Commentary

36.3 Voluntary arrangement without an initial moratorium—where no interim order is required

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)
| Commentary

36.3 Voluntary arrangement without an initial moratorium—where no interim order is required

| Commentary

36.3 Voluntary arrangement without an initial moratorium—where no interim order is required1

The nominee may convene a creditors' decision procedure and seek approval of the debtor’s proposal without any order of the court.

The court is not involved in the process at all unless an application for a specific purpose is made to it.

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