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Disqualifications to become inapplicable in certain cases. 5.(1) The disqualifications to which a person adjudged bankrupt is subject under section 4(1)(b) shall cease (a)if the adjudication of bankruptcy is annulled, on the date of annulment; or (b)if he obtains from the High Court either [together with or subsequent to the issue of his certificate of conformity, a further certificate that in the opinion of the Court his bankruptcy was caused by misfortune without any misconduct on his part, on the date of the issue of his certificate of conformity] [at the time of or subsequent to his discharge from bankruptcy a certificate that in the opinion of the Court his bankruptcy was caused by misfortune without any misconduct on his part, on the date of his discharge]; or (c)in any other case, on the expiration of five years from the date of the issue of his certificate of conformity [or from the date on which he is discharged from his bankruptcy by an absolute order of discharge under Article 28 or 30 of the Bankruptcy Amendment (Northern Ireland) Order 1980, or by virtue of the expiration of the period or the satisfaction of any requirement specified by a suspended or conditional order of discharge under that Article, or by virtue of Article 29(2) or (4) (automatic discharge) of that Order]; (2) The disqualifications to which a person who has made a composition or arrangement with his creditors is subject under section 4(1)(b) shall cease (a)if he pays his debts in full, on the date on which the payment is completed; or (b)in any other case, on the expiration of five years from the date on which the terms of the deed of composition or arrangement have been fully implemented.
© 1972 Crown Copyright
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