# Small Business, Enterprise and Employment Act 2015, Section 125: Ability for creditors to opt not to receive certain notices: individual insolvency

Extent: E+W+S+N.I.

(1) The Insolvency Act 1986 is amended as follows.
(2) For the italic heading before section 379B substitute— “ Giving of notices etc by office-holders ”.
(3) After section 379B insert—
“Creditors' ability to opt out of receiving certain notices
379C (1) Any provision of the rules which requires an office-holder to give a notice to creditors of an individual does not apply, in circumstances prescribed by the rules, in relation to opted-out creditors.
(2) Subsection (1)—
(a) does not apply in relation to a notice of a distribution or proposed distribution to creditors;
(b) is subject to any order of the court requiring a notice to be given to all creditors (or all creditors of a particular category).
(3) Except as provided by the rules, a creditor may participate and vote in a creditors' decision procedure or a deemed consent procedure even though, by virtue of being an opted-out creditor, the creditor does not receive notice of it.
(4) In this section—
“give” includes deliver, furnish or send;
“notice” includes any document or information in any other form;
“office-holder”, in relation to an individual, means—
(a)where a bankruptcy order is made against the individual, the official receiver or the trustee in bankruptcy;
(b)where an interim receiver of the individual's property is appointed, the interim receiver;
(c)the supervisor of a voluntary arrangement approved under Part 8 in relation to the individual.”
(4) After section 383 insert—
““Opted-out creditor”
383A (1) For the purposes of this Group of Parts “opted-out creditor” in relation to an office-holder for an individual means a person who—
(a) is a creditor of the individual, and
(b) in accordance with the rules has elected (or is deemed to have elected) to be (and not to cease to be) an opted-out creditor in relation to the office-holder.
(2) In this section, “office-holder”, in relation to an individual, means—
(a) where a bankruptcy order is made against the individual, the official receiver or the trustee in bankruptcy;
(b) where an interim receiver of the individual's property is appointed, the interim receiver;
(c) the supervisor of a voluntary arrangement approved under Part 8 in relation to the individual.”
(5) In Schedule 9 (provisions capable of inclusion in individual insolvency rules), after paragraph 7 insert—
“
7F Provision for enabling a creditor of an individual to elect to be, or to cease to be, an opted-out creditor in relation to an office-holder for the individual (within the meaning of section 383A), including, in particular, provision—
(a) for requiring an office-holder to provide information to creditors about how they may elect to be, or cease to be, opted-out creditors;
(b) for deeming an election to be, or cease to be, an opted-out creditor in relation to a particular office-holder for an individual to be such an election also in relation to any other office-holder for the individual.”

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Source: https://www.legislation.gov.uk/ukpga/2015/26/section/125 (the official version)
Page: https://openlegislation.uk/small-business-enterprise-and-employment-act-2015/section-125
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.