• 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

381. Bankrupt and associated terminology

(1) “Bankrupt” means an individual who has been adjudged bankrupt and, in relation to a bankruptcy order, it means the individual adjudged bankrupt by that order.

(2) “Bankruptcy order” means an order adjudging an individual bankrupt.

(3) “Bankruptcy petition” means a petition to the court for a bankruptcy order.