapter III Receivers' Powers in Great Britain as a Whole

         1. 72. Cross-border operation of receivership provisions

   4. Part IV Winding Up of Companies Registered under the Companies Acts

      1. Chapter I Preliminary

         1. Modes of winding up

            1. 73. Alternative modes of winding up

         2. Contributories

            1. 74. Liability as contributories of present and past members

            2. 75. Directors, etc. with unlimited liability

            3. 76. Liability of past directors and shareholders

            4. 77. Limited company formerly unlimited

            5. 78. Unlimited company formerly limited

            6. 79. Meaning of “contributory "

            7. 80. Nature of contributory's liability

            8. 81. Contributories in case of death of a member

            9. 82. Effect of contributory's bankruptcy

            10. 83. Companies registered under Companies Act, Part XXII, Chapter II

      2. Chapter II Voluntary Winding Up (Introductory and General)

         1. Resolutions for, and commencement of, voluntary winding up

            1. 84. Circumstances in which company may be wound up voluntarily

            2. 85. Notice of resolution to wind up

            3. 86. Commencement of winding up

         2. Consequences of resolution to wind up

            1. 87. Effect on business and status of company

            2. 88. Avoidance of share transfers, etc. after winding-up resolution

         3. Declaration of solvency

            1. 89. Statutory declaration of solvency

            2. 90. Distinction between " members' " and " creditors' " voluntary winding up

      3. Chapter III Members' Voluntary Winding Up

         1. 91. Appointment of liquidator

         2. 92. Power to fill vacancy in office of liquidator

         3. 93. General company meeting at each year's end

         4. 94. Final meeting prior to dissolution

         5. 95. Effect of company's insolvency

         6. 96. Conversion to creditors' voluntary winding up

      4. Chapter IV Creditors' Voluntary Winding Up

         1. 97. Application of this Chapter

         2. 98. Meeting of creditors

         3. 99. Directors to lay statement of affairs before creditors

         4. 100. Appointment of liquidator

         5. 101. Appointment of liquidation committee

         6. 102. Creditors' meeting where winding up converted under s. 96

         7. 103. Cesser of directors' powers

         8. 104. Vacancy in office of liquidator

         9. 105. Meetings of company and creditors at each year's end

         10. 106. Final meeting prior to dissolution

      5. Chapter V Provisions Applying to Both Kinds of Voluntary Winding Up

         1. 107. Distribution of company's property

         2. 108. Appointment or removal of liquidator by the court

         3. 109. Notice by liquidator of his appointment

         4. 110. Acceptance of shares, etc., as consideration for sale of company property

         5. 111. Dissent from arrangement under s. 110

         6. 112. Reference of questions to court

         7. 113. Court's power to control proceedings (Scotland)

         8. 114. No liquidator appointed or nominated by company

         9. 115. Expenses of voluntary winding up

         10. 116. Saving for certain rights

      6. Chapter VI Winding Up by the Court

         1. Jurisdiction (England and Wales)

            1. 117. High Court and county court jurisdiction

            2. 118. Proceedings taken in wrong court

            3. 119. Proceedings in county court; case stated for High Court

         2. Jurisdiction (Scotland)

            1. 120. Court of Session and sheriff court jurisdiction

            2. 121. Power to remit winding up to Lord Ordinary

         3. Grounds and effect of winding-up petition

            1. 122. Circumstances in which company may be wound up by the court

            2. 123. Definition of inability to pay debts

            3. 124. Application for winding up

            4. 125. Powers of court on hearing of petition

            5. 126. Power to stay or restrain proceedings against company

            6. 127. Avoidance of property dispositions, etc

            7. 128. Avoidance of attachments, etc

         4. Commencement of winding up

            1. 129. Commencement of winding up by the court

            2. 130. Consequences of winding-up order

         5. Investigation procedures

            1. 131. Company's statement of affairs

            2. 132. Investigation by official receiver

            3. 133. Public examination of officers

            4. 134. Enforcement of s. 133

         6. Appointment of liquidator

            1. 135. Appointment and powers of provisional liquidator

            2. 136. Functions of official receiver in relation to office of liquidator

            3. 137. Appointment by Secretary of State

            4. 138. Appointment of liquidator in Scotland

            5. 139. Choice of liquidator at meetings of creditors and contributories

            6. 140. Appointment by the court following administration or voluntary arrangement

