<akomaNtoso xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd"><act name="ukpga"><meta><identification source="#"><FRBRWork><FRBRthis value="http://www.legislation.gov.uk/id/ukpga/1986/45"/><FRBRuri value="http://www.legislation.gov.uk/id/ukpga/1986/45"/><FRBRdate date="1986-07-25" name="enacted"/><FRBRauthor href="http://www.legislation.gov.uk/id/legislature/UnitedKingdomParliament"/><FRBRcountry value="GB-UKM"/><FRBRnumber value="45"/><FRBRname value="1986 c. 45"/><FRBRprescriptive value="true"/></FRBRWork><FRBRExpression><FRBRthis value="http://www.legislation.gov.uk/ukpga/1986/45/2026-02-02"/><FRBRuri value="http://www.legislation.gov.uk/ukpga/1986/45/2026-02-02"/><FRBRdate date="2026-02-02" name="validFrom"/><FRBRauthor href="#"/><FRBRlanguage language="eng"/></FRBRExpression><FRBRManifestation><FRBRthis value="http://www.legislation.gov.uk/ukpga/1986/45/2026-02-02/data.akn"/><FRBRuri value="http://www.legislation.gov.uk/ukpga/1986/45/2026-02-02/data.akn"/><FRBRdate date="2026-05-19+01:00" name="transform"/><FRBRauthor href="http://www.legislation.gov.uk"/><FRBRformat value="application/akn+xml"/></FRBRManifestation></identification><lifecycle source="#"><eventRef refersTo="#enactment" date="1986-07-25" eId="date-enacted" source="#"/><eventRef date="2016-06-16" eId="date-2016-06-16" source="#"/><eventRef date="2017-04-06" eId="date-2017-04-06" source="#"/><eventRef date="2020-12-31" eId="date-2020-12-31" source="#"/><eventRef date="2022-12-01" eId="date-2022-12-01" source="#"/><eventRef date="2025-11-19" eId="date-2025-11-19" source="#"/><eventRef date="2026-02-02" eId="date-2026-02-02" source="#"/></lifecycle><analysis source="#"><restrictions source="#"><restriction refersTo="#extent-e+w+s+ni" type="jurisdiction"/><restriction href="#body" refersTo="#extent-e+w+s+ni" type="jurisdiction"/><restriction href="#part-IX" refersTo="#extent-e+w" type="jurisdiction"/><restriction href="#part-IX-chapter-IV-crossheading-acquisition-control-and-realisation-of-bankrupts-estate" refersTo="#extent-e+w" type="jurisdiction"/><restriction href="#section-310" refersTo="#extent-e+w" type="jurisdiction"/><restriction refersTo="#period-from-2026-02-02" type="jurisdiction"/><restriction href="#body" refersTo="#period-from-2025-11-19" type="jurisdiction"/><restriction href="#part-IX" refersTo="#period-from-2022-12-01" type="jurisdiction"/><restriction href="#part-IX-chapter-IV" refersTo="#period-from-2020-12-31" type="jurisdiction"/><restriction href="#part-IX-chapter-IV-crossheading-acquisition-control-and-realisation-of-bankrupts-estate" refersTo="#period-from-2017-04-06" type="jurisdiction"/><restriction href="#section-310" refersTo="#period-from-2016-06-16" type="jurisdiction"/></restrictions><otherAnalysis source=""><uk:commentary href="#section-310" refersTo="#c15579561"/><uk:commentary href="#section-310" refersTo="#c15579571"/><uk:commentary href="#section-310" refersTo="#c15579581"/><uk:commentary href="#section-310" refersTo="#key-4145f209f4dc4a13bc0b52468f9e1ab8"/><uk:commentary href="#section-310" refersTo="#c18630651"/><uk:commentary href="#section-310" refersTo="#c15579601"/><uk:commentary href="#section-310" refersTo="#c15579611"/><uk:commentary href="#section-310" refersTo="#c15579621"/><uk:commentary href="#section-310" refersTo="#c15579631"/><uk:commentary href="#section-310" refersTo="#c15579641"/><uk:commentary href="#section-310" refersTo="#key-a096de1a4ee02aae53589d099aed82e2"/><uk:commentary href="#section-310" refersTo="#key-08a4af40c92781c1b31c3d7a1b8a6eda"/></otherAnalysis></analysis><temporalData source="#"><temporalGroup eId="period-from-2016-06-16"><timeInterval start="#date-2016-06-16" refersTo="#"/></temporalGroup><temporalGroup eId="period-from-2017-04-06"><timeInterval start="#date-2017-04-06" refersTo="#"/></temporalGroup><temporalGroup eId="period-from-2020-12-31"><timeInterval start="#date-2020-12-31" refersTo="#"/></temporalGroup><temporalGroup eId="period-from-2022-12-01"><timeInterval start="#date-2022-12-01" refersTo="#"/></temporalGroup><temporalGroup eId="period-from-2025-11-19"><timeInterval start="#date-2025-11-19" refersTo="#"/></temporalGroup><temporalGroup eId="period-from-2026-02-02"><timeInterval start="#date-2026-02-02" refersTo="#"/></temporalGroup></temporalData><references source="#"><TLCEvent eId="enactment" href="" showAs="EnactmentDate"/><TLCLocation eId="extent-e+w+s+ni" href="/ontology/jurisdictions/uk.EnglandWalesScotlandNorthernIreland" showAs="E+W+S+N.I."