The Insolvency (England and Wales) Rules 2016 No. 1024

[F1 PART 1A E+W MORATORIUMS

Textual Amendments

F1 Pt. 1A inserted (1.10.2021) by The Insolvency (England and Wales) (No.2) (Amendment) Rules 2021 (S.I. 2021/1028), rules 1, 6 (with rules 4, 5)

CHAPTER 9 E+W Termination of moratorium by monitor

Debts that are to be disregarded for the purposes of section A38(1)(d) of the Act E+W

1A.24.   For the purposes of deciding whether to bring a moratorium to an end under section A38(1)(d) the monitor must disregard—

(a) any debts that the monitor has reasonable grounds for thinking are likely to be—

(i) paid, or

(ii) compounded to the satisfaction of the creditor,

within five business days of the decision, and

(b) any debts in respect of which the creditor has agreed to defer payment until a time that is later than the decision.]