The Insolvency Rules (Northern Ireland) 1991

Preparation of proposal and notice to nominee

1.12.—(1) The responsible insolvency practitioner shall give notice to the intended nominee, and prepare his proposal for a voluntary arrangement, in the same manner as is required of the directors, in the case of a proposal by them, under Chapter 2.

(2) Rule 1.02 applies to the responsible insolvency practitioner as it applies to the directors; and Rule 1.04 applies as regards the action to be taken by the nominee.

(3) The content of the proposal shall be as required by Rule 1.03 (and, where relevant, Rule 1.10), reading references to the directors as referring to the responsible insolvency practitioner.

(4) Rule 1.06 applies in respect of the information to be furnished to the nominee, reading references to the directors as referring to the responsible insolvency practioner.

(5) With the proposal the responsible insolvency practioner shall provide a copy of the company's statement of affairs.

(6) Where the company is being wound up by the court, the responsible insolvency practitioner shall send a copy of the proposal to the official receiver, accompanied by the name and address of the insolvency practitioner who has agreed to act as nominee.

(7) Rules 1.07 to 1.09 apply as regards a proposal under this Chapter as they apply to a proposal under Chapter 2.

[E.R.1.12]