/><TLCLocation eId="extent-e+w" href="/ontology/jurisdictions/uk.EnglandWalesScotlandNorthernIreland" showAs="E+W"/><TLCTerm eId="term-guaranteed-minimum-pension" href="/ontology/term/uk.guaranteed-minimum-pension" showAs="guaranteed minimum pension"/></references><notes source="#"><note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c18630651" marker="F1"><p>Words in s. 310(1) repealed (1.4.2004) by <ref eId="c07187" href="http://www.legislation.gov.uk/id/ukpga/2002/40">2002 c. 40</ref>, <ref eId="c07188" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2002/40/section/259/2">ss. 259(2)</ref>, <ref eId="c07189" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2002/40/section/278">278</ref>, <ref eId="c07190" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279">279</ref>, <ref eId="c07191" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2002/40/schedule/26">Sch. 26</ref> (with <ref eId="c07192" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2002/40/section/249/6">s. 249(6)</ref>); <ref eId="c07193" href="http://www.legislation.gov.uk/id/uksi/2003/2093">S.I. 2003/2093</ref>, <ref eId="c07194" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2003/2093/article/2/2">art. 2(2)</ref>, <ref eId="c07195" class="subref" href="http://www.legislation.gov.uk/id/uksi/2003/2093/schedule/2">Sch. 2</ref> (subject to <rref eId="c07196" class="subref" from="http://www.legislation.gov.uk/id/uksi/2003/2093/article/3" upTo="http://www.legislation.gov.uk/id/uksi/2003/2093/article/8" ukl:CitationRef="c07193">arts. 3-8</rref> (as amended by <ref eId="c07197" href="http://www.legislation.gov.uk/id/uksi/2003/2332">S.I. 2003/2332</ref>, <ref eId="c07198" class="subref" href="http://www.legislation.gov.uk/id/uksi/2003/2332/article/2">art. 2</ref>))</p></note><note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c15579601" marker="F2"><p>S. 310(1A) inserted (1.4.2004) by <ref eId="c07200" href="http://www.legislation.gov.uk/id/ukpga/2002/40">2002 c. 40</ref>, <ref eId="c07201" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2002/40/section/259/3">ss. 259(3)</ref>, <ref eId="c07202" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279">279</ref> (with <ref eId="c07203" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2002/40/section/249/6">s. 249(6)</ref>); <ref eId="c07204" href="http://www.legislation.gov.uk/id/uksi/2003/2093">S.I. 2003/2093</ref>, <ref eId="c07205" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2003/2093/article/2/2">art. 2(2)</ref>, <ref eId="c07206" class="subref" href="http://www.legislation.gov.uk/id/uksi/2003/2093/schedule/2">Sch. 2</ref> (subject to <rref eId="c07207" class="subref" from="http://www.legislation.gov.uk/id/uksi/2003/2093/article/3" upTo="http://www.legislation.gov.uk/id/uksi/2003/2093/article/8" ukl:CitationRef="c07204">arts. 3-8</rref> (as amended by <ref eId="c07208" href="http://www.legislation.gov.uk/id/uksi/2003/2332">S.I. 2003/2332</ref>, <ref eId="c07209" class="subref" href="http://www.legislation.gov.uk/id/uksi/2003/2332/article/2">art. 2</ref>))</p></note><note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c15579611" marker="F3"><p>Words in s. 310(2) inserted (6.4.1997) by <ref eId="c07211" href="http://www.legislation.gov.uk/id/ukpga/1995/26">1995 c. 26</ref>, <ref eId="c07212" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1995/26/section/122">s. 122</ref>, <ref eId="c07213" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1995/26/schedule/3/paragraph/15/a">Sch. 3 para. 15(a)</ref> (with <ref eId="c07214" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1995/26/section/121/5">s. 121(5)</ref>); <ref