         7. Liquidation committees

            1. 141. Liquidation committee (England and Wales)

            2. 142. Liquidation committee (Scotland)

         8. The liquidator's functions

            1. 143. General functions in winding up by the court

            2. 144. Custody of company's property

            3. 145. Vesting of company property in liquidator

            4. 146. Duty to summon final meeting

         9. General powers of court

            1. 147. Power to stay or sist winding up

            2. 148. Settlement of list of contributories and application of assets

            3. 149. Debts due from contributory to company

            4. 150. Power to make calls

            5. 151. Payment into bank of money due to company

            6. 152. Order on contributory to be conclusive evidence

            7. 153. Power to exclude creditors not proving in time

            8. 154. Adjustment of rights of contributories

            9. 155. Inspection of books by creditors, etc

            10. 156. Payment of expenses of winding up

            11. 157. Attendance at company meetings (Scotland)

            12. 158. Power to arrest absconding contributory

            13. 159. Powers of court to be cumulative

            14. 160. Delegation of powers to liquidator (England and Wales)

         10. Enforcement of, and appeal from, orders

             1. 161. Orders for calls on contributories (Scotland)

             2. 162. Appeals from orders in Scotland

      7. Chapter VII Liquidators

         1. Preliminary

            1. 163. Style and title of liquidators

            2. 164. Corrupt inducement affecting appointment

         2. Liquidator's powers and duties

            1. 165. Voluntary winding up

            2. 166. Creditors' voluntary winding up

            3. 167. Winding up by the court

            4. 168. Supplementary powers (England and Wales)

            5. 169. Supplementary powers (Scotland)

            6. 170. Enforcement of liquidator's duty to make returns, etc

         3. Removal; vacation of office

            1. 171. Removal, etc. (voluntary winding up)

            2. 172. Removal, etc. (winding up by the court)

         4. Release of liquidator

            1. 173. Release (voluntary winding up)

            2. 174. Release (winding up by the court)

      8. Chapter VIII Provisions of General Application in Winding Up

         1. Preferential debts

            1. 175. Preferential debts (general provision)

            2. 176. Preferential charge on goods distrained

         2. Special managers

            1. 177. Power to appoint special manager

         3. Disclaimer (England and Wales only)

            1. 178. Power to disclaim onerous property

            2. 179. Disclaimer of leaseholds

            3. 180. Land subject to rentcharge

            4. 181. Powers of court (general)

            5. 182. Powers of court (leaseholds)

         4. Execution, attachment and the Scottish equivalents

            1. 183. Effect of execution or attachment (England and Wales)

            2. 184. Duties of sheriff (England and Wales)

            3. 185. Effect of diligence (Scotland)

         5. Miscellaneous matters

            1. 186. Rescission of contracts by the court

            2. 187. Power to make over assets to employees

            3. 188. Notification that company is in liquidation

            4. 189. Interest on debts

            5. 190. Documents exempt from stamp duty

            6. 191. Company's books to be evidence

            7. 192. Information as to pending liquidations

            8. 193. Unclaimed dividends (Scotland)

            9. 194. Resolutions passed at adjourned meetings

            10. 195. Meetings to ascertain wishes of creditors or contributories

            11. 196. Judicial notice of court documents

            12. 197. Commission for receiving evidence

            13. 198. Court order for examination of persons in Scotland

            14. 199. Costs of application for leave to proceed (Scottish companies)

