Search Legislation

The Insolvency (England and Wales) Rules 2016

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 8

 Help about opening options

Changes to legislation:

There are currently no known outstanding effects for the The Insolvency (England and Wales) Rules 2016, Section 8. Help about Changes to Legislation

Report of the creditors' consideration of a proposalE+W

This section has no associated Explanatory Memorandum

8.24.—(1) A report of the creditors' consideration of a proposal must be prepared by the convener or, if the proposal is considered at a meeting, by the chair.

(2) The report must—

(a)state whether the proposal was approved or rejected and, if approved, with what (if any) modifications;

[F1(b)list the creditors who voted or attended or who were represented at the meeting or decision procedure (as applicable) used to consider the proposal, setting out (with their respective values) how they voted on each resolution or whether they abstained;]

(c)if the proposal was approved, state whether the proceedings are main, territorial or [F2non-EU proceedings] and the reasons for so stating; and

(d)include such further information as the nominee or the chair thinks appropriate.

(3) Where an interim order was obtained a copy of the report must be filed with the court, within four business days of the decision date.

(4) The court must endorse the copy of the report with the date of filing.

(5) The nominee must give notice of the result of the consideration to—

(a)everyone who was invited to consider the proposal and to whom notice of the decision procedure was delivered;

(b)any other creditor; and

(c)where the debtor is an undischarged bankrupt, the official receiver and any trustee.

(6) The notice must be given—

(a)where an interim order was obtained, as soon as reasonably practicable after a copy of the report is filed with the court; or

(b)where an interim order was not obtained, within four business days of the decision date.

Back to top

Options/Help

You have chosen to open The Whole Instrument without Schedules

The Whole Instrument without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Instrument without Schedules as a PDF

The Whole Instrument without Schedules you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?