Bankrupts Act 1806
| Jurisdiction | UK Non-devolved |
| Citation | 1806 c. 135 |
| Year | 1806 |
(46 Geo. 3) C A P. CXXXV.
[22d July 1806]
'WHEREAS great Inconveniences and Injustice have been occasioned by reason of the fair and honest Dealings and Transactions of and with Traders being defeated by secret Acts of Bankruptcy in Cases not already provided for, or not sufficiently provided for by Law;' for Remedy thereof, be it enacted by the King's most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, That in all Cases of Commissions of Bankrupt hereafter to be issued, all Conveyances by, all Payments by and to, and all Contracts and other Dealings and Transactions by and with, any Bankruptbon fide made or entered into more than Two Calendar Months before the Date of such Commission, shall, notwithstanding any prior Act of Bankruptcy committed by such Bankrupt, be good and effectual to all Intents and Purposes whatsoever, in like Manner as if no such prior Act of Bankruptcy had been committed, provided the Person or Persons so dealing with such Bankrupt had not at the Time of such Conveyance, Payment, Contract, Dealing or Transaction, any Notice of any prior Act of Bankruptcy by such Bankrupt committed, or that he was insolvent, or had stopped Payment.
II Bona side Creditors shall be admitted to prove Debts, notwithstanding any secret Act of Bankruptcy.
II. And be it further enacted, That in all Cases of Commissions of Bankrupt hereafter to be issued, all and every Person and Persons with whom the Bankrupt shall have really andbon fide contracted any Debt or Debts before the Date and suing forth of such Commission, which, if contracted before any Act of Bankruptcy committed, might have been proved under such Commission, shall, notwithstanding any prior Act of Bankruptcy may have been committed by the Bankrupt, be admitted to prove such Debt or Debts, and to stand and be a Creditor under such Commission to all Intents and Purposes whatever, in like Manner as if no such prior Act of Bankruptcy had been committed by such Bankrupt, provided such Creditor or Creditors had not, at the Time of such Debt or Debts being contracted, any Notice of any prior Act of Bankruptcy by such Bankrupt committed.
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