            15. 200. Affidavits etc. in United Kingdom and overseas

      9. Chapter IX Dissolution of Companies After Winding Up

         1. 201. Dissolution (voluntary winding up)

         2. 202. Early dissolution (England and Wales)

         3. 203. Consequences of notice under s. 202

         4. 204. Early dissolution (Scotland)

         5. 205. Dissolution otherwise than under ss. 202-204

      10. Chapter X Malpractice before and during Liquidation; Penalisation of Companies and Company Officers; Investigations and Prosecutions

          1. Offences of fraud, deception, etc

             1. 206. Fraud, etc. in anticipation of winding up

             2. 207. Transactions in fraud of creditors

             3. 208. Misconduct in course of winding up

             4. 209. Falsification of company's books

             5. 210. Material omissions from statement relating to company's affairs

             6. 211. False representations to creditors

          2. Penalisation of directors and officers

             1. 212. Summary remedy against delinquent directors, liquidators, etc

             2. 213. Fraudulent trading

             3. 214. Wrongful trading

             4. 215. Proceedings under ss. 213, 214

             5. 216. Restriction on re-use of company names

             6. 217. Personal liability for debts, following contravention of s. 216

          3. Investigation and prosecution of malpractice

             1. 218. Prosecution of delinquent officers and members of company

             2. 219. Obligations arising under s. 218

   5. Part V Winding up of Unregistered Companies

      1. 220. Meaning of " unregistered company "

      2. 221. Winding up of unregistered companies

      3. 222. Inability to pay debts; unpaid creditor for £750 or more

      4. 223. Inability to pay debts: debt remaining unsatisfied after action brought

      5. 224. Inability to pay debts: other cases

      6. 225. Overseas company may be wound up though dissolved

      7. 226. Contributories in winding up of unregistered company

      8. 227. Power of court to stay, sist or restrain proceedings

      9. 228. Actions stayed on winding-up order

      10. 229. Provisions of this Part to be cumulative

   6. Part VI Miscellaneous Provisions Applying to Companies which are Insolvent or in Liquidation

      1. Office-holders

         1. 230. Holders of office to be qualified insolvency practitioners

         2. 231. Appointment to office of two or more persons

         3. 232. Validity of office-holder's acts

      2. Management by administrators, liquidators, etc,

         1. 233. Supplies of gas, water, electricity, etc

         2. 234. Getting in the company's property

         3. 235. Duty to co-operate with office-holder

         4. 236. Inquiry into company's dealings, etc

         5. 237. Court's enforcement powers under s. 236

      3. Adjustment of prior transactions (administration and liquidation)

         1. 238. Transactions at an undervalue (England and Wales)

         2. 239. Preferences (England and Wales)

         3. 240. " Relevant time " under ss. 238,239

         4. 241. Orders under ss. 238, 239

         5. 242. Gratuitous alienations (Scotland)

         6. 243. Unfair preferences (Scotland)

         7. 244. Extortionate credit transactions

         8. 245. Avoidance of certain floating charges

         9. 246. Unenforceability of liens on books, etc

   7. Part VII Interpretation for First Group of Parts

      1. 247. " Insolvency " and " go into liquidation "

