Part 2 Individual Insolvency
Small Business, Enterprise and Employment Act 2015 (2015 c 26) | Legislation

Part 2 Individual Insolvency

Introductory

60

The Insolvency Act 1986 is amended in accordance with this Part of this Schedule.

Individual voluntary arrangements

61

(1)     Section 256 (nominee's report on debtor's proposal) is amended as follows.

(2)     At the end of subsection (1)(a) insert “andâ€.

(3)     In subsection (1)(aa)—

(a)     for “a meeting of the debtor's creditors should be summoned to†substitute “the debtor's creditors shouldâ€;

(b)     omit “, andâ€.

(4)     Omit subsection (1)(b).

(5)     In subsection (5) for “a meeting of the debtor's creditors should be summoned to†substitute “the debtor's creditors shouldâ€.

(6)     In subsection (6), for “a meeting of the debtor's creditors to be summoned†substitute “the debtor's creditorsâ€.

62

(1)     Section 256A (nominee's report on debtor's proposal) is amended as follows.

(2)     At the end of subsection (3)(a) insert “andâ€.

(3)     In subsection (3)(b)—

(a)     for “a meeting of the debtor's creditors should be summoned to†substitute “the debtor's creditors shouldâ€;

(b)     omit “, andâ€.

(4)     Omit subsection (3)(c).

63

In the heading before section 257, for “meeting†substitute “decisionsâ€.

64

(1)     Section 257 (summoning of creditors' meeting) is amended as follows.

(2)     For

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