The Bankruptcy Act 1705 (
4 & 5 Ann. c. 4) was an
Act of Parliament of
England.
Content
Under the Act, the Lord Chancellor was given power to discharge bankrupts, once disclosure of all assets and various procedures had been fulfilled.
Discharge from debt was introduced for those who cooperated with creditors. The discharge took effect once a bankrupt obtained a certificate of the bankruptcy commissioners providing that there has been full disclosure and adherence to their directions.
See also
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UK insolvency law
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UK bankruptcy law
Bankruptcy in the United Kingdom is divided into separate local regimes for England and Wales, for Northern Ireland, and for Scotland. There is also a UK insolvency law which applies across the United Kingdom, since bankruptcy refers only to inso ...
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History of bankruptcy law
The history of bankruptcy law begins with the first legal remedies available for recovery of debts. Bankruptcy is the legal status of a legal person unable to repay debts.
Ancient world
In Ancient Greece, bankruptcy did not exist. If a man owed ...
Notes
{{UK legislation
Insolvency law of the United Kingdom
English laws
Acts of the Parliament of England
1705 in law
1700s in British law
1705 in England