      2. 248. " Secured creditor ", etc

      3. 249. " Connected " with a company

      4. 250. " Member " of a company

      5. 251. Expressions used generally

3. The Second Group of Parts

   Insolvency of Individuals; Bankruptcy

   1. Part VIII Individual Voluntary Arrangements

      1. Moratorium for insolvent debtor

         1. 252. Interim order of court

         2. 253. Application for interim order

         3. 254. Effect of application

         4. 255. Cases in which interim order can be made

         5. 256. Nominee's report on debtor's proposal

         6. 257. Summoning of creditors' meeting

      2. Consideration and implementation of debtor's proposal

         1. 258. Decisions of creditors' meeting

         2. 259. Report of decisions to court

         3. 260. Effect of approval

         4. 261. Effect where debtor an undischarged bankrupt

         5. 262. Challenge of meeting's decision

         6. 263. Implementation and supervision of approved voluntary arrangement

   2. Part IX Bankruptcy

      1. Chapter I Bankruptcy Petitions; Bankruptcy Orders

         1. Preliminary

            1. 264. Who may present a bankruptcy petition

            2. 265. Conditions to be satisfied in respect of debtor

            3. 266. Other preliminary conditions

         2. Creditor's petition

            1. 267. Grounds of creditor's petition

            2. 268. Definition of "inability to pay", etc.; the statutory demand

            3. 269. Creditor with security

            4. 270. Expedited petition

            5. 271. Proceedings on creditor's petition

         3. Debtor's petition

            1. 272. Grounds of debtor's petition

            2. 273. Appointment of insolvency practitioner by the court

            3. 274. Action on report of insolvency practitioner

            4. 275. Summary administration

         4. Other cases for special consideration

            1. 276. Default in connection with voluntary arrangement

            2. 277. Petition based on criminal bankruptcy order

         5. Commencement and duration of bankruptcy; discharge

            1. 278. Commencement and continuance

            2. 279. Duration

            3. 280. Discharge by order of the court

            4. 281. Effect of discharge

            5. 282. Court's power to annul bankruptcy order

      2. Chapter II Protection of Bankrupt's Estate and Investigation of His Affairs

         1. 283. Definition of bankrupt's estate

         2. 284. Restrictions on dispositions of property

         3. 285. Restriction on proceedings and remedies

         4. 286. Power to appoint interim receiver

         5. 287. Receivership pending appointment of trustee

         6. 288. Statement of affairs

         7. 289. Investigatory duties of official receiver

         8. 290. Public examination of bankrupt

         9. 291. Duties of bankrupt in relation to official receiver

      3. Chapter III Trustees in Bankruptcy

         1. Tenure of office as trustee

            1. 292. Power to make appointments

            2. 293. Summoning of meeting to appoint first trustee

            3. 294. Power of creditors to requisition meeting

            4. 295. Failure of meeting to appoint trustee

            5. 296. Appointment of trustee by Secretary of State

            6. 297. Special cases

            7. 298. Removal of trustee; vacation of office

            8. 299. Release of trustee

            9. 300. Vacancy in office of trustee

         2. Control of trustee

            1. 301. Creditors' committee

            2. 302. Exercise by Secretary of State of functions of creditors' committee

            3. 303. General control of trustee by the court

            4. 304. Liability of trustee

      4. Chapter IV Administration by Trustee

         1. Preliminary

            1. 305. General functions of trustee

         2. Acquisition, control and realisation of bankrupt's estate

            1. 306. Vesting of bankrupt's estate in trustee

            2. 307. After-acquired property

            3. 308. Vesting in trustee of certain items of excess value

            4. 309. Time-limit for notice under s. 307 or 308

            5. 310. Income payments orders

            6. 311. Acquisition by trustee of control

            7. 312. Obligation to surrender control to trustee

            8. 313. Charge on bankrupt's home

            9. 314. Powers of trustee

         3. Disclaimer of onerous property

            1. 315. Disclaimer (general power)

