# Insolvency Act 1986, Paragraph 56: Further creditors’ decisions

Extent: E+W+S

(1) The administrator of a company shall seek a decision from the company's creditors on a matter if—
(a) it is requested in the prescribed manner by creditors of the company whose debts amount to at least 10% of the total debts of the company, or
(b) he is directed by the court to do so.
(2) An administrator commits an offence if he fails without reasonable excuse to seek a decision from the company's creditors on a matter as required by this paragraph.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/B1/paragraph/56 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-B1/paragraph-56
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.