PART 10Insolvency
Voluntary arrangements
135Abolition of fast-track voluntary arrangements
1
Omit sections 263A to 263G of the Insolvency Act 1986 (fast-track voluntary arrangements (England and Wales)) and the cross heading immediately before section 263A.
2
In consequence of the repeals made by subsection (1), in the Insolvency Act 1986—
a
in section 282 (court's power to annul bankruptcy order), in subsection (4), omit “or 263D”, and
b
in Schedule 4A (bankruptcy restrictions order and undertaking), in paragraph 11, omit “, 263D”.
3
Also in consequence of the repeals made by subsection (1), in the Enterprise Act 2002—
a
omit section 264(2) to (4) (orders to extend application of provisions of sections 263B to 263G of the Insolvency Act 1986),
b
in Schedule 22, omit paragraph 2 (fast-track voluntary arrangements) and the heading immediately before it, and
c
in Schedule 23 (minor and consequential amendments), omit paragraph 4(a) and the “and” immediately after it.
4
The repeals made by this section have no effect in relation to a case where a debtor has submitted the document and statement mentioned in section 263B(1) to the official receiver before this section comes into force.