SCHEDULES

SCHEDULE 9Abolition of requirements to hold meetings; opted-out creditors

PART 2Individual insolvency

Individual voluntary arrangements

I1I262

1

Section 256A (nominee's report on debtor's proposal) is amended as follows.

2

At the end of subsection (3)(a) insert “ and ”.

3

In subsection (3)(b)—

a

for “a meeting of the debtor's creditors should be summoned to” substitute “ the debtor's creditors should ”;

b

omit “, and”.

4

Omit subsection (3)(c).