- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
10.94.—(1) An application by the interim receiver or trustee under section 370(1) for the appointment of a special manager must be supported by a report setting out the reasons for the application. The report must include the applicant’s estimate of the value of the bankrupt’s estate, property or business in relation to which the special manager is to be appointed.
(2) The court’s order appointing the special manager must contain—
(a)identification details for the proceedings;
(b)the name and title of the judge making the order;
(c)the name and postal address of the applicant;
(d)the name and postal address of the proposed special manager;
(e)an order that the proposed special manager is appointed as special manager;
(f)details of the special manager’s responsibility over the debtor’s property or the bankrupt’s estate;
(g)the powers entrusted to the special manager under section 370(4);
(h)the time allowed for the special manager to give the required security for the appointment;
(i)the duration of the special manager’s appointment, being one of the following—
(i)for a fixed period stated in the order,
(ii)until the occurrence of a specified event, or
(iii)until the court makes a further order;
(j)an order that the special manager’s remuneration will be fixed from time to time by the court; and
(k)the date of the order.
(3) The appointment of a special manager may be renewed by order of the court.
Section 370 is amended by paragraph 14 of Schedule 6 to the Deregulation Act 2015 (c.20).
The Whole Instrument you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Instrument you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Instrument without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Instrument without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Instrument you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Instrument without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: