In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Insolvency Act · 2022 Revised Edition · Part 8
Insolvency Act · 2022 Revised Edition · Part 8
Official textFrom Attorney General's Chambers, unchanged
A person acts as an insolvency practitioner in relation to a company by acting —
insolvency
“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
as its liquidator, provisional liquidator, judicial manager or receiver; or
where a voluntary arrangement in relation to the company is proposed or approved, as nominee or supervisor.
In relation to a voluntary arrangement proposed under Part 2, a person acts as nominee if he performs any of the functions conferred on nominees under that Part.
voluntary arrangement
“voluntary arrangement” means the voluntary arrangement described in section 8.
Nothing in this section applies to anything done by the Official
Receiver.
In this section, “company” includes a company that may be wound up under Part 6.
company
“company” means a company incorporated or registered under the Companies Act;
company
“company” means a company incorporated or registered under the Companies Act;
insolvency
“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
supervisor
“supervisor” means the supervisor of the voluntary arrangement referred to in section 17(2);
voluntary arrangement
“voluntary arrangement” means the voluntary arrangement described in section 8.