# The Insolvency Rules 1986, Rule 5.38: Requirement for the official receiver’s decision


(1) Where the official receiver receives a proposal for a voluntary arrangement in accordance with Rule 5.37 he shall, within 28 days of its receipt, serve a notice on the debtor stating that—
(a) he agrees to act as nominee in relation to the proposal;
(b) he declines to act as nominee in relation to the proposal and specifying reasons for his decision; or
(c) on the basis of the information supplied to him he is unable to reach a decision as to whether to act and specifying what further information he requires.
(2) Where the debtor, pursuant to a request under paragraph (1)(c), supplies the information requested, the official receiver shall, within 28 days of the receipt of the information, serve a notice on the debtor in accordance with paragraph (1).

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Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/5.38 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-5.38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.