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Article 5 Transitional provisions relating to amendments to Part 8 of the Insolvency Act 1986

Original text. Later amendments are not shown.

(1)

In this article—

  • “a proposal for a voluntary arrangement” means a proposal under Part 8 of the Act, by a debtor to his creditors for a composition in satisfaction of his debts or a scheme of arrangement of his affairs;

  • “former provisions” means the provisions of the Act as they were prior to the amendments made by this Order.

(2)

Where a proposal for a voluntary arrangement is made to a nominee under section 256A of the Act prior to the day on which this Order comes into force, the former provisions relevant to a proposal under that section shall continue to apply to it.