| Commentary

294 Death before approval of IVA

| Commentary

C: EFFECT OF DEATH ON INDIVIDUAL VOLUNTARY ARRANGEMENTS

294 Death before approval of IVA

Where the court has made an interim order, and the debtor dies before his proposal for an IVA is approved by his creditors, the nominee is required to give notice of the death to the court which will then discharge the interim order1. The creditors’ decision procedure will not take place2.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial