Small Business, Enterprise and Employment Act 2015 (c. 26)

SCHEDULES

SCHEDULE 9 Abolition of requirements to hold meetings; opted-out creditors

PART 2 Individual insolvency

Individual voluntary arrangements

68 (1) Section 261 (additional effect on undischarged bankrupt) is amended as follows.

(2) In subsection (1)(a), for “the creditors’ meeting summoned under section 257 approves” substitute “pursuant to section 257 the debtor’s creditors decide to approve”.

(3) In subsection (3)(a), for “decision of the creditors’ meeting” substitute “creditors’ decision”.