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This is the original version (as it was originally made).
Applications under section 176A(5) to disapply section 176A
This section has no associated Explanatory Memorandum
12.14.—(1) An application under section 176A(5) must be accompanied by a witness statement of the liquidator, administrator or receiver.
(2) The witness statement must state—
(a)the type of insolvency proceedings in which the application arises;
(b)a summary of the financial position of the company;
(c)the information substantiating the applicant’s view that the cost of making a distribution to unsecured creditors would be disproportionate to the benefits; and
(d)whether any other office-holder is acting in relation to the company and, if so, that office-holder’s address.
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