SCHEDULES

SCHEDULE 3 Individual voluntary arrangements

3

In section 253 (application for interim order)—

a

in subsection (1), after “proposal” there is inserted “ under this Part, that is, a proposal ”,

b

at the end of subsection (2) there is inserted “ and the nominee must be a person who is qualified to act as an insolvency practitioner, or authorised to act as nominee, in relation to the voluntary arrangement ”,

c

in subsection (4), for the words from “his proposal” to “arrangement)” there is substituted “ the proposal ”.