eId="c07215" href="http://www.legislation.gov.uk/id/uksi/1997/664">S.I. 1997/664</ref>, <ref eId="c07216" class="subref" href="http://www.legislation.gov.uk/id/uksi/1997/664/article/2/3">art. 2(3)</ref>, <ref eId="c07217" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/1997/664/schedule/part/II">Sch. Pt. II</ref> (with transitional adaptations, modifications and savings in <rref eId="c07218" class="subref" from="http://www.legislation.gov.uk/id/uksi/1997/664/article/3" upTo="http://www.legislation.gov.uk/id/uksi/1997/664/article/14" ukl:CitationRef="c07215">arts. 3-14</rref>)</p></note><note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c15579621" marker="F4"><p>S. 310(6)(6A) substituted (1.4.2004) for s. 310(6) by <ref eId="c07220" href="http://www.legislation.gov.uk/id/ukpga/2002/40">2002 c. 40</ref>, <ref eId="c07221" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2002/40/section/259/4">ss. 259(4)</ref>, <ref eId="c07222" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2002/40/section/279">279</ref>, (with s. 249(6)); <ref eId="c07223" href="http://www.legislation.gov.uk/id/uksi/2003/2093">S.I. 2003/2093</ref>, <ref eId="c07224" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2003/2093/article/2/2">art. 2(2)</ref>, <ref eId="c07225" class="subref" href="http://www.legislation.gov.uk/id/uksi/2003/2093/schedule/2">Sch. 2</ref> (subject to <rref eId="c07226" class="subref" from="http://www.legislation.gov.uk/id/uksi/2003/2093/article/3" upTo="http://www.legislation.gov.uk/id/uksi/2003/2093/article/8" ukl:CitationRef="c07223">arts. 3-8</rref> (as amended by <ref eId="c07227" href="http://www.legislation.gov.uk/id/uksi/2003/2332">S.I. 2003/2332</ref>, <ref eId="c07228" class="subref" href="http://www.legislation.gov.uk/id/uksi/2003/2332/article/2">art. 2</ref>))</p></note><note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c15579631" marker="F5"><p>S. 310(8)(9) and words preceding them added (6.4.1997) by <ref eId="c07230" href="http://www.legislation.gov.uk/id/ukpga/1995/26">1995 c. 26</ref>, <ref eId="c07231" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1995/26/section/122">s. 122</ref>, <ref eId="c07232" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1995/26/schedule/3/paragraph/15/b">Sch. 3 para. 15(b)</ref> (with <ref eId="c07233" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1995/26/section/121/5">s. 121(5)</ref>); <ref eId="c07234" href="http://www.legislation.gov.uk/id/uksi/1997/664">S.I. 1997/664</ref>, <ref eId="c07235" class="subref" href="http://www.legislation.gov.uk/id/uksi/1997/664/article/2/3">art. 2(3)</ref>, <ref eId="c07236" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/1997/664/schedule/part/II">Sch. Pt. II</ref> (with transitional adaptations, modifications and savings in <rref eId="c07237" class="subref" from="http://www.legislation.gov.uk/id/uksi/1997/664/article/3" upTo="http://www.legislation.gov.uk/id/uksi/1997/664/article/14" ukl:CitationRef="c07234">arts. 3-14</rref>)</p></note><note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="c15579641" marker="F6"><p>Words in s. 310(7) inserted (11.11.1999 for the purpose only of any exercise of power to make regulations, otherwise 29.5.2000) by <ref eId="c07239" href="http://www.legislation.gov.uk/id/ukpga/1999/30">1999 c. 30</ref>, <ref eId="c07240" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1999/30/section/18">ss. 18</ref>, <ref eId="c07241" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1999/30/section/89/5">89(5)</ref>, <ref eId="c07242" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1999/30/schedule/2/paragraph/2">Sch. 2 para. 2</ref>; <ref eId="c07243" href="http://www.legislation.gov.uk/id/uksi/2000/1382">S.I. 2000/1382</ref>, <ref eId="c07244" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2000/1382/article/2/e">art. 2(e)</ref></p></note><note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-a096de1a4ee02aae53589d099aed82e2" marker="F7"><p>S. 310(8)(b) and word omitted (6.4.2012) by S.I. 2011/1730, art. 3(2) (as substituted) by virtue of <ref