# Bankruptcy Act 1705

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Act of the Parliament of England

Bankruptcy Act 1705 Act of Parliament Parliament of England Long title An Act to prevent Frauds frequently committed by Bankrupts. Citation 4 & 5 Ann. c. 4[a] 4 Ann. c. 17[b] Territorial extent England and Wales Dates Royal assent 19 March 1706 Commencement 25 October 1705[c] Repealed 15 July 1867 Other legislation Amended by Bankrupts Act 1706 Perpetuation, etc. of Acts 1708 Repealed by Statute Law Revision Act 1867 Status: Repealed Text of statute as originally enacted

The **Bankruptcy Act 1705** ([4 & 5 Ann.](/source/4_%26_5_Ann.) c. 4)[a] was an [act](/source/Act_of_Parliament_(United_Kingdom)) of the [Parliament of England](/source/Parliament_of_England).

## Provisions

Under the act, the [Lord Chancellor](/source/Lord_Chancellor) was given power to discharge bankrupts, once disclosure of all assets and various procedures had been fulfilled.

Discharge from debt was introduced for those who cooperated with creditors. The discharge took effect once a bankrupt obtained a certificate of the bankruptcy commissioners providing that there has been full disclosure and adherence to their directions.

## Subsequent developments

The act was continued until the end of the next session of parliament 5 years after 25 April 1709 by section 4 of the [Perpetuation, etc. of Acts 1708](/source/Perpetuation%2C_etc._of_Acts_1708) ([7 Ann.](/source/7_Ann.) c. 25).

The whole act was repealed by section 1 of, and the schedule to, the [Statute Law Revision Act 1867](/source/Statute_Law_Revision_Act_1867) ([30 & 31 Vict.](/source/30_%26_31_Vict.) c. 59), which came into force on 15 July 1867.[1]

## See also

- [UK insolvency law](/source/UK_insolvency_law)

- [UK bankruptcy law](/source/UK_bankruptcy_law)

- [History of bankruptcy law](/source/History_of_bankruptcy_law)

## Notes

1. ^ [***a***](#cite_ref-StatutesOfTheRealm_1-0) [***b***](#cite_ref-StatutesOfTheRealm_1-1) This is the citation in *[The Statutes of the Realm](/source/The_Statutes_of_the_Realm)*.

1. **[^](#cite_ref-StatutesAtLarge_2-0)** This is the citation in *[The Statutes at Large](/source/The_Statutes_at_Large)*.

1. **[^](#cite_ref-3)** Start of session.

## References

1. **[^](#cite_ref-4)** ["Statute Law Revision Act 1867"](https://legislation.gov.uk/ukpga/Vict/30-31/59/), *[legislation.gov.uk](/source/Legislation.gov.uk)*, [The National Archives](/source/The_National_Archives_(United_Kingdom)), Vict/30-31 c. 59

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