PART 2

Sequestration: award and recall

Award of sequestration

Benefit from another estate
28
1
Where a debtor learns, whether before or after the date of sequestration, that the debtor may derive benefit from another estate, the debtor must as soon as practicable after that date inform—
a
the trustee in the sequestration, of that fact, and
b
the person who is administering that other estate, of the sequestration.
2
A debtor who fails to comply with subsection (1) commits an offence.
3
A debtor who commits an offence under subsection (2) is liable, on summary conviction, to a fine not exceeding level 5 on the standard scale.
S. 28 in force at 30.11.2016 by S.S.I. 2016/294, reg. 2