keep Bankruptcy (Offences) Rules (Repeal)
This legislative instrument repeals the Bankruptcy (Offences) Rules, eliminating a set of criminal offences within the bankruptcy regime. The repeal reduces regulatory complexity and removes unnecessary criminal liabilities for procedural matters.
Deleting this instrument would keep the outdated offences in force, imposing criminal penalties for minor procedural breaches that could otherwise be addressed civilly. These rules increase compliance costs, deter honest entrepreneurs from using bankruptcy protection, and duplicate general fraud laws, harming economic liberty and efficiency.