SCHEDULES

F1SCHEDULE 10Restriction on Winding-Up Petitions: Great Britain

Annotations:

Modification of Insolvency Rules and Rules of Court

2

1

This paragraph applies in relation to a petition which is presented in England and Wales by a creditor under section 124 of the 1986 Act during the relevant period.

2

Rule 7.5(1) of the Insolvency Rules has effect as if it also required the petition to contain a statement—

a

that the requirements in paragraph 1 of this Schedule are met, and

b

that no proposals for the payment of the debt have been made, or a summary of the reasons why the proposals are not to the creditor’s satisfaction (as the case may be).