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Office-holder actions (ss. 117-119) |
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117. Power for administrator to bring claim for fraudulent or wrongful trading |
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118. Power for liquidator or administrator to assign causes of action |
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119. Application of proceeds of office-holder claims |
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Removing requirements to seek sanction (ss. 120-121) |
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120. Exercise of powers by liquidator: removal of need for sanction |
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121. Exercise of powers by trustee in bankruptcy: removal of need for sanction |
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Position of creditors (ss. 122-126) |
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122. Abolition of requirements to hold meetings: company insolvency |
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123. Abolition of requirements to hold meetings: individual insolvency |
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124. Ability for creditors to opt not to receive certain notices: company insolvency |
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125. Ability for creditors to opt not to receive certain notices: individual insolvency |
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126. Sections 122 to 125: further amendments |
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Administration (ss. 127-130) |
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127. Extension of administrator's term of office |
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128. Administration: payments to unsecured creditors |
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129. Administration: sales to connected persons |
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130. Attachment of floating charges on administration (Scotland) |
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Small debts (ss. 131-132) |
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131. Creditors not required to prove small debts: company insolvency |
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132. Creditors not required to prove small debts: individual insolvency |
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Trustees in bankruptcy (s. 133) |
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133. Trustees in bankruptcy |
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Voluntary arrangements (ss. 134-135) |
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134. Time limit for challenging IVAs |
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135. Abolition of fast-track voluntary arrangements |
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Progress reports (s. 136) |
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136. Voluntary winding-up: progress reports |
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Regulation of insolvency practitioners: amendments to existing regime (ss. 137-143) |
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137. Recognised professional bodies: recognition |
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138. Regulatory objectives |
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139. Oversight of recognised professional bodies |
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140. Recognised professional bodies: revocation of recognition |
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141. Court sanction of insolvency practitioners in public interest cases |
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142. Power for Secretary of State to obtain information |
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143. Compliance orders |
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Power to establish single regulator of insolvency practitioners (ss. 144-146) |
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144. Power to establish single regulator of insolvency practitioners |
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145. Regulations under section 144: designation of existing body |
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146. Regulations under section 144: timing and supplementary |
