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Statute of Bankrupts

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obtained by credit of other men, for their own pleasure and delicate living, against all reason, equity and good conscience ...the Lord Chancellor  ... shall have power and authority by virtue of this Act to take ... imprisonment of their bodies or otherwise, as also with their and to make sale of said for true satisfaction and payment of the said creditors, that is to say; to every of the said creditors a portion,
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The act contained an extremely long preamble which denounced debtors acting in fraud of their creditors, directed that the bodies of the offenders and all of their assets be taken by the requisite authorities and the assets be sold to pay their creditors "a portion, rate and rate alike, according to
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Where divers and sundry persons craftily obtaining into their hands great substance of other men’s goods do suddenly flee to parts unknown or keep their houses, not minding to pay or restore to any their creditors their debts and duties, but at their own will and pleasure consume the substance
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the quantity of their debts". Thereby the first bankruptcy statute also imported into English law for the first time the
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British Eagle International Airlines Ltd v Compagnie Nationale Air France
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National Westminster Bank Ltd v Halesowen Presswork & Assemblies Ltd
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rate and rate like, according to the quantity of their debt
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These principles would later be heavily underscored by the
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An Acte againste suche persones as doo make Bankrupte
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It was repealed by section 1 of the 2616:Acts of the Northern Ireland Assembly 222:Text of statute as originally enacted 7: 2806:Insolvency law of the United Kingdom 2722: 2720: 2687:United Kingdom statutory instruments 47:adding citations to reliable sources 2744:. You can help Knowledge (XXG) by 14: 2724: 137: 23: 2801:Bankruptcy in England and Wales 2588:Acts of the Scottish Parliament 34:needs additional citations for 2692:Scottish statutory instruments 1: 2709:Church of England instruments 388:Pre-parliamentary legislation 419:the Kingdom of Great Britain 2832: 2719: 123:United Kingdom legislation 1047:Acts of Parliament of the 136: 131: 1364:of the United Kingdom of 1050:Kingdom of Great Britain 395:List of English statutes 833:Interregnum (1642–1660) 1027:Parliament of Scotland 317: 58:"Statute of Bankrupts" 2816:England statute stubs 2679:Secondary legislation 1334:Parliament of Ireland 426:Parliament of England 247:Parliament of England 144:Parliament of England 2600:Acts of Senedd Cymru 2531:European Communities 400:Charter of Liberties 346:, 3rd ed., para 1-05 231:Statute of Bankrupts 127:Statute of Bankrupts 43:improve this article 2505:Halsbury's Statutes 417:of states preceding 415:Acts of parliaments 263:Bankruptcy Act 1825 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"Statute of Bankrupts"
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JSTOR
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Parliament of England
Long title
Citation
34 & 35 Hen. 8
Royal assent
Repealed by
Bankruptcy Act 1825
Text of statute as originally enacted
34 & 35 Hen. 8
act
Parliament of England
English law
bankruptcy
insolvency
Bankruptcy Act 1825
6 Geo. 4
pari passu
House of Lords
National Westminster Bank Ltd v Halesowen Presswork & Assemblies Ltd

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