eId="ckdznr7c2-00024" href="http://www.legislation.gov.uk/id/uksi/2012/709">The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) (No.2) (Amendment) Order 2012 (S.I. 2012/709)</ref>, <ref eId="ckdznr7c2-00025" class="subref" href="http://www.legislation.gov.uk/id/uksi/2012/709/article/1/2">arts. 1(2)</ref>, <ref eId="ckdznr7c2-00026" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2012/709/article/2/2">2(2)</ref></p></note><note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-08a4af40c92781c1b31c3d7a1b8a6eda" marker="F8"><p>Word in s. 310(9) substituted (6.4.2012) by S.I. 2011/1730, art. 3(3) (as substituted) by <ref eId="ckdznr7c2-00017" href="http://www.legislation.gov.uk/id/uksi/2012/709">The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) (No.2) (Amendment) Order 2012 (S.I. 2012/709)</ref>, <ref eId="ckdznr7c2-00018" class="subref" href="http://www.legislation.gov.uk/id/uksi/2012/709/article/1/2">arts. 1(2)</ref>, <ref eId="ckdznr7c2-00019" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2012/709/article/2/2">2(2)</ref></p></note><note ukl:Name="Commentary" ukl:Type="C" class="commentary C" eId="c15579561" marker="C1"><p>S. 310 applied (with modifications) by <ref eId="c07169" href="http://www.legislation.gov.uk/id/uksi/1986/1999">S.I. 1986/1999</ref>, <ref eId="c07170" class="subref" href="http://www.legislation.gov.uk/id/uksi/1986/1999/article/3">art. 3</ref>, <ref eId="c07171" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/1986/1999/schedule/1/part/II">Sch. 1 Pt. II</ref></p></note><note ukl:Name="Commentary" ukl:Type="C" class="commentary C" eId="c15579571" marker="C2"><p>S. 310 amended by <ref eId="c07173" href="http://www.legislation.gov.uk/id/ukpga/1990/6">Education (Student Loans) Act 1990 (c. 6, SIF 41:1, 2)</ref>, <ref eId="c07174" class="subref" href="http://www.legislation.gov.uk/id/ukpga/1990/6/section/1/5">s. 1(5)</ref>, <ref eId="c07175" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/1990/6/schedule/2/paragraph/5/1">Sch. 2 para. 5(1)</ref></p></note><note ukl:Name="Commentary" ukl:Type="C" class="commentary C" eId="c15579581" marker="C3"><p>S. 310 restricted (12.8.1998) by <ref eId="c07177" href="http://www.legislation.gov.uk/id/uksi/1998/2003">S.I. 1998/2003</ref>, <ref eId="c07178" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/1998/2003/regulation/13/1">reg. 13(1)</ref></p><p>S. 310 restricted (25.2.2002) by <ref eId="c07180" href="http://www.legislation.gov.uk/id/uksi/2002/195">S.I. 2002/195</ref>, <ref eId="c07181" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2002/195/regulation/40/1">reg. 40(1)</ref></p><p>S. 310 restricted (1.3.2005) by <ref eId="c07183" href="http://www.legislation.gov.uk/id/uksi/2005/52">The Education (Student Support) Regulations 2005 (S.I. 2005/52)</ref>, <ref eId="c07184" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2005/52/regulation/28/1">reg. 28(1)</ref> (with <rref eId="c07185" class="subref" from="http://www.legislation.gov.uk/id/uksi/2005/52/regulation/3/6" upTo="http://www.legislation.gov.uk/id/uksi/2005/52/regulation/3/9" ukl:CitationRef="c07183">reg. 3(6)-(9)</rref>)</p></note><note ukl:Name="Commentary" ukl:Type="C" class="commentary C" eId="key-4145f209f4dc4a13bc0b52468f9e1ab8" marker="C4"><p>S. 310 excluded (16.6.2016) by <ref eId="cecpz0fy3-00034" href="http://www.legislation.gov.uk/id/uksi/2016/606">The Education (Postgraduate Masters Degree Loans) Regulations 2016 (S.I. 2016/606)</ref>, <ref eId="cecpz0fy3-00035" class="subref" href="http://www.legislation.gov.uk/id/uksi/2016/606/regulation/1/1">regs. 1(1)</ref>, <ref eId="cecpz0fy3-00036" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2016/606/regulation/97/1/a">97(1)(a)</ref></p></note></notes><proprietary xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" source="#"><dc:identifier>http://www.legislation.gov.uk/ukpga/1986/45/section/310</dc:identifier><dc:title>Insolvency Act 1986</dc:title><dc:description>An Act to consolidate the enactments relating to company insolvency and winding up (including the winding up of companies that are not insolvent, and of unregistered































































































































































































































































































































































































































































































































