Section 261(2)

Section 313 of the Insolvency Act 1986 (c. 45) (charge on bankrupt’s home) shall be amended as follows— in subsection (2) for “, up to the value from time to time of the property secured,” substitute “ , up to the charged value from time to time, ”, after subsection (2) insert— In subsection (2) the charged value means— the amount specified in the charging order as the value of the bankrupt’s interest in the property at the date of the order, plus interest on that amount from the date of the charging order at the prescribed rate. In determining the value of an interest for the purposes of this section the court shall disregard any matter which it is required to disregard by the rules. and at the end insert— But an order under section 3(5) of that Act may not vary a charged value.

← 1 · All articles · 3 →

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