# The Insolvency (England and Wales) Rules 2016, Rule 12.14: Applications under section 176A(5) to disapply section 176A


(1) An application under section 176A(5) must be accompanied by a witness statement of the liquidator, administrator or receiver.
(2) The witness statement must state—
(a) the type of insolvency proceedings in which the application arises;
(b) a summary of the financial position of the company;
(c) the information substantiating the applicant's view that the cost of making a distribution to unsecured creditors would be disproportionate to the benefits; and
(d) whether any other office-holder is acting in relation to the company and, if so, that office-holder's address.

---
Source: https://www.legislation.gov.uk/uksi/2016/1024/rule/12.14 (the official version)
Page: https://openlegislation.uk/insolvency-england-and-wales-rules-2016/rule-12.14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.