Section 359(1)

The bankrupt is guilty of an offence if, in the 12 months before the making of the bankruptcy application or (as the case may be) the presentation of the bankruptcy petition, or in the initial period, he disposed of any property which he had obtained on credit and, at the time he disposed of it, had not paid for. Section 352 applies to this offence.

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Source: legislation.gov.uk · retrieved 2026-09-04