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Regulation 10 Registration of protected status

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

(1)

As soon as reasonably practicable after the expiry of the relevant period, the trustee must send to the Accountant for registration in the register of insolvencies–

(a)

a copy of the trust deed;

(b)

a copy of the notice referred to in regulation 7;

(c)

a statement by the trustee that those creditors, if any, who have objected in writing to the trust deed during the relevant period do not constitute–

(i)

a majority in number of the creditors; or

(ii)

one third or greater in value of the creditors;

(d)

a copy of the signed statement referred to in regulation 6;

(e)

a copy of the statement of the debtor’s affairs mentioned in regulation 8(c);

(f)

a statement in the form of Form 3 set out in Schedule 1 to these Regulations of anticipated realisations from the protected trust deed.

(2)

On receipt of the documents listed in paragraph (1) the Accountant must forthwith record the trust deed in the register of insolvencies.