Section 124Part 18 — Debts Provable Against the Debtor’s Estate
Postponement of spousal’s and civil partnership’s claims
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Where a spouse, or civil partner, has been adjudged bankrupt, the spouse or civil partner of the adjudged, shall not be entitled to claim any dividend as a creditor in respect of any money or other estate lent or entrusted by that person to that person’s spouse, or civil partner, for the purposes of the adjudged bankrupt’s trade or business until all claims of the other creditors of the adjudged bankrupt for valuable consideration in money or money’s worth have been satisfied.
Where the spouse, or civil partner, has been adjudged bankrupt, any money or other estate of their spouse, or civil partner lent or entrusted to the adjudged bankrupt for the purpose of any trade or business carried on by the adjudged bankrupt or otherwise, shall be treated as assets of the adjudged bankrupt’s estate, and the spouse, or civil partner, shall not be entitled to claim any dividend as a creditor in respect of any such money or other estate until all claims of the other creditors of the adjudged bankrupt for valuable consideration in money or money’s worth have been satisfied.