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Version status: In force | Document consolidation status: No known changes
Version date: 20 November 2015 - onwards
Version 2 of 2

18. Amendment of section 112 of Principal Act

Section 112 of the Principal Act is amended -

(a) by the substitution of the following for subsection (1) (as amended by section 85 of the Courts and Civil Law (Miscellaneous Provisions) Act 2013):

"(1) Where a Personal Insolvency Arrangement is approved at a creditors' meeting in accordance with section 110 or, as the case may be, deemed under section 108 to have been approved, the personal insolvency practitioner shall as soon as practicable after the meeting has concluded notify the Insolvency Service and each creditor concerned of that approval or, as the case may be, deemed approval, which notification shall be accompanied by -

(a)

(i) subject to subparagraph (ii), a certificate with the result of the vote taken at the creditors' meeting, identifying the proportions of the respective categories of votes cast by those voting at the creditors' meeting and stating that the requisite proportions of creditors referred to in section 110(1) have approved the proposal for a Personal Insolvency Arrangement, or

(ii) where the proposal is deemed under section 108(8)(a) (as amended by section 15(b) of the Personal Insolvency (Amendment) Act 2015) to have been approved, a certificate to that effect,

(b) a copy of the approved Personal Insolvency Arrangement, and

(c) a statement by the personal insolvency practitioner to the effect that he or she is of the opinion that -