Section 287(6)

For the purpose of subsection (5), a person is independent of the trader in relation to a trust only if— the person has no interest in the assets of the trader or of the trust otherwise than as a trustee of that trust, and the person is neither connected with, nor an associate of— the trader, or any person for the time being acting as an insolvency practitioner in relation to the trader.

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Source: legislation.gov.uk · retrieved 2026-07-30