Schedule 9, Part 2 Individual Insolvency (paras. 60-88)

Section 126

Introductory

60 The Insolvency Act 1986 is amended in accordance with this Part of this Schedule.

Individual voluntary arrangements

61

(1) Section 256 (nominee's report on debtor's proposal) is amended as follows.

(2) At the end of subsection (1)(a) insert "and".

(3) In subsection (1)(aa) -

(a) for "a meeting of the debtor's creditors should be summoned to" substitute "the debtor's creditors should";

(b) omit ", and".

(4) Omit subsection (1)(b).

(5) In subsection (5) for "a meeting of the debtor's creditors should be summoned to" substitute "the debtor's creditors should".

(6) In subsection (6), for "a meeting of the debtor's creditors to be summoned" substitute "the debtor's creditors".

62

(1) Section 256A (nominee's report on debtor's proposal) is amended as follows.

(2) At the end of subsection (3)(a) insert "and".

(3) In subsection (3)(b) -

(a) for "a meeting of the debtor's creditors should be summoned to" substitute "the debtor's creditors should";

(b) omit ", and".

(

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