Insolvency Act 1986

[F1 Creditors’ meeting] E+W

Textual Amendments

F1 Cross-heading preceding s. 256A, s. 256A and cross-heading before s. 257 inserted (1.1.2003) by 2000 c. 39, s. 3, Sch. 3 para. 7; S.I. 2002/2711, art. 2 (subject to transitional provisions in arts. 3-5)

257 Summoning of creditors’ meeting. E+W

(1) Where it has been reported to the court under section 256 [F2 or 256A]that a meeting of the debtor’s creditors should be summoned, the nominee (or his replacement under section [F3 256(3) or 256A(4)]) shall, unless the court otherwise directs, summon that meeting for the time, date and place proposed in his report.

(2) The persons to be summoned to the meeting are every creditor of the debtor of whose claim and address the person summoning the meeting is aware.

(3) For this purpose the creditors of a debtor who is an undischarged bankrupt include—

(a) every person who is a creditor of the bankrupt in respect of a bankruptcy debt, and

(b) every person who would be such a creditor if the bankruptcy had commenced on the date on which notice of the meeting is given.

Textual Amendments

F2 Words in s. 257(1) inserted (1.1.2003) by 2000 c. 39, s. 3, Sch. 3 para. 8(a); S.I. 2002/2711, art. 2 (subject to transitional provisions in arts. 3-5)

F3 Words in s. 257(1) substituted (1.1.2003) by 2000 c. 39, s. 3, Sch. 3 para. 8(b); S.I. 2002/2711, art. 2 (subject to transitional provisions in arts. 3-5)

Modifications etc. (not altering text)

C1 Ss. 256–263 applied with modifications by S.I. 1986/1999, art. 3, Sch. I Pt. III

C2 S. 257 amended (1.12.2001) by 2000 c. 8, s. 357(1); S.I. 2001/3538, art. 2(1)