SCHEDULES

F1SCHEDULE 2ABANKRUPTCY RESTRICTIONS ORDER AND UNDERTAKING

Annotations:

Effect of annulment of bankruptcy order

10

Where a bankruptcy order is annulled under Article 256(1)(a)—

a

any bankruptcy restrictions order, interim order or undertaking which is in force in respect of the bankrupt shall be annulled,

b

no new bankruptcy restrictions order or interim order may be made in respect of the bankrupt, and

c

no new bankruptcy restrictions undertaking by the bankrupt may be accepted.

11

Where a bankruptcy order is annulled under Article 235, 237D or 256(1)(b)—

a

the annulment shall not affect any bankruptcy restrictions order, interim order or undertaking in respect of the bankrupt,

b

the High Court may make a bankruptcy restrictions order in relation to the bankrupt on an application instituted before the annulment,

c

the Department may accept a bankruptcy restrictions undertaking offered before the annulment, and

d

an application for a bankruptcy restrictions order or interim order in respect of the bankrupt may not be instituted after the annulment.