| Commentary

295 Death after approval of IVA

| Commentary

295 Death after approval of IVA

Where the court has made an interim order and the debtor dies after the proposal has been accepted by the creditors and is in the course of being implemented by the supervisor, the IVA takes effect (subject to any provision in the terms of the arrangement itself which take effect on the death of the debtor) and is implemented in full by the supervisor1. Where however the debtor dies after the approval of his proposal but before its implementation, the IVA does not come into force and the creditors are not bound

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