            2. 316. Notice requiring trustee's decision

            3. 317. Disclaimer of leaseholds

            4. 318. Disclaimer of dwelling house

            5. 319. Disclaimer of land subject to rentcharge

            6. 320. Court order vesting disclaimed property

            7. 321. Order under s. 320 in respect of leaseholds

         4. Distribution of bankrupt's estate

            1. 322. Proof of debts

            2. 323. Mutual credit and set-off

            3. 324. Distribution by means of dividend

            4. 325. Claims by unsatisfied creditors

            5. 326. Distribution of property in specie

            6. 327. Distribution in criminal bankruptcy

            7. 328. Priority of debts

            8. 329. Debts to spouse

            9. 330. Final distribution

            10. 331. Final meeting

            11. 332. Saving for bankrupt's home

         5. Supplemental

            1. 333. Duties of bankrupt in relation to trustee

            2. 334. Stay of distribution in case of second bankruptcy

            3. 335. Adjustment between earlier and later bankruptcy estates

      5. Chapter V Effect of Bankruptcy on Certain Rights, Transactions, Etc

         1. Rights of occupation

            1. 336. Rights of occupation etc. of bankrupt's spouse

            2. 337. Rights of occupation of bankrupt

            3. 338. Payments in respect of premises occupied by bankrupt

         2. Adjustment of prior transactions, etc

            1. 339. Transactions at an undervalue

            2. 340. Preferences

            3. 341. " Relevant time " under ss. 339, 340

            4. 342. Orders under ss. 339, 340

            5. 343. Extortionate credit transactions

            6. 344. Avoidance of general assignment of book debts

            7. 345. Contracts to which bankrupt is a party

            8. 346. Enforcement procedures

            9. 347. Distress, etc

            10. 348. Apprenticeships, etc

            11. 349. Unenforceability of liens on books, etc

      6. Chapter VI Bankruptcy Offences

         1. Preliminary

            1. 350. Scheme of this Chapter

            2. 351. Definitions

            3. 352. Defence of innocent intention

         2. Wrongdoing by the bankrupt before and after bankruptcy

            1. 353. Non-disclosure

            2. 354. Concealment of property

            3. 355. Concealment of books and papers; falsification

            4. 356. False statements

            5. 357. Fraudulent disposal of property

            6. 358. Absconding

            7. 359. Fraudulent dealing with property obtained on credit

            8. 360. Obtaining credit; engaging in business

            9. 361. Failure to keep proper accounts of business

            10. 362. Gambling

      7. Chapter VII Powers of Court in Bankruptcy

         1. 363. General control of court

         2. 364. Power of arrest

         3. 365. Seizure of bankrupt's property

         4. 366. Inquiry into bankrupt's dealings and property

         5. 367. Court's enforcement powers under s. 366

         6. 368. Provision corresponding to s. 366, where interim receiver appointed

         7. 369. Order for production of documents by inland revenue

         8. 370. Power to appoint special manager

         9. 371. Re-direction of bankrupt's letters, etc

   3. Part X Individual Insolvency: General Provisions

      1. 372. Supplies of gas, water, electricity, etc

      2. 373. Jurisdiction in relation to insolvent individuals

      3. 374. Insolvency districts

      4. 375. Appeals etc. from courts exercising insolvency jurisdiction

      5. 376. Time-limits

      6. 377. Formal defects

      7. 378. Exemption from stamp duty

      8. 379. Annual report

   4. Part XI Interpretation for Second Group of Parts

      1. 380. Introductory

      2. 381. " Bankrupt" and associated terminology

      3. 382. " Bankruptcy debt ", etc

      4. 383. " Creditor ", " security ", etc

      5. 384. " Prescribed " and " the rules"

      6. 385. Miscellaneous definitions

4. The Third Group of Parts

   Miscellaneous Matters Bearing on both Company and Individual Insolvency; General Interpretation; Final Provisions

   1. Part XII Preferential Debts in Company and Individual Insolvency

      1. 386. Categories of preferential debts

      2. 387. " The relevant date "

   2. Part XIII Insolvency Practitioners and their Qualification

      1. Restrictions on unqualified persons acting as liquidator, trustee in bankruptcy, etc

         1. 388. Meaning of " act as insolvency practitioner "