companies); enactments relating to the insolvency and bankruptcy of individuals; and other enactments bearing on those two subject matters, including the functions and































































































































































































































































































































































































































































































































qualification of insolvency practitioners, the public administration of insolvency, the penalisation and redress of malpractice and wrongdoing, and the avoidance of certain































































































































































































































































































































































































































































































































transactions at an undervalue</dc:description><dc:date>1986-07-25</dc:date><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-02-02</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-02-02</dct:valid><ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="1986"/><ukm:Number Value="45"/><ukm:EnactmentDate Date="1986-07-25"/><ukm:UnappliedEffects><ukm:UnappliedEffect Row="113" AffectedNumber="45" AffectingYear="2017" AffectingEffectsExtent="E+W" AffectedProvisions="Act" Modified="2025-08-21T14:56:58Z" URI="http://www.legislation.gov.uk/id/effect/key-7b819d54a91ab7f008038eda6689a62f" AffectedExtent="E+W+S+N.I." AffectedYear="1986" AffectedClass="UnitedKingdomPublicGeneralAct" Type="amendment to earlier affecting provision S.I. 1986/1999, art. 3, Sch. 1 Pt. 2" AffectingClass="UnitedKingdomStatutoryInstrument" AffectingProvisions="Sch. 3 para. 1" AffectingNumber="1119" Comments="These are covered by notes at provision level - These are covered by notes at provision level - These are covered by notes at provision level - These are covered by notes at provision level - These are covered by notes at provision level" RequiresApplied="false" AffectingURI="http://www.legislation.gov.uk/id/uksi/2017/1119" EffectId="key-7b819d54a91ab7f008038eda6689a62f" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1986/45"><ukm:AffectedTitle>Insolvency Act 1986</ukm:AffectedTitle><ukm:AffectedProvisions>Act</ukm:AffectedProvisions><ukm:AffectingTitle>The Insolvency (Miscellaneous Amendments) Regulations 2017</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-3" URI="http://www.legislation.gov.uk/id/uksi/2017/1119/schedule/3">Sch. 3 </ukm:Section><ukm:Section Ref="schedule-3-paragraph-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1119/schedule/3/paragraph/1">para. 1</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-1" URI="http://www.legislation.gov.uk/id/uksi/2017/1119/regulation/1/1">reg. 1(1)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2017-12-08" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect URI="http://www.legislation.gov.uk/id/effect/key-72d105a36820efcc2cdd06142733f2c2" AffectedYear="1986" AffectedNumber="45" AffectedClass="UnitedKingdomPublicGeneralAct" Comments="This