The Bankruptcy Act 1914 ( 4 & 5 Geo. 5. c. 59) was an Act of the

Parliament of the United Kingdom The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster, London. It alone possesses legislative suprema ...

which formed the primary source of

UK insolvency law United Kingdom insolvency law regulates companies in the United Kingdom which are unable to repay their debts. While UK bankruptcy law concerns the rules for natural persons, the term insolvency is generally used for companies formed under the ...

for approximately 70 years. It came into force on 1 January 1915 repealing a number of earlier statutes. It was substantially repealed by the short-lived Insolvency Act 1985. The Act is generally regarded as a consolidation of earlier statutes relating to bankruptcy. Although the Act is expressed solely with reference to the bankruptcy of individuals, section 317 of the

Companies Act 1948 The Companies Act 1948 (11 & 12 Geo.6 c.38) was an Act of the Parliament of the United Kingdom, which regulated UK company law. Its descendant is the Companies Act 2006. Cases decided under this Act *''Bushell v Faith'' 970AC 1099 *''Scottish ...

applied many of its provisions to corporate insolvencies.That section provides: "''In the winding up of an insolvent company ... the same rules shall prevail and be observed with regard to the respective rights of secured and unsecured creditors and to, debts provable ... as are in force for the time being under the law of bankruptcy in England with respect to the estates of persons adjudged bankrupt, ...''"

Notes

{{UK legislation United Kingdom Acts of Parliament 1914 Insolvency law of the United Kingdom