         2. 389. Acting without qualification an offence

      2. The requisite qualification, and the means of obtaining it

         1. 390. Persons not qualified to act as insolvency practitioners

         2. 391. Recognised professional bodies

         3. 392. Authorisation by competent authority

         4. 393. Grant, refusal and withdrawal of authorisation

         5. 394. Notices

         6. 395. Right to make representations

         7. 396. Reference to Tribunal

         8. 397. Action of Tribunal on reference

         9. 398. Refusal or withdrawal without reference to Tribunal

   3. Part XIV Public Administration (England and Wales)

      1. Official receivers

         1. 399. Appointment, etc. of official receivers

         2. 400. Functions and status of official receivers

         3. 401. Deputy official receivers and staff

      2. The Official Petitioner

         1. 402. Official Petitioner

      3. Insolvency Service finance, accounting and investment

         1. 403. Insolvency Services Account

         2. 404. Investment Account

         3. 405. Application of income in Investment Account; adjustment of balances

         4. 406. Interest on money received by liquidators and invested

         5. 407. Unclaimed dividends and undistributed balances

         6. 408. Recourse to Consolidated Fund

         7. 409. Annual financial statement and audit

      4. Supplementary

         1. 410. Extent of this Part

   4. Part XV Subordinate Legislation

      1. General insolvency rules

         1. 411. Company insolvency rules

         2. 412. Individual insolvency rules (England and Wales)

         3. 413. Insolvency Rules Committee

      2. Fees orders

         1. 414. Fees orders (company insolvency proceedings)

         2. 415. Fees orders (individual insolvency proceedings in England and Wales)

      3. Specification, increase and reduction of money sums relevant in the operation of this Act

         1. 416. Monetary limits (companies winding up)

         2. 417. Money sum in section 222

         3. 418. Monetary limits (bankruptcy)

      4. Insolvency practice

         1. 419. Regulations for purposes of Part XIII

      5. Other order-making powers

         1. 420. Insolvent partnerships

         2. 421. Insolvent estates of deceased persons

         3. 422. Recognised banks, etc

   5. Part XVI Provisions Against Debt Avoidance (England and Wales only)

      1. 423. Transactions defrauding creditors

      2. 424. Those who may apply for an order under s. 423

      3. 425. Provision which may be made by order under s. 423

   6. Part XVII Miscellaneous and General

      1. 426. Co-operation between courts exercising jurisdiction in relation to insolvency

      2. 427. Parliamentary disqualification

      3. 428. Exemptions from Restrictive Trade Practices Act

      4. 429. Disabilities on revocation of administration order against an individual

      5. 430. Provision introducing Schedule of punishments

      6. 431. Summary proceedings

      7. 432. Offences by bodies corporate

      8. 433. Admissibility in evidence of statements of affairs, etc

      9. 434. Crown application

   7. Part XVIII Interpretation

      1. 435. Meaning of " associate "

      2. 436. Expressions used generally

   8. Part XIX Final Provisions

      1. 437. Transitional provisions, and savings

      2. 438. Repeals

      3. 439. Amendment of enactments

      4. 440. Extent (Scotland)

      5. 441. Extent (Northern Ireland)

      6. 442. Extent (other territories)

      7. 443. Commencement

      8. 444. Citation

5. Schedules

   1. Schedule 1

      Powers of administrator or administrative receiver

   2. Schedule 2

      Powers of a Scottish receiver (additional to those conferred on him by the instrument of charge)

   3. Schedule 3

      Orders in course of winding up pronounced in vacation (Scotland)

   4. Schedule 4

      Powers of liquidator in a winding up

   5. Schedule 5

      Powers of trustee in bankruptcy

   6. Schedule 6

      The categories of preferential debts

   7. Schedule 7

      Insolvency Practitioners Tribunal

   8. Schedule 8

      Provisions capable of inclusion in company insolvency rules

   9. Schedule 9

      Provisions capable of inclusion in individual insolvency rules

   10. Schedule 10

       Punishment of offences under this Act

   11. Schedule 11

       Transitional provisions and savings

   12. Schedule 12

       Enactments repealed

   13. Schedule 13

       Consequential amendments of Companies Act 1985

   14. Schedule 14

       Consequential amendments of other enactments