amendment is to 1986 c 44 - This amendment is to 1986 c 44 - This amendment is to 1986 c 44 - This amendment is to 1986 c 44" EffectId="key-72d105a36820efcc2cdd06142733f2c2" Type="words substituted" AffectedProvisions="s. 41HB(2)" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2018/14" AffectingEffectsExtent="E+W+S" AffectingProvisions="s. 1(3)(b)" AffectingYear="2018" Row="9" Modified="2024-04-09T12:19:51Z" AffectingNumber="14" AffectingClass="UnitedKingdomPublicGeneralAct" RequiresApplied="false" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1986/45"><ukm:AffectedTitle>Insolvency Act 1986</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="section-41HB-2" URI="http://www.legislation.gov.uk/id/ukpga/1986/45/section/41HB/2" err:Ref="Section missing in legislation" Missing="true">s. 41HB(2)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Smart Meters Act 2018</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-1-3-b" URI="http://www.legislation.gov.uk/id/ukpga/2018/14/section/1/3/b">s. 1(3)(b)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-14-2" URI="http://www.legislation.gov.uk/id/ukpga/2018/14/section/14/2">s. 14(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2018-05-23" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingURI="http://www.legislation.gov.uk/id/wsi/2022/1172" AffectingProvisions="Regulations" AffectingClass="WelshStatutoryInstrument" AffectedNumber="45" URI="http://www.legislation.gov.uk/id/effect/key-17a8487f316137b8728b9617c1380f4e" RequiresApplied="true" AffectingNumber="1172" AffectedProvisions="Act" AffectedYear="1986" Row="6" Comments="NB appended commentary added to effects by 2022 SI1166, so no further action required for this effect" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1986/45" EffectId="key-17a8487f316137b8728b9617c1380f4e" AffectingTerritorialApplication="W" Modified="2024-01-29T13:48:38Z" AffectedClass="UnitedKingdomPublicGeneralAct" Type="savings and transitional provisions for amendments by S.I. 2022/1166" AffectedExtent="E+W+S+N.I." AffectingEffectsExtent="E+W" AffectingYear="2022"><ukm:AffectedTitle>Insolvency Act 1986</ukm:AffectedTitle><ukm:AffectedProvisions>Act</ukm:AffectedProvisions><ukm:AffectingTitle>The Renting Homes (Wales) Act 2016 (Saving and Transitional Provisions) Regulations 2022</ukm:AffectingTitle><ukm:AffectingTitle xml:lang="cy">Rheoliadau Deddf Rhentu Cartrefi (Cymru) 2016 (Darpariaethau Arbed a Darpariaethau Trosiannol) 2022</ukm:AffectingTitle><ukm:AffectingProvisions>Regulations</ukm:AffectingProvisions><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedYear="1986" AffectingClass="UnitedKingdomPublicGeneralAct" AffectingYear="2025" Type="inserted" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1986/45" AffectedProvisions="Sch. 6 para. 13(2)(za)" URI="http://www.legislation.gov.uk/id/effect/key-5adecae962aaafb5388bb75433fa0445" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingProvisions="Sch. 2 para. 1" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2025/36" Row="413" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedNumber="45" RequiresApplied="true" AffectingNumber="36" Modified="2026-03-27T16:56:02Z" EffectId="key-5adecae962aaafb5388bb75433fa0445"><ukm:AffectedTitle>Insolvency Act 1986</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-6" URI="http://www.legislation.gov.uk/id/ukpga/1986/45/schedule/6">Sch. 6 </ukm:Section><ukm:Section Ref="schedule-6-paragraph-13-2-za" URI="http://www.legislation.gov.uk/id/ukpga/1986/45/schedule/6/paragraph/13/2/za" FoundRef="schedule-6-paragraph-13">para. 13(2)(za)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Employment Rights Act 2025</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2025/36/schedule/2">Sch. 2 </ukm:Section><ukm:Section Ref="schedule-2-paragraph-1" URI="http://www.legislation.gov.uk/id/ukpga/2025/36/schedule/2/paragraph/1">para. 1</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-159-3" URI="http://www.legislation.gov.uk/id/ukpga/2025/36/section/159/3">s. 159(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata><ukm:Alternatives><ukm:Alternative Date="2025-03-20" Size="23326705" URI="http://www.legislation.gov.uk/ukpga/1986/45/pdfs/ukpga_19860045_en.pdf" Print="true"/></ukm:Alternatives><ukm:Statistics><ukm:TotalParagraphs Value="1216"/><ukm:BodyParagraphs Value="651"/><ukm:ScheduleParagraphs Value="565"/><ukm:AttachmentParagraphs Value="0"/><ukm:TotalImages Value="0"/></ukm:Statistics></proprietary></meta><body eId="body"><part eId="part-IX"><num>
          
          
          
          
          
