C1 PART IXBANKRUPTCY

Annotations:

CHAPTER IBANKRUPTCY PETITIONS; BANKRUPTCY ORDERS

Other cases for special consideration

Default in connection with voluntary arrangement250

1

The High Court shall not make a bankruptcy order on a petition under Article 238(1)(c) (supervisor of, or person bound by, voluntary arrangement proposed and approved) unless it is satisfied—

a

that the debtor has failed to comply with his obligations under the voluntary arrangement, or

b

that information which was false or misleading in any material particular or which contained material omissions—

i

was contained in any statement of affairs or other document supplied by the debtor under Part VIII to any person, or

ii

was otherwise made available by the debtor to his creditors at or in connection with a meeting summoned under that Part, or

c

that the debtor has failed to do all such things as may for the purposes of the voluntary arrangement have been reasonably required of him by the supervisor of the arrangement.

2

Where a bankruptcy order is made on a petition under Article 238(1)(c), any costs properly incurred as costs of the administration of the voluntary arrangement in question shall be a first charge on the bankrupt's estate.

Petition in respect of a solicitor251

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