Insolvency Act 1986I114

1

The Insolvency Act 198665 is amended as follows.

2

In section 283 (definition of bankrupt’s estate), in subsection (3A)66—

a

after paragraph (a), insert—

aa

a standard contract within the meaning of section 8 of the Renting Homes (Wales) Act 2016 (anaw 1) and the terms of which inhibit an assignment as mentioned in section 127(5) of the Rent Act 1977 (c. 42), or

b

at the end of paragraph (d), for the full stop, substitute “, or”;

c

after paragraph (d), insert—

e

a secure contract within the meaning of section 8 of the Renting Homes (Wales) Act 2016 (anaw 1) which is not capable of being assigned, except—

i

in the cases mentioned in section 251 (family property order) of that Act,

ii

in accordance with section 9267 (assignment by way of exchange) of the Housing Act 1985 (c. 68), or

iii

to a person who would be qualified to succeed the contract-holder if the contract-holder died immediately before the assignment.