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ARTICLE · 29 JULY 2009

Bankruptcy In Jersey - An Overview

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Both individual and corporate bankruptcies in Jersey are dealt with by the Bankruptcy (Désastre) (Jersey) Law 1990 (“the Law”).

JerseyInsolvency/Bankruptcy/Re-Structuring
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Both individual and corporate bankruptcies in Jersey are dealt with by the Bankruptcy (Désastre) (Jersey) Law 1990 ("the Law"). An application for a declaration en désastre may be made by a creditor with a liquidated claim in excess of £3,000, the debtor, or in certain cases, the Jersey Financial Services Commission.

An application for a désastre may be made in respect of the property of the following:

  • a person ordinarily resident in Jersey in the 12 months preceding the application
  • a person carrying on business in Jersey in the three years preceding the application
  • a person who has real property in Jersey capable of realization
  • a company incorporated under the Companies (Jersey) Law 1991, as amended ("the Companies Law")

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