Article 8 Amendment to Schedule 3 to the Insolvent Partnerships Order (Northern Ireland) 1995

In paragraph 3 of Part I of Schedule 3 to the 1995 Order (Article 185: winding up of unregistered companies), after modified Article 185(7)(c) insert –

“(d)

at the time at which a moratorium for the insolvent partnership under Article 14A comes to an end, no voluntary arrangement approved under Part II of this Order has effect in relation to the insolvent partnership.

(7A)

A winding-up petition on the ground set out in Article 185(7)(d) may only be presented by one or more creditors.”.