{
  "url": "https://openlegislation.uk/insolvency-rules-1986/rule-1.10",
  "json_url": "https://openlegislation.uk/insolvency-rules-1986/rule-1.10.json",
  "legislation": "uksi/1986/1925",
  "legislation_title": "The Insolvency Rules 1986",
  "legislation_url": "https://openlegislation.uk/insolvency-rules-1986",
  "path": "rule/1.10",
  "kind": "rule",
  "number": "1.10",
  "heading": "Preparation of proposal",
  "text": "(1) The responsible insolvency practitioner's proposal shall specify—\n(a) all such matters as under Rule 1.3 (subject to paragraph (3) below) in Chapter 2 the directors of the company would be required to include in a proposal by them , with the addition, where the company is in administration, of the names and addresses of the company’s preferential creditors (defined in section 4(7)), with the amounts of their respective claims, and\n(b) such other matters (if any) as the insolvency practitioner considers appropriate for ensuring that members and creditors of the company are enabled to reach an informed decision on the proposal.\n(2) Where the company is being wound up by the court, the insolvency practitioner shall give notice of the proposal to the official receiver.\n(3) The administrator or liquidator shall include, in place of the estimate required by Rule 1.3(2)(ca), a statement which contains—\n(a) to the best of the administrator or liquidator’s knowledge and belief—\n(i) an estimate of the value of the prescribed part (whether or not he proposes to make an application to court under section 176A(5) or section 176A(3) applies), and\n(ii) an estimate of the value of the company’s net property, and\n(b) whether, and, if so, why, the administrator or liquidator proposes to make an application to court under section 176A(5).\n(4) Nothing in this Rule is to be taken as requiring any such estimate to include any information, the disclosure of which could seriously prejudice the commercial interests of the company. If such information is excluded from the calculation the estimate shall be accompanied by a statement to that effect.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in rule 1.10(1)(a) inserted (15.9.2003) by The Insolvency (Amendment) Rules 2003 (S.I. 2003/1730), rule 1(2), Sch. 1 para. 3(a)(ii)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in rule 1.10(1)(a) inserted (11.1.1988 with application in accordance with rule 3(1)(2)) by The Insolvency (Amendment) Rules 1987 (S.I. 1987/1919), rule 1, Sch. para. 3"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in rule 1.10(1)(a) substituted (15.9.2003) by The Insolvency (Amendment) Rules 2003 (S.I. 2003/1730), rule 1(2), Sch. 1 para. 3(a)(i)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Rule 1.10(3)(4) inserted (15.9.2003) by The Insolvency (Amendment) Rules 2003 (S.I. 2003/1730), rule 1(2), Sch. 1 para. 3(b)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Rule 1.10 in force at 29.12.1986, see rule 0.1"
    }
  ],
  "outstanding_effects": [
    {
      "type": "substituted for rule 4.54(5)",
      "affecting": "uksi/2010/686",
      "affecting_title": "The Insolvency (Amendment) Rules 2010"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1986/1925/rule/1.10",
    "retrieved_at": "2026-10-29T16:38:55.219722+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."
}