Insolvency Act · 2022 Revised Edition · Part 2
9. Moratorium
Official textFrom Attorney General's Chambers, unchanged
If the directors of a company intend to make a proposal for a voluntary arrangement, they may take steps to obtain a moratorium for the company.
company
“company” means a company incorporated or registered under the Companies Act;
The provisions of Schedule 1 have effect with respect to —
companies obtaining a moratorium under this section;
the procedure for obtaining such a moratorium;
the effects of such a moratorium; and
the procedure applicable (in place of sections 11, 12 and 14)
in relation to the approval and implementation of a voluntary arrangement where such a moratorium is or has been in force.
Terms defined in s 3
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
voluntary arrangement
Defined · s 3“voluntary arrangement” means the voluntary arrangement described in section 8.
Part 3
Part
Judicial Management
Part
Winding Up of Companies Registered Under Companies Act
Chapter I
Chapter II
Chapter III
Chapter IV
Chapter V
Chapter VI
Chapter VII
Chapter VIII
Chapter IX
Chapter X
Part