          Part IX</num><heading> Bankruptcy</heading><chapter eId="part-IX-chapter-IV"><num>Chapter IV</num><heading> Administration by Trustee</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-IX-chapter-IV-crossheading-acquisition-control-and-realisation-of-bankrupts-estate"><heading> Acquisition, control and realisation of bankrupt’s estate</heading><section eId="section-310" uk:target="true"><num>310</num><heading> Income payments orders.</heading><subsection eId="section-310-1"><num>(1)</num><content><p>The court may <noteRef href="#c18630651" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>. . .  make an order (“an income payments order”) claiming for the bankrupt’s estate so much of the income of the bankrupt during the period for which the order is in force as may be specified in the order.</p></content></subsection><subsection eId="section-310-1A"><num><ins class="first" ukl:ChangeId="d29p22146" ukl:CommentaryRef="c15579601"><noteRef uk:name="commentary" href="#c15579601" class="commentary"/>(1A)</ins></num><intro><p><ins ukl:ChangeId="d29p22146" ukl:CommentaryRef="c15579601">An income payments order may be made only on an application instituted—</ins></p></intro><level class="para1" eId="section-310-1A-a"><num><ins ukl:ChangeId="d29p22146" ukl:CommentaryRef="c15579601">(a)</ins></num><content><p><ins ukl:ChangeId="d29p22146" ukl:CommentaryRef="c15579601">by the trustee, and</ins></p></content></level><level class="para1" eId="section-310-1A-b"><num><ins ukl:ChangeId="d29p22146" ukl:CommentaryRef="c15579601">(b)</ins></num><content><p><ins class="last" ukl:ChangeId="d29p22146" ukl:CommentaryRef="c15579601">before the discharge of the bankrupt.</ins></p></content></level></subsection><subsection eId="section-310-2"><num>(2)</num><content><p>The court shall not make an income payments order the effect of which would be to reduce the income of the bankrupt  <ins class="first last" ukl:ChangeId="d29p22172" ukl:CommentaryRef="c15579611"><noteRef uk:name="commentary" href="#c15579611" class="commentary"/>when taken together with any payments to which subsection (8) applies</ins> below what appears to the court to be necessary for meeting the reasonable domestic needs of the bankrupt and his family.</p></content></subsection><subsection eId="section-310-3"><num>(3)</num><intro><p>An income payments order shall, in respect of any payment of income to which it is to apply, either—</p></intro><level class="para1" eId="section-310-3-a"><num>(a)</num><content><p>require the bankrupt to pay the trustee an amount equal to so much of that payment as is claimed by the order, or</p></content></level><level class="para1" eId="section-310-3-b"><num>(b)</num><content><p>require the person making the payment to pay so much of it as is so claimed to the trustee, instead of to the bankrupt.</p></content></level></subsection><subsection eId="section-310-4"><num>(4)</num><content><p>Where the court makes an income payments order it may, if it thinks fit, discharge or vary any attachment of earnings order that is for the time being in force to secure payments by the bankrupt.</p></content></subsection><subsection eId="section-310-5"><num>(5)</num><content><p>Sums received by the trustee under an income payments order form part of the bankrupt’s estate.