SCHEDULE 1Amendments to the Insolvency Rules 1986

Amendments to Rule 1.5

4.

(1)

Rule 1.5 (statement of affairs) is amended as follows.

(2)

In paragraph (1)—

(a)

for “within 7 days after their” substitute “at the same time as the”;

(b)

omit “or within such longer time as he may allow,”.

(3)

For paragraph (4), substitute—

“The statement must be verified by a statement of truth made by at least one director.”.