Insolvency Act 1986

Administration of individual insolvencyE+W+S

11E+W+SProvision with respect to the certification of the appointment of any person as trustee of a bankrupt’s estate and as to the proof of that appointment.

[F111A(1)Provision about the making of decisions by creditors, including provision—E+W+S

(a)prescribing particular procedures by which creditors may make decisions;

(b)authorising the use of other procedures for creditors to make decisions, if those procedures comply with prescribed requirements.

(2)Provision under sub-paragraph (1) may in particular include provision about—

(a)how creditors may request that a creditors' meeting be held,

(b)the rights of creditors and others to be given notice of, and participate in, procedures,

(c)creditors' rights to vote in procedures,

(d)the period within which any right to participate or vote is to be exercised,

(e)the proportion of creditors that must vote for a proposal for it to be approved,

(f)how the value of any debt should be determined,

(g)the time at which decisions taken by a procedure are to be treated as having been made.]

12E+W+SThe following provision with respect to meetings of creditors—

(a)provision as to the manner of summoning a meeting (including provision as to how any power to require a meeting is to be exercised, provision as to the manner of determining the value of any debt for the purposes of any such power and provision making the exercise of any such power subject to the deposit of a sum sufficient to cover the expenses likely to be incurred in summoning and holding a meeting);

(b)provision specifying the time and place at which a meeting may be held and the period of notice required for a meeting;

(c)provision as to the procedure to be followed at such a meeting (including the manner in which decisions may be reached by a meeting and the manner in which the value of any vote at a meeting is to be determined);

(d)provision for requiring a bankrupt or debtor to attend a meeting;

(e)provision creating, in the prescribed circumstances, a presumption that a meeting has been duly summoned and held; and

(f)provision as to the manner of proving the decisions of a meeting.

[F212AE+W+SProvision about how a bankrupt's creditors may appoint a person as trustee.]

13E+W+SProvision as to the [F3establishment,] functions, membership and proceedings of a creditors’ committee [F4provided for by] section 301.

14E+W+SProvision as to the manner in which any requirement that may be imposed on a person under Parts VIII to XI of this Act by the official receiver, the trustee of a bankrupt’s estate or a special manager appointed under section 370 is to be so imposed and, in the case of any requirement imposed under section 305(3) (information etc. to be given by the trustee to the official receiver), provision conferring power on the court to make orders for the purpose of securing compliance with that requirement.

15E+W+SProvision as to the manner in which any requirement imposed by virtue of section 310(3) (compliance with income payments order) is to take effect.

16E+W+SProvision as to the terms and conditions that may be included in a charge under section 313 (dwelling house forming part of bankrupt’s estate).

17E+W+SProvision as to the debts that may be proved in any bankruptcy, as to the manner and conditions of proving a debt and as to the manner and expenses of establishing the value of any debt or security.

18E+W+SProvision with respect to the manner of the distribution of a bankrupt’s estate, including provision with respect to unclaimed funds and dividends.

[F518AE+W+SProvision for a creditor who has not proved a small debt to be treated as having done so for purposes relating to the distribution of a bankrupt's estate (and for provisions of, or contained in legislation made under, this Act to apply accordingly).]

19E+W+SProvision modifying the application of Parts VIII to XI of this Act in relation to a debtor or bankrupt who has died.