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The Insolvency (Amendment) Rules 2010

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Amendment to Rule 1.10

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8.—(1) Rule 1.10 (preparation of proposal) is amended as follows.

(2) For paragraph (1) substitute—

“(1) The responsible insolvency practitioner’s proposal must specify all such matters as under Rule 1.3 (subject to paragraph (3) below) in Chapter 2 the directors of the company would be required to include in a proposal by them, with the addition, where the company is in administration or liquidation, of the nature and amount of its preferential creditors.”.

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