# Corporate Insolvency and Governance Act 2020, Paragraph 2


(1) This paragraph applies in relation to a petition which is presented in England and Wales by a creditor under section 124 of the 1986 Act during the relevant period.
(2) Rule 7.5(1) of the Insolvency Rules has effect as if it also required the petition to contain a statement—
(a) that the requirements in paragraph 1 of this Schedule are met, and
(b) that no proposals for the payment of the debt have been made, or a summary of the reasons why the proposals are not to the creditor’s satisfaction (as the case may be).

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Source: https://www.legislation.gov.uk/ukpga/2020/12/schedule/10/paragraph/2 (the official version)
Page: https://openlegislation.uk/corporate-insolvency-and-governance-act-2020/schedule-10/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.