Section 140 - Disqualification of bankrupt.

Disqualification of bankrupts restricts public office, trustee roles and local authority participation until modification or discharge.

Disqualification of bankrupts under the Insolvency and Bankruptcy Code imposes immediate restrictions from the bankruptcy commencement date on serving as a trustee or representative of any trust, acting as a public servant, election to offices filled by election, and election or participation in local authority membership; these disqualifications cease if the bankruptcy order is modified or recalled or the individual is discharged, and the term public servant is as defined in the Indian Penal Code.