Section 93 Abolition of fast-track voluntary arrangementsI1

Northern Ireland Not yet in force

(1)

Omit Articles 237A to 237G (fast-track voluntary arrangements) and the italic heading before Article 237A.

(2)

In consequence of the repeal made by subsection (1), the repeals in subsections (3) to (5) have effect.

(3)

In the 1989 Order—

(a)

in Article 256 (High Court’s power to annul bankruptcy order), in paragraph (4), omit “or 237D”;

(b)

in Schedule 2A (bankruptcy restrictions order and undertaking), in paragraph 11, omit “, 237D”.

(4)

In the Insolvency (Northern Ireland) Order 2005—

(a)

omit Article 21(2) to (4) (orders to extend application of provisions of Articles 237B to 237G of the 1989 Order);

(b)

in Schedule 7, omit paragraph 2 (fast-track voluntary arrangements) and the heading before it;

(c)

in Schedule 8, omit paragraph 6(b).

(5)

In the Insolvency (Amendment) Act (Northern Ireland) 2016, omit section 6.

(6)

The repeals made by this section have no effect in relation to a case where a debtor has submitted the document and statement mentioned in Article 237B(1) to the official receiver before this section comes into operation.

Annotations

Commencement

I1: S. 93 not in operation at Royal Assent, see s. 120(02)