</p></content></subsection><subsection eId="section-310-6"><num><ins class="first" ukl:ChangeId="d29p22206" ukl:CommentaryRef="c15579621"><noteRef uk:name="commentary" href="#c15579621" class="commentary"/>(6)</ins></num><intro><p><ins ukl:ChangeId="d29p22206" ukl:CommentaryRef="c15579621">An income payments order must specify the period during which it is to have effect; and that period—</ins></p></intro><level class="para1" eId="section-310-6-a"><num><ins ukl:ChangeId="d29p22206" ukl:CommentaryRef="c15579621">(a)</ins></num><content><p><ins ukl:ChangeId="d29p22206" ukl:CommentaryRef="c15579621">may end after the discharge of the bankrupt, but</ins></p></content></level><level class="para1" eId="section-310-6-b"><num><ins ukl:ChangeId="d29p22206" ukl:CommentaryRef="c15579621">(b)</ins></num><content><p><ins ukl:ChangeId="d29p22206" ukl:CommentaryRef="c15579621">may not end after the period of three years beginning with the date on which the order is made.</ins></p></content></level></subsection><subsection eId="section-310-6A"><num><ins ukl:ChangeId="d29p22206" ukl:CommentaryRef="c15579621">(6A)</ins></num><content><p><ins class="last" ukl:ChangeId="d29p22206" ukl:CommentaryRef="c15579621">An income payments order may (subject to subsection (6)(b)) be varied on the application of the trustee or the bankrupt (whether before or after discharge).</ins></p></content></subsection><subsection eId="section-310-7"><num>(7)</num><content><p>For the purposes of this section the income of the bankrupt comprises every payment in the nature of income which is from time to time made to him or to which he from time to time becomes entitled, including any payment in respect of the carrying on of any business or in respect of any office or employment  <ins class="first" ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631"><noteRef uk:name="commentary" href="#c15579631" class="commentary"/>and </ins><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631"><ins class="first last" ukl:ChangeId="d29p22241" ukl:CommentaryRef="c15579641"><noteRef uk:name="commentary" href="#c15579641" class="commentary"/>

					(despite anything in section 11 or 12 of the Welfare Reform and Pensions Act 1999)</ins></ins><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631"> any payment under a pension scheme but excluding any payment to which subsection (8) applies..</ins></p></content></subsection><subsection eId="section-310-8"><num><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631">(8)</ins></num><intro><p><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631">This subsection applies to—</ins></p></intro><level class="para1" eId="section-310-8-a"><num><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631">(a)</ins></num><content><p><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631">payments by way of guaranteed minimum pension; </ins><noteRef href="#key-a096de1a4ee02aae53589d099aed82e2" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631">...</ins></p></content></level><level class="para1" eId="section-310-8-b"><num><noteRef href="#key-a096de1a4ee02aae53589d099aed82e2" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631">(b)</ins></num><content><p><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</ins></p></content></level></subsection><subsection eId="section-310-9"><num><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631">(9)</ins></num><content><p><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631">In this section, “</ins><term refersTo="#term-guaranteed-minimum-pension" eId="term-guaranteed-minimum-pension"><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631">guaranteed minimum pension</ins></term><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631">”  </ins><ins ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631"><ins class="substitution first last" ukl:ChangeId="key-08a4af40c92781c1b31c3d7a1b8a6eda-1494946731685" ukl:CommentaryRef="key-08a4af40c92781c1b31c3d7a1b8a6eda"><noteRef uk:name="commentary" href="#key-08a4af40c92781c1b31c3d7a1b8a6eda" class="commentary"/>has</ins></ins><ins class="last" ukl:ChangeId="d29p22239" ukl:CommentaryRef="c15579631">  the same meaning as in the Pension Schemes Act 1993.</ins></p></content></subsection></section></hcontainer></chapter></part></body></act></akomaNtoso>