{
  "url": "https://openlegislation.uk/insolvency-england-and-wales-rules-2016/rule-1.38",
  "json_url": "https://openlegislation.uk/insolvency-england-and-wales-rules-2016/rule-1.38.json",
  "legislation": "uksi/2016/1024",
  "legislation_title": "The Insolvency (England and Wales) Rules 2016",
  "legislation_url": "https://openlegislation.uk/insolvency-england-and-wales-rules-2016",
  "path": "rule/1.38",
  "kind": "rule",
  "number": "1.38",
  "heading": "Creditor's election to opt out",
  "text": "(A1) This rule does not apply in relation to a moratorium under Part A1 of the Act.\n(1) A creditor may at any time elect to be an opted-out creditor.\n(2) The creditor's election to opt out must be by a notice in writing authenticated and dated by the creditor.\n(3) The creditor must deliver the notice to the office-holder.\n(4) A creditor becomes an opted-out creditor when the notice is delivered to the office-holder.\n(5) An opted-out creditor—\n(a) will remain an opted-out creditor for the duration of the proceedings unless the opt out is revoked; and\n(b) is deemed to be an opted-out creditor in respect of any consecutive insolvency proceedings under Parts 1 to 11 of the Act of a different kind relating to the same company or individual.\n(6) The creditor may at any time revoke the election to opt out by a further notice in writing, authenticated and dated by the creditor and delivered to the office-holder.\n(7) The creditor ceases to be an opted-out creditor from the date the notice is received by the office-holder.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Rule 1.38(A1) inserted (1.10.2021) by The Insolvency (England and Wales) (No.2) (Amendment) Rules 2021 (S.I. 2021/1028), rules 1, 10 (with rules 4, 5)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Rules 1.18-1.58 applied (with modifications) (19.3.2024) by The Water Industry (Special Administration) (England and Wales) Rules 2024 (S.I. 2024/229), rules 1, 5, 12-33, Sch. (with rule 2(2))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2016/1024/rule/1.38",
    "retrieved_at": "2026-10-28T23:19:01.539785+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}