Rule 1.10 Preparation of proposal

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

rules 11.01-11.13 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rule 6(10)-CP(3) substituted by Insolvency 2000 rule 5
rule 4.056-CVL(2) words inserted by Insolvency 2006 Sch. 1 para. 22
rule 1.10(1)(a) words substituted by Insolvency 2006 Sch. 1 para. 3(a)(i)
rule 1.10(1)(a) words inserted by Insolvency 2006 Sch. 1 para. 3(a)(ii)
rule 1.10(3)(4) inserted by Insolvency 2006 Sch. 1 para. 3(b)
rule 4.228A-4.228E inserted by Insolvency 2008 rule 5
rules 2.028-2.110 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rules 2.114-2.115 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rules 2.119-2.130 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rules 4.027-4.029 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rules 4.031-4.034 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rules 4.197-4.204 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rules 7.05-7.07 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rules 7.09-7.14 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rules 7.19-7.22 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rules 7.24-7.30 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rules 7.34-7.42 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rules 7.50-7.54 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rules 12.01-12.22 applied with modifications by rule 58 by Bank Administration 2009 rule 61
rule 7. 13B(2) word omitted by Insolvency 2023 rule 37(1)

(1)

The responsible insolvency practitioner's proposal shall specify—

(a)

all such matters as under Rule 1.03 the directors of the company would be required to include in a proposal by them, with the addition, where the company is subject to an administration order, of the names and addresses of the company's preferential creditors (defined in Article 17(7)), with the amounts of their respective claims, and

(b)

such other matters (if any) as the responsible insolvency practitioner considers appropriate for ensuring that members and creditors of the company are enabled to reach an informed decision on the proposal.

(2)

Where the company is being wound up by the court, the responsible insolvency practitioner shall give notice of the proposal to the official receiver.

[E.R.1.10]