SCHEDULES
SCHEDULE 9Abolition of requirements to hold meetings; opted-out creditors
PART 2Individual insolvency
Bankruptcy
I1I283
1
Section 331 (final meeting) is amended as follows.
2
For subsection (2) substitute—
2
The trustee must give the bankrupt's creditors (other than opted-out creditors) notice that it appears to the trustee that the administration of the bankrupt's estate is for practical purposes complete.
2A
The notice must—
a
be accompanied by a report of the trustee's administration of the bankrupt's estate;
b
explain the effect of section 299(3)(d) and how the creditors may object to the trustee's release.
3
Omit subsections (3) and (4).
4
In the heading, for “meeting” substitute “
report
”
.