Section 108 of the Principal Act is amended by -

(a) the deletion of subsection (6), and

(b) the substitution of the following for subsections (8) and (9):

"(8)

(a) Where, at the taking of a vote at a creditors' meeting in accordance with subsection (1), no creditor votes, the proposed Personal Insolvency Arrangement shall be deemed to have been approved under this section.

(b) Where, at the taking of a vote at a creditors' meeting in accordance with subsection (1), the proposal is not approved in accordance with that subsection or deemed under paragraph (a) to have been approved, subject to section 115A, the Personal Insolvency Arrangement procedure shall terminate and the protective certificate issued under section 95 shall cease to have effect.".