The Insolvency (Amendment) Rules 2012

• Citation: S.I. 2012/469
• Sections: 3

Section 1 Citation and commencement

These Rules may be cited as the Insolvency (Amendment) Rules 2012 and come into force on 19th March 2012.

Section 2 Transitional Provisions

(1) The amendment made by rule 3(2) applies where an application is made for a debt relief order on or after 19th March 2012

(2) The amendments made by rule 3(3) and (4) apply only in relation to petitions for bankruptcy where the petition is presented on or after 19th March 2012

Section 3 Amendments to the Insolvency Rules 1986

(1) The Insolvency Rules 1986 are amended as follows.

(2) In Rule 5A.2 (excluded debts), in the definition of “excluded debt”—

(a) at the end of sub-paragraph (c) omit “and”;

(b) after sub-paragraph (d), add—

; and

(e) any obligation arising from a payment out of the social fund under section 138(1)(b) of the Social Security Contributions and Benefits Act 1992 by way of crisis loan or budgeting loan.

(3) In Rule 6.223 (bankrupt’s debts surviving discharge), at the end add “or any obligation arising from a payment out of the social fund under section 138(1)(b) of the Social Security Contributions and Benefits Act 1992 by way of crisis loan or budgeting loan.”.

(4) In Rule 12.3 (provable debts), in sub-paragraph (2)(b), at the end add “or any obligation arising from a payment out of the social fund under section 138(1)(b) of the Social Security Contributions and Benefits Act 1992 by way of crisis loan or budgeting loan.”.