• Individual Voluntary Arrangements (IVA's)
• Bankruptcy Return to homepage
  • Bankruptcy Annulment Service
  • Bankruptcy Petition Service
  • Bankruptcy FAQ's
  • Insolvency Act 1986 - Bankruptcy
  • Personal Insolvency Statistics
• Debt Relief Orders (DRO's)
• Debt Management Plans (DMP's)
• Informal Agreement with Creditors
• County Court Administration Order (CCAO)
• Trust Deeds (Scotland)
• Consolidation Loan
• Mis-sold Payment Protection Insurance (PPI)
• Debt Calculator

332. Saving for bankrupt's home

(1) This section applies where -

(a) there is comprised in the bankrupt's estate property consisting of an interest in a dwelling house which is occupied by the bankrupt or by his spouse or former spouse or by his civil partner or former civil partner, and

(b) the trustee has been unable for any reason to realise that property.

(2) The trustee shall not summon a meeting under section 331 unless either -

(a) the court has made an order under section 313 imposing a charge on that property for the benefit of the bankrupt's estate, or

(b) the court has declined, on an application under that section, to make such an order, or

(c) the Secretary of State has issued a certificate to the trustee stating that it would be inappropriate or inexpedient for such an application to be made in the case in question.