Kalpana Kalpana (Editor)

Insolvent Debtors (England) Act 1813

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Citation
  
53 Geo. 3 c 102

Insolvent Debtors (England) Act 1813

Long title
  
An Act for the Relief of Insolvent Debtors in England

The Insolvent Debtors (England) Act (53 Geo. 3 c 102) was an Act of Parliament passed by the United Kingdom Parliament in 1813, during the reign of King George III.

It was enacted in response to the demands on the prison system imposed by the numbers of those being incarcerated for debt, and some concern for their plight. The Act created a new Court for the Relief of Insolvent Debtors that remained in existence until 1861, under the jurisdiction of a newly appointed Commissioner. Those imprisoned for debt could apply to the court to be released – unless they were in trade or guilty of fraudulent or other dishonest behaviour – by reaching an agreement with their creditors that ensured a fair distribution of their present and future assets.

References

Insolvent Debtors (England) Act 1813 Wikipedia