HC Deb 17 April 1934 vol 288 c877
21. Captain BULLOCK

asked the President of the Board of Trade whether he is aware that, in view of the decision of the courts that Sub-section 2 of Section 51 of the Bankruptcy Act does not apply to the prospective and contingent earnings of a professional man in the exercise of his profession, cases of considerable hardship exist where creditors in poor circumstances are unable to obtain any sums owed to them by persons who have been adjudged bankrupt and subsequently earn substantial sums in the above-mentioned way; and whether he will consider the introduction of amending legislation to deal with this matter?


Any proposal to extend the provisions of Section 51 of the Bankruptcy Act to cases in which future income or earnings are contingent and fluctuating would be attended by serious practical difficulties, but other provisions of the Bankruptcy Act already enable the Official Receiver to intervene on behalf of the creditors in cases where evidence is forthcoming that an undischarged bankrupt is, in fact, earning substantial sums in the exercise of his profession.

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